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Actuarial & underwriting
The Insurance Managers Association of Cayman (IMAC) has re-elected Kieran O'Mahony, and Linda Haddleton as IMAC chair and IMAC vice chair/legislative and regulatory committee chair respectively. 5 February 2016
Actuarial & underwriting
Montana posted solid growth in 2015 with the licensing of 38 new captive entities. 4 February 2016
Actuarial & underwriting
A number of captive industry experts are set to speak at this year’s Captive Insurance Companies Association (CICA) 2016 International Conference. 3 February 2016
Actuarial & underwriting
The increasing threat of cyber risk to global firms and ways to ease dangers such as data breaches via a Bermuda captive insurance company are the topics of an upcoming webinar hosted by the Bermuda Business Development Agency (BDA). 1 February 2016
Actuarial & underwriting
Moody's Investors Service has placed under review for downgrade the Ba1 insurance financial strength (IFS) rating of Monticello Insurance, the captive reinsurance subsidiary of Brazil-based Vale, one of the largest metal and mining companies in the world. 29 January 2016
Actuarial & underwriting
Captive Alternatives (CapAlt), the insurance consultancy that pioneered the Protected Captive business model, has begun using a new enterprise information management (EIM) system to improve its client service. 28 January 2016
Actuarial & underwriting
A global authority on captives and, specifically, protected cell companies (PCC), has unearthed a previously relatively unknown court ruling that might help add to the industry’s understanding of how PCCs operate and their status in the courts. 27 January 2016
Actuarial & underwriting
Allen Kerr, Arkansas insurance commissioner, has approved the creation of the State’s first special purpose captive insurance company, Diamond Risk Insurance, a wholly‐owned subsidiary of Baptist Health. 27 January 2016
Accounting & tax analysis
The curator of African Bank has announced that the African Insurance Group (InsureCo), the company which will hold all insurance interests as part of the GoodBank Group under the Good Bank restructuring proposal, has concluded an agreement with Guardrisk Life in respect of a captive cell within that company. 26 January 2016
Actuarial & underwriting
Tokio Solution Management, a subsidiary of Tokio Millennium Re, has named Butch Agnew as vice president (VP), insurance-liked securities (ILS) portfolio management. 25 January 2016
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