News

Augment Risk launches captive and ART offering led by Steve McElhiney.

Gordon Rowell, former head of insurance at the Cayman Islands Monetary Authority (CIMA), and a respected figure in the Cayman Islands insurance industry, has passed away.

More companies are looking at using their captives to write non-traditional risks, according to Judah Dobrinsky, director of risk finance at XN Captive. 

The Isle of Man Financial Services Authority is inviting feedback on proposed updates to its Insurance Regulations 2025.

The OPEN RISK DATA Association e.V. has been formed with the aim of enhancing the exchange of large corporate insurance risk data.

AM Best has affirmed the financial strength ratings of ‘A’ (excellent) and the long-term issuer credit ratings of “a” (excellent) of Vermont-domiciled Spirit Insurance Company and Cayman-Islands Radius Insurance Company. The outlook for the ratings is stable.

AM Best has affirmed the financial strength rating of ‘A-‘ (excellent) and the long-term issuer credit rating of “a-” (excellent) of Italy-domiciled Enel Reinsurance - Compagnia di Riassicurazione S.p.A. (Enel Re).

The primary aim of HighDome PCC is to help companies utilise captives to enhance their overall business strategies rather than to simply reduce their premium spend, according to Javier Mirabal, executive director at HighDome.