Captives
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Strategic Risk Solutions launches medical stop-loss consulting firm for captives
A specialist underwriting and consulting services firm focused on the use of captives in medical stop-loss programmes has been launched…
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Strong year for captive formations in Delaware
Delaware licensed 56 new captives in 2019, according to the state’s insurance commissioner Trinidad Navarro. This compares with 46 captive…
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New captive solution for US emergency roadside assistance providers
A captive risk solution for emergency roadside assistance providers that are affiliated with the American Automobile Association (AAA) has been…
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French government plans to make France a more attractive jurisdiction for captives
The French government plans to make the country a more attractive jurisdiction for captives, as risk managers turn to alternative…
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US tax authorities to ‘vigorously pursue’ micro-captives
The end may be nigh for so-called ‘micro-captives’ in the US, following the news that the US Internal Revenue Service…
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Cayman reports solid growth in captives in 2019
The Cayman islands has seen 33 new licences issued during 2019, the same number as in 2018, bringing the total…
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New strategic planning service for captives from Strategic Risk Solutions
Captive management firm Strategic Risk Solutions (SRS) has launched a strategic planning and execution service available to any captive. According…
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US insurer ProSight Global to enter captive market
US property and casualty insurer ProSight Global is to expand its insurance solutions portfolio into the captive insurance market. The…
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Bermuda reports captive formation growth in 2019
Bermuda has reported a rise in captive insurance company formations in 2019, bringing the total number of captives in the…
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North Carolina’s captive sector continues to grow
The North Carolina Department of Insurance (NCDOI) licensed 26 new captive insurers and approved 61 new cells in 2019. This…
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Fiji looking at possible captive insurance legislation
Fiji is reported to be looking at the possibility of becoming a captive domicile, according to local newspaper Fiji Times.…
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Incorporated segregated accounts companies launched in Bermuda
Bermuda has introduced its latest company structure, the incorporated segregated accounts company, which the domicile said offers greater flexibilities and…
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Ferma and ECIROA flesh out proposals to boost proportionality for captives under SII
The European Insurance and Occupational Pensions Authority (EIOPA) must use this year’s Solvency II review to recognise that national supervisors…
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First crypto-custody captive formed in Bermuda
A captive has been launched in Bermuda that is the first in the world to insure crypto-custody. The new captive…
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Bermuda Monetary Authority appoints deputy CEO
The Bermuda Monetary Authority’s board of directors has appointed Craig Swan as deputy CEO. The Bermuda Monetary Authority said the…
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Vermont sees continued captive insurer growth
The State of Vermont licensed 22 new captive insurance companies in 2019, according to the Vermont Department of Economic Development.…
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Insurers join Europe’s risk managers in calling for stronger application of proportionality in SII
Insurance Europe, the body that represents the European listed insurance sector, and AMICE, the association of European mutual and cooperative…
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AMRAE president criticises insurers for ‘arbitrarily’ reducing capacity as shortfalls emerge
The president of French risk management association AMRAE, Brigitte Bouquot, has criticised insurers for “arbitrarily” reducing capacity for clients at…
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Peter Child appointed as head of Artex European Operations
Artex Risk Solutions has appointed Peter Child as head of Artex European Operations. In this role he will oversee its…
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Making the index link: how parametric solutions can help captives manage natural catastrophes risk
It is said that three in every four (or as many as 80% of) corporate insurance buyers have some form…