Luke Harrison

Bermuda-headquartered global specialty (re)insurer SiriusPoint has partnered with US-based broker Holmes Murphy and its subsidiary MGA Innovative Program Solutions (IPS) to launch an umbrella excess insurance product tailored to...

The number franchisees looking to utilise group captive structures in the United States is growing according to Joseph Davina, SVP and head of group captives at AXA XL.

Marsh Captive Solutions’ and Oliver Wyman, both owned by Marsh McLennan, have expanded the Marsh Captive Solutions’ Cayman operations to include actuarial services for local and global insurance clients, that will be led by Steve Papciak, principal actuary at Marsh.

Blackwell Captive Solutions has promoted of Ashley Sheble to the role of chief marketing officer.

AM Best has affirmed the financial strength rating of ‘A’ (excellent) and the long-term issuer credit rating of “a” (excellent) of Labuan-domiciled ENERGAS Insurance. The outlook for the ratings is negative.

Heather McClure, managing partner at Helio Risk, has been elected to chair the board of directors of the Captive Insurance Companies Association (CICA).

It is expected that Tennessee Representative Mark Green will introduce legislation to the United States’ Congress that disapproves the latest ruling submitted by the Internal Revenue Service (IRS) in relation to micro captives.

Confidence is growing that the Treasury will proceed with the introduction of a bespoke captive regulatory regime for the United Kingdom, with a decision anticipated by May this year.