Bermuda-based Nissan Global Reinsurance, which provides property, casualty and “extended service contract business” to the car manufacturer, has had its A- (Excellent) rating affirmed by AM Best. 25 September 2013
The Hawaii Captive Insurance Council (HCIC) announced this week that the domicile’s captives closed out 2011 with just over $14 billion in assets. 23 September 2013
A recent report by Fitch Ratings has raised the spectre of the dumbing down of regulatory oversight by some jurisdictions as the number of captive domiciles increases. 16 September 2013
David Cameron, prime minister of the United Kingdom, has made it clear to his parliament that he does not consider offshore territories like Guernsey and Jersey to be tax havens. 16 September 2013
Wilmington Trust has hired Joanne Shaver as captive account manager for the company’s captive management services division in Delaware. 16 September 2013
Guernsey has signed tax information exchange agreements (TIEAs) with Hungary and Switzerland, taking its tally of TIEAs to 46—16 of which are with members of the G20. 16 September 2013
With captives writing increasing levels of employee benefits, closer attention will need to be paid to Solvency II’s second pillar—concerning corporate governance—says Towers Watson. 4 September 2013
