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Strategic Risk Solutions Europe (SRS Europe) has introduced a carbon emission risk programme to be run in conjunction with Kenneth Miger of Carbon Risk Solutions. 1 March 2018
Analysis
Bermuda’s insurance industry registered a total of 58 new insurers, ranging from captives and long-term re/insurers to special purpose insurers (SPIs), compared to 42 in 2016, according to Bermuda Monetary Authority (BMA) statistics. 1 March 2018
Analysis
The State of Nevada issued 22 captive insurance licenses in 2017. 1 March 2018
Analysis
There is an increasing appetite from multinationals to explore the benefits that captives bring when reinsuring employee benefits programmes, says Matthias Helmbold, head technical & services, MAXIS Global Benefits Network. 28 February 2018
Analysis
Chemung Financial Corporation, financial services holding company and parent of Nevada-domiciled captive insurer Chemung Risk Management, has elected three new individuals to its board of directors. 28 February 2018
Analysis
The State of Georgia licensed 18 new captive insurance companies in 2017. 27 February 2018
Accounting & tax analysis
Mid-size companies are continuing to see the benefit of captive insurance solutions, such as US captives that make the 831(b) election, despite negative stories labeling them as tax shelters or instances of poorly structured captives being taken to court. 26 February 2018
Analysis
AM Best has affirmed the Financial Strength Rating of A (Excellent) of Queen City Assurance and Vine Court Assurance, two single-parent captive insurance companies of the United States' second-largest retailer, The Kroger Co. 26 February 2018
Analysis
The government of the Pacific Island country Tonga has received a $3.5 million pay-out from the Pacific Catastrophe Risk Insurance Company (PCRIC) following Cyclone Gita, a Category 4 cyclone that struck the islands on February 12, 2018. 26 February 2018
Analysis
Ratings agency AM Best has affirmed the financial strength rating of A- (Excellent) of Prism Assurance, the captive insurance company of Apogee Enterprises, an architectural glass, metal and installation business for commercial buildings. 22 February 2018
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