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CICA president Dan Towle believes the United Kingdom entering the domicile landscape could mark a new era for captive insurance and will be “incredible” for the captive industry.

I–RE has strengthened its RE–PAID captive product with the addition of professional liability (PL) alongside general liability (GL) for the care sector, with the cover being offered as a combined policy.

Reinvesting captive dividends or plan profits into healthcare prevention, precaution and early treatment can make a significant cost mitigating impact on rising medical costs on employee benefits programmes, according to a panel speaking at Zurich’s Captive Dialogue Day on 25 June.

AM Best has affirmed the financial strength rating of ‘A’ (Excellent and long-term issuer credit rating of ‘a’ (Excellent) of COSCO SHIPPING Captive Insurance Co., Ltd.

Ignacio Calderón has joined SCOR as an alternative solutions underwriter, leaving Risk and Reinsurance Solutions (2RS) after five years with the Luxembourg captive manager.

Goldman Sachs Asset Management been appointed by Shell’s captive and various pension entities to manage a $40bn mandate for international pension plan assets in Europe and provide advisory services for pension plans in North America.

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

Marco Capital Holdings Limited, a European property and casualty insurance run-off group, has acquired Benteler Reinsurance Company DAC, becoming the latest captive domiciled in Ireland to be placed into re-domiciled, sold or closed down.