Luke Harrison

As employee benefits (EB) programmes develop and companies look to negate rising health care costs, captives can be the “perfect fit” for firms, according to MAXIS Global Benefit Network CEO, Mattieu Rouot.

The Commonwealth of the Northern Mariana (CNMI) Islands implemented its own captive legislation permitting a captive industry and captives to be licenced and domiciled in the jurisdiction.

President Donald Trump’s ongoing tariff saga has led to increasing uncertainty, inflationary pressures, and supply chain issues that are causing a headache for captives and insureds.

AIG has rehired Pierrick Livet as head of multinational, Bermuda.

AM Best has upgraded the financial strength rating to A (excellent) from A- (excellent) and the long-term issuer credit rating to “a” (excellent) from “a-” (excellent) of Vermont domiciled National Guaranty Insurance Company of Vermont (NGIC). The outlook of these credit ratings has been revised to stable from positive.

MAXIS Global Benefits Network (MAXIS GBN) has added Care Plus, one of the largest premium healthcare providers in Brazil, to its benefits network. Care Plus will offer medical coverage to...

AM Best has affirmed the financial strength rating of A- (excellent) and the long-term issuer credit rating of “a-” (excellent) of Ireland-domiciled Greenval Insurance Designated Activity Company. The outlook of these credit ratings is stable.

Despite its challenges, there is the potential for captives to write parametric solutions directly to insureds, according to Luc Schwartzbrod, head of risk finance & actuarial analytics, Aon Global Risk Consulting France.