Thursday, May 9, 2024

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Singapore licenced 5 additional captives in 2023

Singapore licensed five new captives in 2023, while there were zero dissolutions, taking the total number of captives domiciled in the jurisdiction to 87.

Guernsey trusted location for pension scheme longevity swaps

Guernsey is a popular European domicile for many UK defined benefit (DB) pension scheme longevity swaps, according to Christopher Anderson, partner at law firm, Carey Olsen.

AM Best upgrades rating of Signet Jewelers captive

AM Best has upgraded the long-term issuer credit rating to “bbb+” (good) from “bbb” (Good) and affirmed the financial strength rating of B++ (good) of Texas-domiciled Zale Indemnity Company (ZIC).

AstraZeneca captive introduces business resilience policy

AstraZeneca has implemented a five year business resilience insurance policy that will help protect against supply chain disruption, reputational damage and product withdrawal.

Cells still not wholly embraced by Europe, US domiciles increasingly attractive – Jelto Borgmann

Companies in certain European countries are less likely to utilise cells than others, according to Jelto Borgmann, captive portfolio manager at HDI Global.

Flagstone International enters captive market

Flagstone International has partnered with Strategic Risk Solutions to allow its European clients access to the cash deposit aggregator’s platform.

Pfizer captive gets AM Best rating affirmed

AM Best has affirmed the financial strength rating of ‘A’ (Excellent) and the long-term issuer credit rating of ‘a+’ for Blue Whale Re Ltd, domiciled in Vermont. The outlook for the ratings is stable. Blue Whale is owned by pharmaceutical...

Cayman emerging as Bermuda alternative – Adrian Lynch

The Cayman Islands is emerging as an alternative to Bermuda for reinsurers and captives, according to Adrian Lynch, CEO at Blue Ocean Reinsurance Group.

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LATEST PODCASTSLogo

GCP #102: Matthew Reddington RMC case, Loren Crannell on Juul Labs captive

Richard is joined by Matthew Reddington, at ZMF Law, to discuss the recent RMC Group court victory, and Loren Crannell, who explains why a captive has been such an important business enabler for Juul Labs.

GCP #101: The Boys Town captive, and MAC on life after regulating

Richard is joined by David Williams, Director of Risk Management & Safety at Boys Town, to discuss the Tennessee-captive formed by the not-for-profit in 2022, and former regulator Michael Corbett.

GCP Short: Captive utilisation by Family Offices

This GCP Short, featuring EY's Mikhail Raybshteyn and Spring's Prabal Lakhanpal, focuses on captive utilisation by Family Offices.

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