News

Analysis

Embrace your legacy

The run-off and legacy business is well established in the commercial insurance market, but remains a relatively niche area when it comes to captives. But that is changing, as more captives recognise the benefits of handing over old portfolios to free up capital to write new business. Captive International investigates.   8 September 2020

USA analysis

Time running out to vote in Captive International’s inaugural US Awards

The Captive International US Awards has received a great response so far, with voting extremely tight in a number of categories.   7 September 2020

article

Kelly Castriotta joins Markel as senior director of global cyber underwriting

Kelly Castriotta has joined Markel Corporation as senior director of global cyber underwriting, becoming the lead underwriting project manager for Markel’s US non-affirmative cyber project.   7 September 2020

Accounting & tax analysis

Minnesota set to apply procurement tax to captives

The Minnesota Department of Revenue (MDR) has proposed changes to Form IG255 that will mean individuals or businesses buying insurance directly from captives or other non-admitted insurers must report their non-admitted direct procured insurance premium tax.   4 September 2020

Bermuda analysis

Keep holding virtual board meetings: BMA

The Bermuda Monetary Authority has instructed captives and other re/insurers domiciled in Bermuda to continue holding virtual board meetings for now, if arranging physical board meetings is problematic.   4 September 2020

Executive Appointments

Rebecca Hale joins SRS, Melissa Hancock set to lead business in Europe

Rebecca Hale has joined Strategic Risk Solutions (SRS) as regional manager for the mid-Atlantic, with responsibilities for captive management operations in DC, Delaware and New Jersey.   4 September 2020

New Captive Models

Global Parametrics creates parametric product to insure Mexican coral reef

Global Parametrics, a provider of parametric protection against climate risks and natural disasters, has led the renewal of the $1.9 million Mexican Reef Protection Programme, alongside Grupo Financiero Banorte and Hannover Re.   4 September 2020

Bermuda analysis

Economic Substance compliance: what captives boards need to know

Bermuda’s Economic Substance legislation has now come into force. Strategic Risk Solutions’ Richard Daley outlines what captives boards should be thinking about to ensure they remain compliant.   4 September 2020

Asset management analysis

Alan Quilter sells 250,000 R&Q shares

Alan Quilter, Randall & Quilter’s chief executive, has sold his interest in 250,000 ordinary shares in the company.   3 September 2020

Actuarial & underwriting

RT Specialty hires Mason Johnston to launch its new Alabama office

RT Specialty has hired Mason Johnston as president of a new office in Birmingham, Alabama.   2 September 2020

Not finding what you're looking for, please try resetting your applied search and filters,
or try the full site search.