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EY in Bermuda has appointed a new leader of its captive insurance practice. 9 June 2017
Accounting & tax analysis
Ministers and high-level officials from 76 countries and jurisdictions have signed a multilateral BEPS convention to close loopholes in tax treaties and reduce opportunities for tax avoidance by multinational enterprises. 8 June 2017
Law & regulation
Legal firm Drinker Biddle & Reath has announced that former chief deputy commissioner and general counsel for the California Department of Insurance John Finston has joined it as a partner at the firm’s San Francisco office. 7 June 2017
Analysis
Ratings agency AM Best has affirmed the financial strength rating of A- (Excellent) of Builders Re and Builders Directs, two Luxembourg-based subsidiaries of HOCHTIEF, a German construction company. 5 June 2017
Analysis
XL Catlin, which underwrites non-traditional re/insurance solutions for corporate clients and captives, is expanding its structured risk solutions operations to the US with the appointment of Aiden Joo as senior underwriter, based in New York. 5 June 2017
Analysis
Recent legislation passed in Vermont which allows agency captives to operate there will make the domicile even more attractive, according to AM Best. 5 June 2017
Analysis
To convince large members to join with smaller members, and vice versa, the prospective premium rating system needs to take account of loss experience. Hugh Rosenbaum, captive consultant and retired principal of Willis Towers Watson, explains the principle of proportional parity. 5 June 2017
Analysis
Greenlight Capital Re, a Cayman Islands-based provider of reinsurance solutions to insurers, risk retention groups and captives, has appointed Simon Burton as its CEO, effective July 1. 2 June 2017
Analysis
Christopher Lajtha of France-based independent risk management resource Adageo explains why a captive insurance company can represent a very effective management tool, notwithstanding the costs of operating it. In the second of three articles he addresses the issues surrounding centralised insurance procurement and strategy. 1 June 2017
Analysis
Senior corporate leaders have praised Bermuda’s world-class talent, innovation, respected regulation, and ease of doing global business from the island in Bermuda’s Business Development Agency’s (BDA) new testimonial campaign video. 31 May 2017
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