GRM Captives
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US captive manager files another lawsuit against IRS
US captive manager CIC Services has filed a second lawsuit against the US Internal Revenue Service (IRS). The complaint, filed…
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SiriusPoint partners with Holmes Murphy on captive umbrella excess insurance
Specialty (re)insurer SiriusPoint is partnering with one of the largest independent insurance brokerages in the US to launch a captive…
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Captives seen as vehicles for covering climate-related exposures
As catastrophe losses rise due to increased climate-related events, captives can be used to manage the exposures better, experts say.…
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French firms still looking at Luxembourg for their captives
Despite a flurry of new onshore captives in France, some French companies are still looking to create their risk retention…
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Proactive claims management can curb large verdicts
As ‘nuclear verdicts’ rise, companies should take a proactive approach to risk and claims management, a panel of experts said…
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European regulators set to ease requirements for captives
European captive owners face significant regulatory hurdles, but potential changes could reduce the number of filings companies need to make,…
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Good cyber risk intelligence needs real data, not hypotheticals
Good cyber risk intelligence is key to writing the business in a captive, and that means instant real-time objective data…
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Marsh appoints Americas captive consulting leader
Marsh Captive Solutions has promoted Julie Patel to Americas captive consulting leader. Patel succeeds Michael Serricchio, who was recently named…
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Airmic members spend more than £5.1bn in annual premium through captives
Captives are a valued and trusted risk financing tool for UK companies, according to an Airmic member survey that finds…
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Aon launches employee benefits cell captive facility
With rising healthcare costs and growing demand for customised benefits, Aon has launched an employee benefits cell captive facility. The…
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Marsh appoints captive leader for US and Canada
Marsh Captive Solutions has promoted Michael Serricchio to the newly created position of regional leader for the US and Canada.…
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Captive manager sentenced to nine months in prison
A South Carolina-based captive manager has been sentenced to nine months in federal prison for money laundering. Peter J. Strauss,…
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Owners make strategic use of AI in captives
Captive owners and managers in the US are already using artificial intelligence to improve efficiency, and the technology will be…
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Latin American captives grow despite challenges
The number of captives formed by Latin American companies has doubled over the past decade as owners overcome various political…
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Airmic urges government to create graded UK captive regulatory regime
Airmic has told a government consultation that it wants a class-based or graded regulatory regime for captives in the UK,…
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Captives set for continued growth, says III economist
Rising prices in the commercial insurance market will likely lead to an increase in the number of captive insurers for…
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Increased capacity expected to further soften reinsurance pricing
Increased capacity should drive reinsurance pricing down this year, but the California wildfires will likely slow the rate of property…
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Number of French captives could climb to 150 in ten years
France could host up to 150 reinsurance captives ten years from now after implementing new tax and accounting rules in…
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ENI’s Italian captive rated ‘excellent’ by AM Best
AM Best has assigned a financial strength rating of A (Excellent) and a long-term issuer credit rating of a (Excellent)…
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Ferma working to spread French captive rules across Europe
Ferma has told Commercial Risk that it believes the new French captive regime has “clear potential to be replicated in…