News

Marsh has launched Global Alternative Risk Solutions, a new practice which will encompass its  expertise in parametric solutions, alternative risk transfer, captives and complex risk.

The latest captive domicile in the United States, Iowa, has passed Bill 2636, which reduces the tax burden for captives writing premiums above $40m and $60m.

DARAG Insurance Guernsey has completed the signing of a sale and purchase agreement (SPA) to acquire a Cayman domiciled (re)insurance captive.

The European Parliament has voted overwhelmingly in favour of proposed amendments to the Solvency II directive that would bring some regulatory relief to captives from 2026.

AM Best has revised the outlooks to stable from negative and affirmed the financial strength rating of A- (excellent) and the long-term issuer credit ratings of “a-” (excellent) of the operating entities of Toronto-based Trisura Group and related entities.

The utilisation of group captives in the United States is expanding as companies look to share risk, according to Mark Benz, head of group captives at AXA XL.

The Cayman Islands Monetary Authority has published its captive figures for the first quarter of 2024, showing growth in the number of pure captives, segregated portfolio companies (SPCs) and group captives.

Fortree Management Services Limited (Fortree) and Reinsurance Solutions are partnering to bring together their connecting experience and expertise.