News

article

Cyber: a bespoke fit

Captives have the opportunity to play an invaluable role in providing tailored risk management solutions to the rising threat posed by cyber risk. Here, the potential to run cyber risk through a captive is explored.   30 May 2013

Analysis

2013: A great start for new insurers

Bermuda has experienced another bumper start to the year. Shelby Weldon, director of licensing and authorisation at the Bermuda Monetary Authority, outlines why 2013 has been such a success so far.   30 May 2013

Bermuda analysis

Group captives: the alternative for the middle market

Group captives provide an opportunity for smaller companies to explore the captive option. Scott Penwell explores the major questions around taking the group captive route.   30 May 2013

Cayman analysis

Southport Re strengthens links with Cayman

Southport Re, the captive reinsurance subsidiary of New York private equity firm Southport Lane, has amended its Cayman captive classification from Class B to a new Class D open market reinsurer license.   30 May 2013

Analysis

MetLife move may encourage more captives to move onshore

Increased political pressure could see more offshore captives head onshore in the coming months, according to Clive O’Connell, a partner at Goldberg Segalla Global.   30 May 2013

Analysis

Marsh expands Nova Scotia captive team

Marsh has announced that it will be adding 60 jobs to its Halifax-based Captive Solutions Group in Canada.   29 May 2013

EMEA analysis

Monetary Authority of Singapore opens Beijing Office

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

USA analysis

Aggarwal to lead Marsh US Energy Construction

Chaman Aggarwal has joined Marsh as the head of its US Energy Construction Practice.   29 May 2013

Actuarial & underwriting

Nuclear Electric receives Excellent rating despite volatility

A.M. Best has revised the outlook of Delaware-domiciled captive Nuclear Electric Insurance Ltd.’s issuer credit rating outlook to negative from stable whilst simultaneously affirming its “a+” rating.   29 May 2013

Cayman analysis

Regulatory scrutiny encourages MetLife to close captive

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

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