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USA analysis
The Captive Insurance Companies Association (CICA) has unveiled the keynote speaker at its 2018 International Conference, which will be held between March 11 and 13 at the Westin Kierland Resort & Spa, Scottsdale, Arizona. 19 December 2017
Accounting & tax analysis
The Minister of Finance for the Bahamas signed a Multilateral Convention on Mutual Administrative Assistance in Tax Matters. With this signing, The Bahamas becomes the 116th jurisdiction to join the world’s leading instrument for boosting transparency and combating cross-border tax evasion. 18 December 2017
USA analysis
AM Best has assigned a Financial Strength Rating (FSR) of A (Excellent) and a Long-Term Issuer Credit Rating (Long-Term ICR) of “a+” to Ameriprise Captive Insurance Company (ACIC). The outlook assigned to these Credit Ratings (ratings) is stable. 15 December 2017
Cayman analysis
Cayman’s captive insurance industry has generated a total of $100 million for the island’s economy in 2016, with results from an economic impact survey having been recently released by the Insurance Managers Association of Cayman (IMAC). 14 December 2017
Bermuda analysis
The Bermuda Business Development Agency (BDA), which takes a lead role on Bermuda in the promotion of captives, has made some high profile changes to its board including the appointment of a well-known figure in the island’s captives community. 14 December 2017
USA analysis
Hanover Stone Partners, a risk management services firm, has appointed two senior risk advisors into the leadership team of Hanover Stone Partners CaptiveGuard, the firm’s specialty practice providing governance and related advisory services for captive insurance companies and their parent organisations. 14 December 2017
Bermuda analysis
Brit Re, the newly established captive reinsurer formed when Brit relocated a Gibraltar based entity to Bermuda earlier in December, has appointed the former CEO of the reinsurance operations of Axis Capital as a non-executive director. 13 December 2017
Bermuda analysis
One of Bermuda’s biggest captive managers has partnered with a new venture targeting marine, energy and aerospace business to provide A-rated capacity via a structured facility for proportional and non-proportional reinsurance and retrocessional products. 12 December 2017
Bermuda analysis
The growth of captives business from Latin America was one of the targets of a delegation from Bermuda, which has just completed a business development trip to Miami, regarded as a growing hub for business stemming from conduit for Latin and South America. 12 December 2017
USA analysis
Atlas Insurance Management (Atlas), a captive insurance management firm, has hired Gail Olsen as its senior vice president – finance & compliance. 11 December 2017
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