News

Underwriter I-RE has increased its commercial property insurance limit to $15m from $5m on its RE-PAID product, while also facilitating additional capacity to reach the ultimate limit required. I-RE, which...

The utilisation of captives is increasing both in numbers and premium volume with new and emerging risks being one of the main drivers behind growth, Adriana Scherzinger, group head of captives at Zurich, has told Captive Intelligence.

Warranty Solutions Group (WSG) has formed a new Guernsey-domiciled insurer, WSG Guardian Insurance Ltd.

AM Best has affirmed the financial strength rating of ‘B++’ (Good) and the long-term issuer credit rating of “bbb” (Good) of Switzerland-domiciled Kot Insurance Company AG. The outlook for the ratings is stable.

Interest around parametric insurance is growing, but the actual quote-to-bind ratio for these policies is still relatively low, Chris Sutton, partner in speciality broking at McGill & Partner, told Captive Intelligence.

AM Best has affirmed the financial strength rating of ‘A’ (excellent) and the long-term issuer credit rating of “a” (excellent) of Ireland-domiciled Eni Insurance Designated Activity Company (EID).

Meta Platforms Inc, the parent company of Facebook and WhatsApp, is awaiting a decision from the Department of Labor to authorise an Employee Retirement Income Security Act (ERISA) exemption to allow its captive to reinsure certain US employee benefits.

A collaboration between property developers, insurers, and technical experts has led to the launch of the UK’s first Commercial Timber Guidebook.