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Law & regulation
Alabama State Senator Greg Reed and State representative David Faulkner have been honoured by the Alabama Captive Association for their work on passage of a major update to Alabama’s Captive Law. 22 September 2016
Bermuda analysis
Crosswinds Holdings has created Crosswinds Re, a new specialty Cayman reinsurance company. Crosswinds Re has been issued a license from the Cayman Islands Monetary Authority (CIMA) to operate as a Class B(iii) reinsurer. 19 September 2016
Actuarial & underwriting
Verve Risk Partners (Verve) is a new cell created on the Castel Underwriting Agencies (Castel) MGA formation platform to target US professional and management liability risks, focusing on captives and insurance companies. 19 September 2016
Analysis
In a post-Solvency II world and against the backdrop of the UK’s leaving the EU, Malta can offer companies a robust regulatory regime, access to Europe and innovative structures such as protected cell companies and ILS, Penny Hudson at Artex Risk Solutions tells Monte Carlo Today. 14 September 2016
EMEA analysis
Greenlight Reinsurance Ireland, a subsidiary of Greenlight Capital Re, has entered into an agreement with Kattan Associates. 14 September 2016
EMEA analysis
Rating agency AM Best has affirmed the ratings of Eni Insurance, the captive insurer of Italian gas and oil company Eni. 12 September 2016
USA analysis
Re/insurance broker BMS Re US has acquired Texas-based Advocate Reinsurance Partners as it seeks to strengthen its commitment to the US markets. 10 September 2016
EMEA analysis
The Federation of European Risk Management Associations (FERMA) has launched a campaign to change misperceptions of captive insurance by tax authorities and other public bodies. 10 September 2016
Cayman analysis
The Cayman Islands captive insurance industry will attend the 2016 Risk and Insurance Management Society (RIMS) Canada Conference which is being held in Calgary September 11 to 14. 10 September 2016
USA analysis
Atlas Insurance Management (Atlas), a Charlotte-based captive insurance management firm, has received approval from the South Carolina Department of Insurance to act as an insurance manager for captive business in the state. 9 September 2016
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