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ICS boosts captive capabilities with acquisition

Innovative Captive Strategies (ICS) has strengthened its captive insurance capabilities with the acquisition of Montana-based Aceterrus Insurance Resources. 8 July 2015

Accounting & tax analysis

OECD backs Guernsey following blacklisting

The Organisation for Economic Cooperation and Development (OECD) has highlighted Guernsey’s reputation as a cooperative jurisdiction. 7 July 2015

Law & regulation

New online captive courses launched to meet demand

A new Captive Insurance CE Learning Center, featuring online courses on captive insurance and related topics, has been launched partly on the back of industry demand for less structured courses of this nature and will be suitable for executives with varying degrees of experience around captives. 6 July 2015

Actuarial & underwriting

AM Best downgrades Toll Brothers captive

Rating agency AM Best has downgraded the ratings of Philmont Insurance Company, a captive of construction company Toll Brothers. 6 July 2015

Actuarial & underwriting

ACE to acquire Chubb in $28.3bn deal

Re/insurer ACE has revealed plans to acquire The Chubb Corporation for $28.3 billion. 3 July 2015

Law & regulation

Arizona Captive Association elects president

The Arizona Captive Insurance Association (AzCIA) has elected attorney Richard Amoroso as president. 2 July 2015

Accounting & tax analysis

Latvia & Poland confirm Bermuda removed from blacklists

Poland and Latvia have confirmed that Bermuda has been removed from their domestic lists of countries of non-cooperative tax jurisdictions. 1 July 2015

Actuarial & underwriting

AM Best assigns ratings to ART Bermuda

Rating agency AM Best has assigned strong ratings to Allianz Risk Transfer (Bermuda), reflecting the company’s expectation of good operating performance. 30 June 2015

Law & regulation

Captive Clarification Act reintroduced in US

Legislation which would omit captives from the Nonadmitted and Reinsurance Reform Act (NRRA) has been reintroduced to the US Senate. 29 June 2015

Law & regulation

Few captives access TRIPRA backstop: Marsh

Only a small number of organisations have used their captives to access the federal terrorism insurance backstop in the Terrorism Risk Insurance Program Reauthorization Act (TRIPRA) of 2015. 29 June 2015

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