News

Piko Re will be led by Steve McElhiney, vice chairman and chief commercial officer, reinsurance, who joined the firm in March.

The regulators were speaking to Captive Intelligence in an exclusive interview for the Global Captive Podcast where they spoke publicly for the first time since its outlined its draft regulations on 14 July.

In this interview, Ludan Wang and Carrie Tang discuss the drivers behind growing interest in captives among Chinese corporates, the risks they are looking to cover and the strategic benefits of greater control over risk financing. 

Dorinco is a single parent reinsurance captive of Liana Limited, which is ultimately a wholly owned subsidiary of the Michigan-headquartered Dow Chemical Company.

The new unit will be run by Jason Rogers, managing director of carrier and captive solutions at the company.

AM Best also affirmed the FSR of A- (Excellent) and long-term ICR of “a-” (excellent) for Delaware-domiciled Palms Specialty Insurance Company and its reinsured affiliate, Sabal Specialty Insurance Company. The outlooks for these ratings remain stable.

Louisiana has moved to the next stage of its efforts to modernise its captive insurance framework, with the state’s Department of Insurance promulgating Regulation 139 which includes detailed rules governing captive insurers and risk retention groups (RRGS). 

Forge Energy is open to distributors of retail and wholesale fuel, heating oil, liquefied petroleum gas (LPG) and compressed natural gas (CNG), gasoline and diesel, as well as carriers of refined fuel products on a limited basis.