Captives
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New leadership at Lufthansa captive
Cologne-based Delvag Versicherungs-AG, the insurance arm of German airline Luftahansa, has appointed two experienced underwriters – Dennis Heinen and Markus…
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Ferma makes breakthrough on captive treatment under Solvency II
The French presidency of the Council of the EU and the European Parliament’s rapporteur driving revisions to Solvency II have…
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Protected cell companies set to continue growth
The rise of protected cell captives (PCC) in the US during the past few years, driven by challenging conditions in…
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Market easing for multinational insurance but growing role for captives
Market conditions are easing for global programmes but rates are still increasing, and if insurers push buyers too far, more…
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IRS targets Puerto Rican captive insurance arrangements
Certain captive arrangements have again appeared on the US Internal Revenue Service’s (IRS) Dirty Dozen list for 2022, which includes…
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Vermont allows captives to issue parametric coverage
Vermont will allow captives domiciled in the state to cover and buy parametric risk transfer products, which pay claims based…
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Risk management and captives key for construction buyers seeking SPPI cover
Risk management and captives are increasingly crucial for construction firms wanting to access the extremely tough single-project professional indemnity (SPPI)…
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Delvag reports profit and premium increase as aviation sector recovers
Delvag Versicherungs, the insurance operation of Germany’s Lufthansa Group, has posted decent figures for 2021 partly on the back of…
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SRS Europe opens second office in Luxembourg
Strategic Risk Solutions (SRS) has continued its expansion in the European market with the addition of a second office in…
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Ferma continues battle to get proportionate captive treatment under Solvency II
The European risk management federation Ferma has held two recent meetings with the French government, which holds the presidency of…
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US Internal Revenue Service could improve offshore insurance investigations, says GAO
The US Internal Revenue Service (IRS) could improve its reviews of offshore insurance audits and investigations, and in particular better…
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Captives are natural fit for ESG, says Marsh
Captives have a role to play in ESG, especially on the governance side, according to Marsh. Speaking to AM Best…
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Alberta introduces bill to boost reinsurance and captives in province
A bill to amend Alberta, Canada’s insurance legislation has been introduced, which the provincial government said would spur Alberta-grown insurance…
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Big increase in Bermuda captives’ cyber premiums in 2020, says BMA report
Bermuda has seen a huge increase in cyber insurance being written by captives in the domicile. According to the Bermuda…
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Outgoing Narim president urges buyers to look for positives in hard market
Adri van der Waart, outgoing president of the Netherlands association of risk and insurance management (Narim), has urged his colleagues…
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US captive market booming as domiciles report record figures
The US captive market has grown rapidly in the last few years, both in terms of the number of state…
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UK to revisit captive and ILS regulation
The UK looks set to review legislation on captives and insurance-linked securities (ILS) as the country aims to bolster the…
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Airmic reports more ambitious use of captives in tough market
Risk and insurance managers are becoming more ambitious in how they use their captive, taking on more third party risks…
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Guernsey strategic review sees captives offering growth opportunity
A strategic review of Guernsey’s insurance sector has found that captives offer the best new business growth opportunity as a…
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Captive sector growing but tax and regulatory threats remain, says CICA president
The captive industry is booming with record numbers but there is still an ongoing threat from regulators and tax authorities,…
