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Analysis
Marsh has announced that it will be adding 60 jobs to its Halifax-based Captive Solutions Group in Canada. 29 May 2013
USA analysis
Chaman Aggarwal has joined Marsh as the head of its US Energy Construction Practice. 29 May 2013
EMEA analysis
The Monetary Authority of Singapore has opened a representative office office in Beijing, China, in order to strengthen bilateral collaboration between the MAS and Chinese financial regulatory authorities. 29 May 2013
Cayman analysis
The US’s largest insurer, MetLife has moved to close its Cayman-based captive following accusations from the New York Department of Financial Services that the entity was obscuring risks held by the insurer. 23 May 2013
Services
The Iowa-domiciled captive of Toyota Motor Corporation received an upgrade in its financial strength and issuer credit ratings from A.M. Best. 23 May 2013
Bermuda analysis
Following the appointment of Craig Swan as Managing Director, Supervision, the Bermuda Monetary Authority (BMA) has restructured its management team. 23 May 2013
Analysis
Thanks to broad bipartisan political support in the state for the enactment of captive legislation, North Carolina looks set be the latest US domicile to enter the captive field. 23 May 2013
Services
Atlanta headquartered Brown & Brown has moved to acquire insurance and risk management broker, Beecher Carlson in a cash move. 23 May 2013
Law & regulation
Governor Jay Nixon of Missouri signed legislation authorizing the formation and operation of sponsored captive insurance companies—or segregated cells—last week. 22 May 2013
Analysis
The Hon. Craig Cannonier, the Premier of Bermuda, has said the island’s regulatory regime is committed to remaining flexible and competitive to make certain it remains the jurisdiction of choice for both the captive industry and the international re/insurance industry. 21 May 2013
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