GRM Captives
-
August 21, 2023
Bermuda and Aon agree to action on Vesttoo cells
Bermuda’s insurance regulator has agreed with Aon to appoint provisional liquidators for cells associated with troubled reinsurance intermediary Vesttoo that…
-
August 16, 2023
Airmic interested in a UK captive regime but not under Solvency II
Airmic has told Commercial Risk Europe that it supports moves to introduce an onshore captive regime in the UK but…
-
August 16, 2023
Captive sector examines collateral issues in wake of Vesttoo
The fallout from the scandal surrounding insurtech Vesttoo is a wakeup call for the captive sector and will likely lead…
-
August 15, 2023
Aon’s White Rock files for $137m in collateral from Vesttoo
Aon unit White Rock has launched legal action to recover $136.7m in reinsurance collateral paid to troubled insurtech Vesttoo, which…
-
August 14, 2023
Rated captives will continue to outperform market, says Best panel
Rated captives outperformed commercial line insurers in 2022 and this is expected to continue, according to a panel of AM…
-
August 11, 2023
Vermont captive regulator seeks details of Vesttoo exposure
Vermont’s captive regulator has sent a notice to captive managers and service providers in the state asking them if they…
-
August 10, 2023
Captives increasingly offering ways to address emerging risks, say panellists
Businesses are increasingly looking to captives to address emerging risks as commercial insurance market conditions remain difficult, experts say. Demand…
-
August 4, 2023
AM Best-rated captives post strong year in 2022
AM Best-rated captive insurance companies doubled pre-tax operating income in 2022 over the previous year and recorded the largest increase in…
-
August 2, 2023
New managing director of SRS Benefit Partners
Jeff Fitzgerald has rejoined Strategic Risk Solutions (SRS) as managing director of SRS Benefit Partners, a new division of SRS supporting…
-
July 25, 2023
Ferma increasingly hopeful SII reforms will change landscape for captives
Ferma has told Commercial Risk that it is increasingly hopeful that the ongoing review of Solvency II will usher in…
-
July 19, 2023
Parliament backs Solvency II compromise that looks set to benefit captives
The European Parliament’s economic affairs committee has backed a compromise on reforms to Solvency II that rapporteur Markus Ferber, the…
-
July 17, 2023
A central role for captives
Captives have an important role to play when it comes to ESG, from identifying risks and providing innovative coverage, to…
-
July 11, 2023
MSL Captive Solutions brings new capacity in MGU deal with Everest Re
MSL Captive Solutions, the specialist underwriting and consulting services firm focused on the use of captives in medical stop-loss (MSL)…
-
July 11, 2023
Strategic Risk Solutions names new Latam head
Strategic Risk Solutions (SRS) has named Luis Delgado as regional director in Latin America as it looks to expand in…
-
July 6, 2023
India prepares insurance law reform to allow captives
The Indian government plans to introduce legislation during Parliament's monsoon session beginning on 20 July to implement comprehensive reforms in…
-
July 4, 2023
Iowa opens door to captive insurers
Iowa became the latest state to allow captive insurers on Friday after its captive legislation took effect. The law, Senate…
-
June 21, 2023
Experts say Lloyd’s captives could take off this year
Captives could be operating in Lloyd’s within the next year, as risk managers show growing interest in the market’s global…
-
June 19, 2023
US state Iowa introduces captive legislation
Iowa is the latest US state to introduce specific captive legislation. Iowa governor Kim Reynolds has signed S.F. 549, “providing…
-
June 18, 2023
Time is ripe to build captives and ART in Spain
Spanish risk managers agree that the hard market has forced a healthy review of risk financing and retentions. They would…
-
June 6, 2023
SRS Luxembourg appointed as Knauf’s captive manager
Strategic Risk Solutions (SRS) Luxembourg has picked up its first German client with its appointment by Knauf, one of the world’s…