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Bermuda analysis
Old Mutual has sold Constantia Insurance Company (Guernsey), a captive company currently in run-off, to Bermuda-based Randall & Quilter Investment Holdings (R&Q) for £1.5 million. 2 January 2018
Asia analysis
The Insurance Regulatory Development Authority of India (IRDAI) has issued enabling regulations for undertaking offshore insurance business in Gujarat International Finance Tec-City (GIFT), India’s only operational International Financial Services Centre (IFSC). 2 January 2018
Asia-Pacific analysis
Labuan International Business and Financial Centre (Labuan IBFC) has appointed Farah Jaafar Crossby as CEO, effective from January 1, 2018, where she will take helm of the midshore jurisdiction’s promotion and marketing arm. 2 January 2018
Cayman analysis
Erin Brosnihan, new incoming chair of the Insurance Managers Association of Cayman (IMAC) has paid tribute to Linda Haddleton, the body’s former chair, who passed away last month. 22 December 2017
USA analysis
The Captive Insurance Companies Association’s (CICA) board of directors has voted for Courtney Claflin, executive director - captive programs University of California, office of the president, to fill an open seat. 22 December 2017
USA analysis
Bill Hodson, an experienced captives executive who has worked at firms including Willis Re, Axiom Re and Goss Re, has formed a new venture focused on the placement and on-going management of reinsurance programs for small to middle-market specialty lines insurers, captives, Risk Retention Groups, and any writer of specialized risks. 22 December 2017
Bermuda analysis
Conyers Dill & Pearman has appointed a new head of its British Virgin Islands (BVI) office. Partner Mark Forte succeeds Robert Briant, who has led the BVI office since April 1999. 21 December 2017
USA analysis
The Vermont Captive Insurance Association has added three captive professionals to its board of directors. 20 December 2017
USA analysis
North Carolina has 585 licensed or approved captives of cells/series but also numerous license application and cell business plans pending for year-end approval that will boost these numbers next year. 20 December 2017
USA analysis
SOBC Sandell, a specialist in the acquisitions, run-off and management, has secured regulatory approval to acquire ASAC PCC and American Staffing Assurance Company of Washington DC. 19 December 2017
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