Insurance buyers are becoming more confident in their captive utilisation as line of business and retentions increase, particularly amongst the largest insureds.
Bermuda has seen significant growth in its segregated accounts company (SAC) porfolio, with a “noticeable” increase in the number of registered cells, according to Timae Flood, deputy director of supervision for insurance at the Bermuda Monetary Authority (BMA).
The Vermont Captive Insurance Association (VCIA) is seeking an experienced individual with strong leadership and managerial skills to take on the role of president of the Association.
Bruce Molnar, co-founder and majority owner of Alta Holdings, LLC , U.S. Risk Associates Insurance Company Limited, and Newport Re, Inc, has reached a settlement with the Internal Revenue Service.
AM Best has affirmed the financial strength ratings of ‘A’ (excellent) and the long-term issuer credit ratings of “a+” (excellent) of Switzerland-domiciled Solen Versicherungen AG (SVAG) and Texas-domiciled Noble Assurance Company (Noble).
There was an optimistic tone to conversations concerning the potential UK captive regime at the Airmic conference this week, as industry readies itself for further engagement with regulators.
The Financial Services Commission of Barbados has launched a consultation, with questions on legal and structural framework, financial and capital requirements and licensing timelines, among other topics.
Brown & Brown has entered into an agreement to buy Accession Risk Management Group, Inc, which encompasses significant captive and cell books managed by Oxford Risk Management Group and Risk Management Advisors.
Richard is joined by three leaders in the Asia Pacific captive market to discuss activity and trends in Australia, Hong Kong, China and South East Asia.