French multinational aerospace and defence corporation, Safran has received approval to re-domesticate its Luxembourg captive to France to form Soreval France.
London-based Verve Risk Services new ‘Micro-Captive Defender’ product will initially provide a $250,000 limit to 831(b) captives embroiled in legal disputes with the Internal Revenue Service (IRS) in the United States.
MIJS Captive Management has partnered with commercial property and casualty (P&C) underwriters, I–RE, to enable MIJS’s “high performing” mid-market clients to take on some of their own risk in a standalone captive.
AM Best has affirmed the financial strength rating of A- (excellent) and the long-term issuer credit rating of “a-” (excellent) of Micronesia-domiciled Marble Reinsurance Corporation (Marble Re). The outlook of these credit ratings is stable.
HDI Global has reorganised its Paris-based alternative risk transfer (ART) unit, HDI Enablers, with Eric Joly-Pottuz taking over the management of the department from Etienne de Varax.
Extensive claims data is signalling increasing instances of cancer diagnosis and a rising cost per claim, while captive strategies give employers more options to intervene and respond.
In this GCP Short, Richard is joined by Nicola Fordham and Dr Leena Johns, of MAXIS GBN, to discuss how data on rising cancer claims can inform programme design, treatment choice and preventative measures.