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GC Securities has announced the creation of Cerulean Re, a private syndicated collateralised reinsurance platform and Bermuda registered segregated account company and licensed special purpose insurer. 11 September 2017
Accounting & tax analysis
The US Tax Court ruled against captive owners and jewellers Benyamin & Orna Avrahami on August 21 in a case long-anticipated by the captive industry. 7 September 2017
Analysis
The Georgia Insurance Department has granted approval to Charlotte-based Atlas Insurance Management to act as a manager for captives domiciled in the state. 7 September 2017
Analysis
XL Catlin has established a new captive team focused on the development and delivery of captive solutions. 4 September 2017
Analysis
Bermuda Premier David Burt will open the upcoming Bermuda Captive Conference this year, held at the Fairmont Southampton Resort in Bermuda on September 10-13. 4 September 2017
Analysis
Charles Taylor has agreed to acquire Southern California-based third party claim administrator (TPA) Metro Risk Management (MRM) from holding company Nautilus. 4 September 2017
Analysis
Zurich Insurance Group has appointed Alison Martin as group chief risk officer, effective January 2018. 1 September 2017
Analysis
Houston-based captive manager Capstone Associated Services has confirmed that it is still up and running in spite of Hurricane Harvey impacting large parts of east Texas. 1 September 2017
Analysis
As the captive market has grown and thrived it has also caught the attention of regulators at all levels. This is something of a double-edged sword for a sector that thrives on innovation, argues Robert Myers of law firm Morris, Manning & Martin. 1 September 2017
Analysis
Tenant Property Protection (TPP), an Arizona-based company that provides protection of tenant goods to self-storage owners and operators, has appointed captive insurance specialist Richard Marshall to its board of directors. 31 August 2017
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