News

The Attorneys on Retainer Association has launched a risk retention group providing complete liability coverage for firearms self-defense-related matters to its members.

Starr Insurance Companies is witnessing a surge of interest from companies looking to utilise their captives to write casualty risks as nuclear verdicts spiral, according to Heather Graziani, AVP for global risk management at the carrier.

Georgia Governor Brian Kemp has been sent House Bill 348 to sign, which would expand the lines of insurance or reinsurance in which a limited purpose subsidiary and captive may write.

Sandals Resort International 2000 Inc. and 18 of its subsidiaries, including hotel resort operators, have filed a lawsuit in the Cayman Islands Grand Court against its own Cayman Islands-domiciled captive, Landon Insurance Limited.

The Cayman Islands Monetary Authority (CIMA) licensed five new international insurers between January and March of this year, including two class B(i) and three class B(iii) licences.

XN Captive has rebranded to Luzern Risk in addition to receiving a $12m series A investment from Caffeinated Capital, that Luzern believes will help accelerate its aim to modernise captives for the “underserved” middle market.

The 831(b) Institute has submitted a letter to acting Internal Revenue Service Commissioner Melanie Krause calling for 90-day extension its new disclosure reporting requirements for micro captives.

AM Best has affirmed the financial strength rating of A (excellent) and the long-term issuer credit rating of “a” (excellent) of Bermuda-domiciled Lion Reinsurance Company (Lion Re).