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MAXIS Global Benefits Network, the employee benefits joint venture between MetLife and AXA, has appointed Nicola Fordham as director of underwriting. 21 September 2017
Analysis
Randall & Quilter (R&Q) has completed a novation of reinsurance policies issued between 2006 and 2011 from a group captive domiciled in the Cayman Islands. 21 September 2017
Analysis
Recent natural disasters have shone a spotlight on captive insurance, which can play an important role in helping organisations defray some of the related financial losses, according to Anne Marie Towle, executive vice president and captive consulting practice leader at JLT Insurance Management. 19 September 2017
Accounting & tax analysis
One of the strengths of the Cayman Islands as a domicile is its team approach to captives, according to Julie Robertson, partner and chair at Honigman Miller Schwartz and Cohn. 19 September 2017
Analysis
In the second article of three on the use of blockchain in captives, Marcus Schmalbach of BlockART Institute investigates use cases and fields of application for existing captives, as well as potential reasons to set up a new captive within a company. 18 September 2017
Law & regulation
Vermont’s Department of Financial Regulation (DFR) has announced that it has licensed Vermont’s 1,100th captive insurance company. 18 September 2017
Analysis
Regions Insurance, an affiliate of Regions Bank and provider of insurance, employee benefits and captive solutions, has appointed David Linhardt as state executive for Arkansas and Texas. 15 September 2017
Analysis
The captive insurance industry in Bermuda contributes around $174 million every year to the island’s economy, according to research conducted by PwC for the Bermuda Insurance Management Association (BIMA). 15 September 2017
Analysis
Alleghany’s wholly-owned subsidiary Alleghany Insurance Holdings has signed a definitive agreement to sell Pacific Compensation Insurance Company (PacificComp), an underwriter of workers' compensation insurance, primarily in California, to CopperPoint Mutual Insurance Company for $150 million. 15 September 2017
Analysis
New and prospective captive owners from emerging markets such as Canada and Europe have experienced Bermuda’s key industry role in the captive market first-hand at the Bermuda Captive Conference, according to conference chair David Gibbons. 14 September 2017
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