Property is now the fastest growing line of insurance written by captives managed by Marsh, with 29% more captives under management insuring the volatile line compared to last year.
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 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 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 has implemented a five year business resilience insurance policy that will help protect against supply chain disruption, reputational damage and product withdrawal.
Companies in certain European countries are less likely to utilise cells than others, according to Jelto Borgmann, captive portfolio manager at HDI Global.
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...
The Cayman Islands is emerging as an alternative to Bermuda for reinsurers and captives, according to Adrian Lynch, CEO at Blue Ocean Reinsurance Group.
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.
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.