News

Actuarial & underwriting

R&Q acquires Irish construction captive in run-off

R&Q Investment Holdings has entered into an agreement to acquire Western Captive Insurance Company (WCIC), an Irish-domiciled captive belong to the Coffey Group, a civil engineering, environmental and building contracting group of companies.   2 October 2018

Analysis

Slow steps pay off for Guernsey

Guernsey’s longstanding business ties with China are starting to generate captive insurance business from the country, says Dominic Wheatley of Guernsey Finance   1 October 2018

Analysis

Group employee benefit captives: all grown up

With the right resources, accountability and proactive management, group employee benefit captives can save employers money, reduce claim costs and bend the medical trend curve, says Wendy Dine of Strategic Risk Solutions.   1 October 2018

Analysis

Crowe bolsters Cayman practice with captive auditing hire

Crowe Horwath has appointed Lawrence Kemp as audit assistant manager for its Cayman practice, with a focus on auditing captive insurance companies.   1 October 2018

Actuarial & underwriting

Ford motor captive gets Excellent rating

Ratings agency AM Best has affirmed the financial strength rating of A (Excellent) of The American Road Insurance Company (TARIC), the Michigan-based single-parent captive insurer owned by Ford Credit, a subsidiary of Ford Motor Company.   1 October 2018

Analysis

AM Best upgrades offshore group captive Raffles

Ratings agency AM Best has upgrades the financial strength rating to A (Excellent) from A- of Raffles Insurance, a group captive based in the Cayman Islands.   28 September 2018

Analysis

University of California captive assets almost reach $1bn

The University of California's (UC) investment assets under management - including its captive insurers Fiat Lux and UC Health RRG - grew substantially in the fiscal year ending June 30, 2018, with the captive assets reaching almost $1 billion.   27 September 2018

Analysis

Aegon to boost US capital position $1bn through captive merger

Dutch life insurance company Aegon is merging two of its legal entities -  its Arizona-based variable annuity captive with Transamerica Life Insurance Company (TLIC) - which it expects to boost its US capital position by approximately $1 billion.   25 September 2018

Analysis

Blockchain: the revolution of the claims process

For products that are difficult or even impossible to insure, the combination of the blockchain with parametric triggers seems to reveal possibilities which previously could only be dreamed about, says Tatjana Winter of the BlockART Institute.   24 September 2018

Actuarial & underwriting

The cost benefits of medical stop loss captives

When healthcare costs continue to rise, captives can provide customised transfer solutions that improve the financial management of many employer-sponsored health plans. Anne Marie Towle of JLT Insurance Management (USA) has the details.   24 September 2018

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