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Analysis
A.M. Best Asia-Pacific has affirmed the financial strength and issuer credit rating of Bermuda captive Evergreen Reinsurance Company at A (excellent) and “a”, respectively. 20 November 2013
Analysis
Isosceles Insurance Ltd has been assigned a financial strength rating of B++ and an issuer credit rating of “bbb+” by A.M. Best. 18 November 2013
Analysis
According to Senate Bill 734, parent companies must have significant operations in Texas in order to establish a captive. 15 November 2013
Analysis
According to Alan Kandel, business development manager at AM Best, challenges relating to pricing and availability of coverage in the commercial market have pushed more captives to seek a rating. 12 November 2013
Analysis
Generally considered the realm of multinational corporations, some smaller companies are also suited to take advantage of the captive option for reputation risk according to Eric Fauerbach, CEO of Alterra Risk Management. 11 November 2013
Actuarial & underwriting
Law firm Appleby’s review of the offshore market has found that finance and insurance transactions are powering the offshore M&A market. 8 November 2013
Actuarial & underwriting
Vermont-domiciled Agrinational Insurance Company has received an A- (Excellent) rating affirmation from AM Best as the captive maintains its strong operating performance. 8 November 2013
Accounting & tax analysis
Guernsey, which just signed its 50th Tax Information Exchange Agreement (TIEA), has been commended for its leadership by the Organisation for Economic Cooperation and Development (OECD). 6 November 2013
Cayman analysis
Law firm Carey Olsen has appointed Sophia Harrison to its Cayman team as an associate in the litigation and dispute resolution group. 5 November 2013
Analysis
Guernsey will be promoting its financial services sector in China this November, with the Island’s chief minister, commerce and employment minister, director-general of the Guernsey financial services commission and head of Guernsey Finance leading a commission to Beijing. 1 November 2013
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