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USA analysis
AM Best has affirmed the financial strength rating (FSR) of A (Excellent) of the property/casualty subsidiaries of AmTrust Financial Services, including AmTrust Captive Solutions, which are collectively known as the AmTrust Group. 8 July 2016
USA analysis
Reinsurance Group of America (RGA) has completed a transaction with an unnamed life insurance company to provide VM20, a principle-based reserving instrument, for a block of term life insurance. 6 July 2016
USA analysis
Megalodon Insurance Systems has introduced a client-centered policy and claims management software aimed at captive managers, risk retention groups and small to medium-sized insurers. 5 July 2016
EMEA analysis
Risk managers are giving greater consideration to how they will finance increasing risk exposures, such as terrorism, as socio-political events intensify, according to JLT. 4 July 2016
USA analysis
Tennessee-based captive insurance companies have given a $436 million boost to the state through direct and indirect spending from new jobs, investments and deposits, according to an annual survey given by the Tennessee Department of Commerce & Insurance’s (TDCI) Captive Insurance Section. 1 July 2016
Analysis
The representative body of Guernsey insurers and insurance managers, the Guernsey International Insurance Association (GIIA), has signed Memorandums of Understanding (MoU) with both the China Captive Alliance and the regional government of Kashgar. 29 June 2016
USA analysis
David Ige, the Governor of Hawaii, has commemorated the 30th anniversary of the establishment of Hawaii’s captive insurance industry. 28 June 2016
EMEA analysis
Guernsey, the largest captive domicile in Europe, is well placed to ensure there is minimal impact on its trading relationships and will put in place any required alternative trading agreements, according to Guernsey Finance, motional agency for the island’s finance industry. 27 June 2016
EMEA analysis
As a consequence of the UK leaving the European Union, Gibraltar could become more attractive for captives, according to law firm Hassans. Gibraltar insurers will mull relocating to EU but captives may benefit and insurers writing UK business not affected, the firm noted. 27 June 2016
USA analysis
Dennis Harwick, president of the Captive Insurance Companies Association (CICA), has revealed he will retire from his current position at the end of June, 2017. 24 June 2016
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