News
AM Best affirms ratings of Phillips 66 captives
Spirit and Radius are both captive insurers of Texas-based multinational energy company, Phillips 66 and both have the benefits of financial flexibility and support from their parent.
Pietro Dalla Vedova joins ZGEBS
Zurich Global Employee Benefits Solutions (ZGEBS) has appointed Pietro Dalla Vedova as regional distribution manager for the United Kingdom & APAC.
Jireh, SRS launch operational engine for the reinsurance and ILS Markets
Reinsurance solutions provider, Jireh, and Strategic Risk Solutions (SRS), have launched OpIngen, a next-generation operations service for the reinsurance and ILS market.
Captives exploring pure fronting for difficult to insure risks
Captives are seeking pure fronting arrangements for risks that lack capacity in the commercial market, according to Joshua Nyaberi, head of captive fronting at Zurich Insurance Company.
National Grid captive gets ‘Excellent’ rating affirmed
National Grid Insurance USA Ltd (NGIUSA), the Vermont-domiciled captive owned by National Grid Plc, has had its Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) affirmed by AM Best.
Italy’s first captive has rating affirmed
AM Best has affirmed the Excellent ratings of Italy-domiciled Enel Reinsurance - Compagnia di Riassicurazione S.p.A. (Enel Re), the pure captive owned by multinational electric utility company Enel S.p.A.
Luxembourg working ahead of Solvency II reform deadline
Luxembourg is already taking the upcoming Solvency II changes into account while regulating captives in the jurisdiction, according to Valerie Scheepers, head of the non-life and reinsurance department at the Commissariat aux Assurances.
AES captive has Excellent ratings affirmed
AES Global Insurance Company, LLC (AGIC) has had its Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” (Excellent) affirmed by AM Best.
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LATEST PODCASTS
GCP Short: Utah in captive profile
Richard is joined by Travis Wegkamp, Director of Captive Insurance in the State, Jim LeRoy, President of the Utah Captive Insurance Association, Bryan Ridgway, Managing Partner and COO of CIC Services, LLC, and Tom Massey, President of Nelnet Insurance Services, a Utah-domiciled captive.
GCP Short: GreenieRE and providing capacity for renewables
Richard is joined by Amy Antczak, Co-Founder of GreenieRE, and Vermont's Christine Brown to share the case study of a sponsored captive formed to provide additional capacity for renewable energy projects in the United States.
GCP Short: Combining Multinational with Captive Fronting
Richard is joined by Dr. Carin Gantenbein, Global Head of Network Management at Zurich Multinational, and Joshua Nyaberi, Head of Captive Fronting.