Captives
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Aerospace firm Safran gets go-ahead for French captive
The first transfer of a captive business from Luxembourg to France could be underway as French authorities agreed a new…
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Budget dashes industry’s hopes for UK captive announcement
Hopes that the UK government would use yesterday’s budget to announce a much-anticipated consultation for a captive regime in the…
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Macquarie Insurance Facility launches rent-a-captive
A new rent-a-captive insurance solution for property and casualty related risks has been launched by Macquarie Insurance Facility, one of…
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Eiopa keeping close eye on increasingly complex captives
Despite likely new rules around proportionality under Solvency II, growing placement of cyber risk in captives and wider use of…
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Captive owners urged to implement UN sustainable insurance goals
Captive owners are being urged to sign up to the UN Principles for Sustainable Insurance that can help them take…
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Most EU captives will benefit from Solvency II changes, says Ferma
The majority of EU-domiciled captives should fall under new criteria that will benefit them and their parent companies from greater…
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Captives turning attention to cyber
Italian companies are increasingly interested in covering cyber risks because traditional risk transfer options are not meeting their needs, according…
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Another Italian firm gets approval to set up captive at home
A third Italian company has been given the green light by Italian regulator IVASS to domicile its captive at home.…
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Marsh names Thomas-Ferrand to lead captive business
Marsh has named Will Thomas-Ferrand as head of its captive insurance business. He will take up the role on 1…
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Captive interest rising in Germany despite BaFin’s strict approach
The GVNW is seeing a continued “strong interest” in captives among members and many are carrying out feasibility studies with…
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EU captives may have to comply with highest cybersecurity standards
European-based captives will face an addition regulatory burden when the EU’s new financial services cybersecurity rules kicks in next January…
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LMG confident of UK captive consultation this year
The London Market Group (LMG) is confident that the UK will open its long-awaited consultation on an onshore captive regime…
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Market expertise playing catch up with French captive boom
The number of home-grown French captives has grown quickly since France adopted new rules a year ago and there are…
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Food group sets up French-based captive
Food producer Agrial is the latest company to set up a reinsurance captive in France. The company registered the formation…
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Captive Sigurd Rück’s ratings upgraded after owner’s turnaround
The financial strength rating of Swiss captive Sigurd Rück has been upgraded after AM Best recognised improvement in the credit…
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Property captives expand, form basis of alternative programmes
Captives have increasingly been used to cover property risks for US firms over the past five years as commercial insurance…
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Green exposures steer energy companies to captives
Concerns over climate change are driving more companies to embrace green technology, but the move is changing the nature of…
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Captive owners advised to tread carefully with cyber risks
Cyber liability risks can be effectively covered through captive insurers, but organisations should scrutinise their potential exposures and the consequences…
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Best-rated US captives saw 53% increase in net income in 2023
US captive insurance companies rated by AM Best reported a 53% increase in net income in 2023 together with surplus…
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New executive VP for Davies’ Guernsey captive management division
Christina Bell is to join Davies later this year as executive vice-president for the firm’s captive management division in Guernsey.…