News
La Française des Jeux rolls dice on latest French captive
FDJ Ré has become the latest captive to obtain French Prudential Supervision and Resolution Authority (ACPR) approval to operate as a reinsurance company.
PERIL group captive can be unique property market solution – Jason Tyng
PERIL, the new property group captive in Cayman, established by Aon and HDI Global can be a “unique” solution for insurance buyers, according to Jason Tyng, vice president of the US Captive Solutions Group at HDI Global.
CCRIF set to make $70.8m parametric payment to Jamaica government
The Caribbean and Central America Parametric Insurance Facility SPC (CCRIF) is set to make a record payout to the Government of Jamaica totalling $70.8m, following the devastation caused by Hurricane Melissa.
NASW captive’s ratings remain under review by AM Best
NASW Insurance Company’s (NASWIC) AM Best financial strength rating of ‘A-’ (excellent) and the long-term issuer credit rating of “a-” (excellent) rating remains under review with negative implications remains.
AM Best affirms rating of EPM captive
Maxseguros is a single parent captive owned by Colombian power generation and multi-utility company, Empresas Públicas de Medellín E.S.P. (EPM).
Captives have unique role to play in ESG transformation – FERMA
While not their primary role, the study found that captives can be utilised in many ways to embed ESG initiatives into insurance and risk financing strategies.
Aon, HDI launch property group captive PERIL
Property Engineered Risk Insurance Limited (PERIL) has received a conditional licence from the Cayman Island Monetary Authority (CIMA) and will begin underwriting from 1 November.
Cayman ecosystem and reputation key to continued success
Since the Cayman Islands first introduced captive legislation in 1979, the domicile’s pragmatic regulator and business-friendly ecosystem have helped the jurisdiction build a strong reputation as a premier domicile.
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LATEST PODCASTS
GCP Short: PERIL – Aon, HDI launch property group captive
Richard reveals more detail behind the new property group captive being established in the Cayman Islands by Aon and fronted by HDI Global.
GCP Short: Cayman’s captive evolution
Luke is joined by Gareth van den Bergh and Michael Wild, of Artex Risk Solutions, Kevin Poole, of IMAC, and captive owner Greg Echols, co-CEO of Gardant Management Solutions to discuss Cayman's position as a premier captive domicile.
GCP Short: Establishing a Guernsey non-admitted insurer
Darren Wadley and Aaron Slattery, of Jeometri Insurance Managers, discuss the recent formation of a non-admitted insurer in Guernsey, reinsurance protection and the prospects of a UK captive regime.