News

The Cook Islands government and the Cook Islands Investment Corporation (CIIC) has established the Cook Islands Captive Insurance Company (CICIC).

MAXIS Global Benefits Network has launched MAXIS+, an enhanced suite of health data insights and wellness services for its multinational clients.

INTX Insurance Software was partly launched due to the lack of software available to the captive market and insurance world more generally, according to Will Perrone, CXO at INTX Insurance Software.

While many factors contribute to a final decision around domicile selection – and every client may have unique requirements – costs, tax, and the regulator’s expertise are some of the most common considerations for captive owners. 

AM Best has affirmed the financial strength rating of ‘A’ (excellent) and the long-term issuer credit rating of “a” (excellent) of Bermuda-domiciled INPEX Insurance (IIL). The outlook for the ratings is stable.

AM Best has released its revised criteria procedure for rating individual cells which is effective immediately.

Alliance Captive Management (ACM) recently launched ACM Advantage Protected Cell Company (PCC) because it wanted captives to be more accessible for middle-market businesses.

AM Best has revised the outlook to negative from stable for the long-term issuer credit rating (ICR) and affirmed the financial strength rating (FSR) of A (excellent) and the long-term ICR of “a+” (excellent) of Terra Insurance Company.