News
Law & regulation
Anderson Kill & Olick released a whitepaper arguing that the NRRA was probably not intended to apply to captives— but that might not matter when it comes to enforcing the legislation. 1 March 2013
Actuarial & underwriting
The insurance industry is paying increasingly close attention to providing, strengthening and marketing
coverage for cyber and supply chain risk. EMEA Captive spoke with the industry about ‘emerging’ lines. 28 February 2013
Bermuda analysis
Gunther Saacke has been appointed Q-Re’s new CEO. Q-Re, a subsidiary of the Qatar Insurance Company (QIC), is hoped to become one the world’s top multi-line reinsurers under Saacke’s lead. 28 February 2013
Feasibility studies analysis
Marble Re, a single parent captive of Japan’s Marubeni Corporation domiciled in Micronesia, has been assigned a financial strength rating of A- (Excellent) and issuer credit rating of “a-” by AM Best. The outlook assigned to both ratings is stable. 27 February 2013
Executive Appointments
Willis Group has announced that its deputy chairman, Martin Sullivan will be leaving the firm in May to pursue other interests. 26 February 2013
Executive Appointments
Raymond Farmer’s appointment as director of the South Carolina Department of Insurance has been confirmed by the state’s senate. 25 February 2013
Analysis
AM Best affirmed their rating of Vermont-domiciled Gateway Rivers Insurance Company, which provides insurance coverage to subsidiaries of AT&T. 22 February 2013
Analysis
Ongoing uncertainty regarding the deadline and implementation of Solvency II are creating regulatory fatigue among European re/insurers, says KPMG in a new report. 21 February 2013
EMEA analysis
Gabriel Bernardino of EIOPA has promised to deliver a set of Solvency II implementation guidelines for consultation in the spring and due to be tabled at the EIOPA board of supervisors by autumn. 20 February 2013
Feasibility studies analysis
Lumerica Insurance Company, a subsidiary of BASF Americas Corporation, has begun operations in New Jersey where it has redomiciled from Vermont. 19 February 2013
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