GRM Captives
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Buyers turning to captives in hardening market
The hardening insurance market is fuelling demand for captives as European buyers seek to mitigate price increases and capacity shortages,…
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Ferma puts forward SII solution for captives
Ferma has presented a “concrete proposal” to European regulators for simpler, harmonised and more consistent Solvency II rules for captives…
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Bermuda introduces incorporated segregated accounts legislation
Bermuda has introduced legislation that allows for the creation of segregated accounts, or cells, with separate legal status. According to…
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Best affirms financial strength rating of Italian energy firm’s Irish-based captive
The Ireland-based captive of Eni SpA, a multinational energy company based in Italy, has had its financial strength rating of…
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New leader of Willis Towers Watson’s global captive practice
Willis Towers Watson has appointed Peter Carter as the new leader of its global captive practice within its corporate risk…
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Single coordinated cyberattack could cause $40bn insured losses, hammer global reinsurance surplus and hit captives
The growing focus of insurers and reinsurers on the potentially catastrophic impact of so-called silent cyber cover held within traditional…
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Two Cayman-based captives acquired by run off firm RiverStone
Insurance run-off management company RiverStone has acquired two Cayman-based captives, in its first move into the captive sector. RiverStone said…
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Malta sees ‘second wave’ of broker cell companies
Malta as an insurance jurisdiction has long pushed its EU credentials in terms of passporting into the EU, but with…
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DARAG Guernsey acquires Thames Water captive
Guernsey-based captive (re)insurer Thames Water Insurance Company Limited (TWICL), which has been in run-off since 2005, has been acquired by…
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Artex to acquire ILS specialist Horseshoe Insurance Services
Artex Risk Solutions is to acquire Horseshoe Insurance Services Holdings, a Bermuda-based insurance management firm specialising in insurance-linked securities (ILS).…
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The role of captives in managing cyber risk
The threat of a cyberattack ranks at or near the top of most risk managers’ lists of concerns. Managing and…
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US broker Holmes Murphy acquires Global Captive Management
US insurance broker Holmes Murphy has acquired independent captive management firm Global Captive Management (GCM). Holmes Murphy is one of…
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Global programme market conditions more favourable for buyers
An influx of new players into the multinational insurance programme market has helped offset consolidation among key carriers in the…
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Guernsey reports strong captive interest in second half of 2019
Guernsey’s captive insurance market is seeing a large increase in inquiries in the second half of 2019, according to Guernsey…
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AXA XL launches Canadian captive practice
AXA XL has launched a local captive practice in Canada, to address growing demand for captive and alternative risk transfer…
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Anne Marie Towle to head up Hylant’s captive business
Anne Marie Towle has joined US broker Hylant to head up its global captive solutions business. She was previously executive…
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CICA taskforce to help women advance in captive industry
The Captive Insurance Companies Association (CICA) has launched a new initiative to support women in the captive industry and close…
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New US construction group captive programme from Artex
Alternative risk management solutions firm Artex has launched a new group captive programme, which has been designed specifically for construction…
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HSBC Bank (UK) Pension Scheme in £7bn longevity swap
A longevity swap has been announced involving the HSBC Bank (UK) Pension Scheme and Prudential Insurance Company of America (PICA).…
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Awareness and demand for compliance driving captive growth in Labuan
Growing awareness of the benefits of captives among Asian companies, combined with greater scrutiny of how corporations manage their taxation…