News
AM Best revises outlooks to negative for Physicians Insurance Mutual Group’s members
The negative outlooks reflect AM Best’s expectation of continued pressure on PI’s operating performance over the intermediate term.
AM Best affirms ratings of SLB’s Bermuda captives
AM Best has affirmed the financial strength rating of A (excellent) and the long-term issuer credit ratings of “a+” (excellent) of Bermuda-domiciled Castle Harbour Insurance and Harrington Sound Insurance.
Anne Marie Towle to assume leadership of Hylant Consulting
Through the expansion of consulting services, Hylant said it is positioned to help clients proactively manage risk, optimise transactions and scale effectively.
Aspida hires Suzanne Sadlier as head of regulatory affairs
In her new role, Sadlier will oversee regulatory engagement across Aspida’s US, Bermuda, and Cayman platforms.
Four further firms exploring Italy captive formations
Under current laws, captives are regulated under the same legislation as traditional carriers, which can be onerous for smaller insurance companies such as captives.
AM Best affirms financial strength rating of Saudi Arabian Oil Company captive
The captive's portfolio mainly consists of energy onshore and offshore property risks, while 89% of risks are concentrated in Saudi Arabia.
Growing interest in re-feasibility studies – Anne Marie Towle
There is a growing interest from companies conducting a ‘re-feasibility study’ for their captives, according to Anne Marie Towle, CEO of Hylant global risk and captive solutions.
James Addington-Smith appointed CEO Marsh UK as Chris Lay to retire
Lay was one of the earliest advocates of a UK captive regime and one of the first to hold discussions with Treasury on the matter.
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