GRM Captives
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Washington Insurance Commissioner issues cease-and-desist order on Microsoft captive
The Washington Insurance Commissioner has slapped a cease-and-desist order on a captive insurance company owned by Microsoft, for placing unauthorised…
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British Overseas Territories required to establish public registers of beneficial ownership
An amendment to the Sanctions and Anti-Money Laundering Bill has been passed by the House of Commons, which will force…
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Aon appoints John English as new CEO of Aon Captive & Insurance Management
John English is to become chief executive officer, Aon Captive & Insurance Management, with effect from 1 June 2018. He…
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Insurers relocating to Luxembourg due to Brexit drive major premium growth
Luxembourg’s insurance regulator, Commissariat aux Assurances, has revealed that the insurance sector saw all-lines combined insurance premiums increase by 10.11%…
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Designing Captives for Latin America
Risk management in large organisations has evolved considerably but the implementation of new approaches varies by region. Outside Latin America,…
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The implications of GDPR for captives
The EU General Data Protection Regulation (GDPR) comes into force on 25 May 2018 and will harmonise data protection rules…
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Tax concession heralds new push for Hong Kong captives
Hong Kong is bringing in tax concessions to further develop the territory as a captive domicile. Speaking at the annual…
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Marsh sees big increase in captives insuring US terrorism risk
More and more captives are insuring US terrorism risk, according to Marsh’s 2018 Terrorism Risk Insurance Report, produced with support…
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Continued growth in Bermuda (re)insurance registrations in 2018
The Bermuda Monetary Authority (BMA) has reported an increase in (re)insurance registrations in the first two months of 2018. Registrations…
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Peter Mullen to return to Artex as CEO
Peter Mullen is to rejoin Artex as CEO-elect, after seven years at Aon. He helped found Artex in 1997 and…
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Captives on standby for hard market
Captive insurers are looking to restructure captives to mitigate future increases in insurance rates and underwrite new lines of business,…
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Vermont updates captive insurance laws
Vermont has updated its captive insurance laws with regulatory enhancements for branch captives, and the standardisation of the state’s annual…
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Willis Towers Watson appoints head of Bermuda captive practice
Paul Bailie has been appointed as head of Willis Towers Watson’s Bermuda captive practice. Mr Bailie will be responsible for…
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Bermuda insurance sector sees continued growth in 2017
Bermuda registered 58 new insurers in 2017, ranging from captives and long-term re/insurers to special purpose insurers (SPIs), compared to…
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Captives coming of age in Asia
The use of captives as a strategic risk management tool is under development in Asia. The penetration of captives on…
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17 new captives licensed by Bermuda in 2017
Bermuda saw 17 new captives licensed in 2017 to bring the total active captive insurance licences to 739 on 31…
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USA Risk appoints new president and CEO
Captive management firm USA Risk Group has appointed Stephen Roseman as president and CEO. He will lead USA Risk’s operational…
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New Malta-based PCC for Marsh Captive Solutions
Marsh has formed a new protected cell company (PCC) domiciled in Malta. The formation of Mangrove Insurance Europe PCC follows…
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Artex launches subsidiary in Singapore
Alternative risk management solutions provider Artex has launched a subsidiary in Singapore, Artex Risk Solutions (Singapore). This is Artex’s first…
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US captive domiciles report growth in 2017
More US domiciles have reported strong growth in 2017, following the cases of Vermont and Arizona. Hawaii’s Department of Commerce…