Saturday, June 15, 2024

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Luke Harrison

Texas licence seven new captives in 2023 taking total to 77

Texas licensed seven captives in 2023, while there were 2 dissolutions, taking the total number of captives in the jurisdiction to 77.

Marsh launches latest Mangrove cell facility in Cayman

Marsh has established a new segregated portfolio facility in the Cayman Islands, Mangrove Insurance SPC (Cayman), in its latest addition to its cell company brand.

AM Best affirms financial strength rating of Shell’s captives

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. The outlook for the ratings is stable.

New York for-hire vehicles and commuter vans to get captive programme

New York looks prepped to establish a captive insurance programme for commuter vans, black cars, ambulettes and paratransit vehicles, and small school buses, in order to negate proliferating insurance costs, which is putting many drivers out of business.

Lawrenceville School’s Hammond elected to EdHealth Board

Ben Hammond has been elected to EdHealth’s Educators Health board of Managers and the Educators Health Insurance Exchange Cell Subscribers Advisory Committee.

Successful first year for French captive regime, but market eyeing further regulatory progress

France’s first year as a captive domicile has been hailed a success, but a stronger local ecosystem and continued education will be key if the jurisdiction wants to build on its early achievements.

Holt to succeed Mullen as Artex CEO

Gallagher’s executive vice president, Zeb Holt, will be made Artex CEO effective 1 July, before succeeding current Artex CEO and co-founder, Peter Mullen on 1 January, 2025. 

SRS eyeing continued expansion during captive ‘golden era’ – Brady Young

Strategic Risk Solutions is planning continued expansion while captives are in vogue, but is expected to do so organically rather than through further acquisitions in the short term, according to the company’s CEO Brady Young.

Latest Podcasts

GCP #104: RISKWORLD interviews with Alliant, FERMA and ICEYE

Richard shares three interviews recorded at RISKWORLD in San Diego, featuring Alex Littlejohn and Pete Kranz at Alliant, FERMA's Typhaine Beauperin and Charlotte Hedemark and Stephen Lathrope, of ICEYE.

GCP Short: edRISK launches property, liability programmes

Richard is joined by Tracy Hassett, president and CEO of edRISK, and Spring's Prabal Lakhanpal to discuss the launch of two cells within its Vermont sponsored captive.

GCP Short: The Extra Space Storage captive evolution

Richard is joined by Kacey Kalian, of ExtraSpace, and Brown & Brown's Jason Flaxbeard and Bobby Mayer to discuss the evolution of the storage giant's captive strategy.