Wednesday, July 24, 2024

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Arizona assessing statute updates on dormancy, minimum capitalisation, and fees

Arizona is considering changes to its legislation that would allow captives to register as dormant, in addition to reducing minimum capitalisation requirements for captives that are not single parent.

Fitch affirms ‘BBB’ rating of Vale S.A’s captive

Fitch Ratings has affirmed Monticello Insurance Pte’s insurer financial strength (IFS) rating at 'BBB' with a stable rating outlook.

Kindstedt promoted to president of Advantage Insurance Management

Advantage Insurance has promoted Christina Kindstedt to president of Advantage Insurance Management (USA) LLC.

AM Best affirms rating of Quanta Services captive

AM Best has affirmed the Financial Strength Rating of ‘A-‘ (excellent) and the long-term issuer credit rating of “a-” (excellent) of Texas-domiciled Quanta Insurance Company. The outlook for the ratings is stable.

Christina Bell to lead Davies’ captive operation in Guernsey

Experienced captive manager Christina Bell will join Davies later this year  as executive vice president for the firm’s captive management division in Guernsey.

Artex adds Bee Insurance Management to Malta business

Artex has expanded its Malta presence by completing the transition of Bee Insurance Management into its Artex EMEA business.

National Grid captive affirmed ‘Excellent’ by AM Best

The Isle of Man pure captive owned by National Grid plc has had its financial strength rating affirmed ‘A-‘ (Excellent) and its long-term issuer credit rating affirmed as “a-” (Excellent).

Solvency II reform should bring more consistency – FERMA

The Federation of European Risk Management Associations (FERMA) is hopeful there will be more regulatory consistency between EU captive domiciles once Solvency II reform is implemented, but questions remain over implementation.

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GCP #107: Solvency II reform and Q2 investments update

Richard brings insight from FERMA on the recent Solvency II reforms that should bring some regulatory relief to EU-domiciled captives, and London & Capital provide the Q2 investments update.

GCP Short: Managing EB claims to add value to your captive programme

Richard is joined by ZGEBS' Chris Mason, Aon's Sander Brentjes and Jenny Woods, at Zurich Corporate Risk, to discuss what is involved in EB claims management.

GCP #106: Stephen Cross on captive past, present and future

Richard sits down with Stephen Cross, Group COO & Head of Innovation & Strategy at broker McGill & Partners, to discuss his captive past, present and future.