News

The ratings reflect TCA’s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management (ERM).

MSH, a subsidiary of the Diot-Siaci Group, has launched Elucin, a new consultancy specialising in employee benefits captives.

Malta-domiciled Norfolk Re Europe Cell is a cell of the WTW-owned Lime Street PCC structure and was licensed on 2 July.

For captive owners, structured risk solutions (SRS) can provide greater certainty by moving away from annual renewals and towards a multi-year approach, according to AXA XL’s Joe Filby and James Donald, of Lockton who discussed the subject on a recent episode of the Global Captive Podcast. 

Sigurd is a captive reinsurer of Italian oil company Saipem and a key element of the Saipem group’s risk management framework.

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.