News

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Sedgwick appoints new chief information officer

Sedgwick, a leader in technology-enabled claims and productivity management solutions for the insurance sector, has promoted Jason Landrum to the position of chief information officer.   14 April 2014

Feasibility studies analysis

Lone Star state welcomes three captives

The Texas Department of Insurance has welcomed one new captive and two redomesticated captives to the state as Texas opens its doors to the captive concept.   11 April 2014

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AM Best affirms ratings for Transmonde Services

AM Best has affirmed the A (Excellent) financial rating of Bermuda-based Transmonde Services Insurance Company, citing strong operating performance and excellent risk-adjusted capitalisation.   10 April 2014

Actuarial & underwriting

R&Q lands contracts underwritten by SEG Insurance

R&Q has received by way of novation all contracts underwritten by one of the cells SEG Insurance, which will now be moved into the company’s Bermuda-based rent-a-captive R&Q Quest SAC Limited.   10 April 2014

Executive Appointments

JLT makes senior appointments

JLT has promoted Steve Arrowsmith and Kilian Whelan to lead JLT Insurance Management’s global operations.   9 April 2014

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Connecticut looks to keep captive laws at cutting edge

Connecticut’s insurance industry is watching the progress of Senate Bill 188 with interest, in anticipation of an update of the state’s captive laws.   9 April 2014

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JLT: domicile choices are growing more complex

The proliferation of captives and captive domiciles is making the domestication decision an increasingly tough one. Parents need to weigh their decision increasingly carefully.   8 April 2014

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Marsh Guernsey celebrates 40 years with charity pledge

Marsh in Guernsey is celebrating 40 years of captive management operations on the Island by launching ‘Guernsey 40:40’, with employees taking part in 40 charitable events.   4 April 2014

Analysis

Cayman-based captive receives rating downgrade

Risk Reinsurance, the captive of Transpower New Zealand, the state-owned operator of the country’s electricity grid, has had its financial strength rating downgraded from A+ to A by AM Best.   3 April 2014

Analysis

Delaware signals objections to Rector Report

Delaware’s Captive Insurance Association has voiced its opposition to the NAIC’s Rector Proposal, which intends to limit the flexibility of assets used to support insurance reserves and may impact the value proposition of life reinsurance captives.   31 March 2014

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