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AM Best has affirmed the A (Excellent) financial rating of Bermuda-based Transmonde Services Insurance Company, citing strong operating performance and excellent risk-adjusted capitalisation. 10 April 2014
article
Connecticut’s insurance industry is watching the progress of Senate Bill 188 with interest, in anticipation of an update of the state’s captive laws. 9 April 2014
Executive Appointments
JLT has promoted Steve Arrowsmith and Kilian Whelan to lead JLT Insurance Management’s global operations. 9 April 2014
article
The proliferation of captives and captive domiciles is making the domestication decision an increasingly tough one. Parents need to weigh their decision increasingly carefully. 8 April 2014
article
Marsh in Guernsey is celebrating 40 years of captive management operations on the Island by launching ‘Guernsey 40:40’, with employees taking part in 40 charitable events. 4 April 2014
Analysis
Risk Reinsurance, the captive of Transpower New Zealand, the state-owned operator of the country’s electricity grid, has had its financial strength rating downgraded from A+ to A by AM Best. 3 April 2014
Analysis
Delaware’s Captive Insurance Association has voiced its opposition to the NAIC’s Rector Proposal, which intends to limit the flexibility of assets used to support insurance reserves and may impact the value proposition of life reinsurance captives. 31 March 2014
Cayman analysis
Cayman premier, Alden McLaughlin defended Cayman’s tax record on BBC’s HARDtalk arguing that the Island is in fact more tax transparent than the UK. 28 March 2014
article
FERMA has asked that the EU not to intervene in the regulation of national insurance contracts, arguing that such an approach will jeopardise the market’s ability to write large cross-border risks. 27 March 2014
EMEA analysis
FERMA has asked the EU not to intervene in the regulation of national insurance contracts, arguing that such an approach will jeopardise the market’s ability to write large cross-border risks. 27 March 2014
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