Monday, February 26, 2024

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AM Best assigns ‘excellent’ rating to Related Companies captive

AM Best has assigned a financial strength rating of A- (excellent) and a long-term issuer credit rating of “a-” (excellent) to Vermont-domiciled Relsure Vermont. The outlook for the ratings is stable.

GCP Short: Implementing a new captive investment strategy

Richard is joined by Shadrack Kwasa, executive director at London & Capital, and Adele Gale, Deputy Managing Director of Robus Group in Guernsey, to discuss onboarding and implementing a new investment strategy for your captive.

Symphony Grow launches cannabis captive product

Symphony Grow has launched a captive product for the cannabis industry. Symphony Grow is part of Texas-based insurance services company, Symphony Risk Solutions, and said business owners in the cannabis industry can now establish their own captive. It is not clear...

Howden enters captives with Guernsey-based ARM purchase

Howden has ventured into the captive market with the acquisition of Guernsey-based ARM Group Holdings (ARM), the parent of Alternative Risk Management, an independent European insurance manager and a specialist in the formation and management of captives.

DARAG completes two captive legacy transactions

Legacy acquirer DARAG Group has completed two undisclosed captive legacy transactions in Bermuda and the Cayman Islands. Each portfolio insured workers compensation, general liability and auto liability exposure. The first transaction involved a Bermuda-domiciled captive for insured risks through to 2016...

Luxembourg licences five new captives in 2023

Luxembourg licensed five new reinsurance companies in 2023, of which the majority are considered captives. There were also five reinsurance company closures in 2023, meaning the total number of reinsurance companies domiciled in Luxembourg in 2023 remained the same as...

Peter Strauss pleads guilty to fraud, captive premiums implicated

Peter Strauss, a captive insurance author, lawyer and principal of South Carolina-based Hamilton Captive Management (HCM), has pleaded guilty to aiding and abetting the transfer of funds from the owners of a renewable energy company, to prevent the government from taking the funds into its control.

North Carolina licence 49 new captives in 2023

North Carolina licensed 49 new captives in 2023, while there were 32 surrendered licences, taking the total number of captives in the domicile to 311, compared to 294 in 2023.

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LATEST PODCASTSLogo

GCP Short: Implementing a new captive investment strategy

Richard is joined by Shadrack Kwasa, executive director at London & Capital, and Adele Gale, Deputy Managing Director of Robus Group in Guernsey, to discuss onboarding and implementing a new investment strategy for your captive.

GCP Short: Butler re-domesticates student run captive to Vermont

Richard brings news of the latest chapter in Butler University's student run captive insurance company as it completes its domicile move from Bermuda to Vermont.

GCP Short: What would make a successful UK captive domicile?

Richard is joined by Chris Lay, William-Thomas Ferrand and Matthew Latham to discuss Marsh's position on a potential UK captive regime and what factors can make it successful.

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