Premium content

AM Best has affirmed the ‘A-‘ (Excellent) financial strength rating of Texas-domiciled Quanta Insurance Company, Inc (QIC), the single parent captive owned by Quanta Services, Inc.

Norwegian train company Norske Tog has established a pure captive in its home country, making it the second new captive established in the territory in the last 12 months.

German telecommunications company, Deutsche Telekom, is looking to form a brand-new captive in Germany.

Volkswagen decided to redomesticate its Ireland-domiciled captive to Germany because it “makes more sense” to be closer to company’s German headquarters due to the captive soon being required to abide by IFRS 17 reporting standards.

As employee benefits (EB) programmes develop and companies look to negate rising health care costs, captives can be the “perfect fit” for firms, according to MAXIS Global Benefit Network CEO, Mattieu Rouot.

The Commonwealth of the Northern Mariana (CNMI) Islands implemented its own captive legislation permitting a captive industry and captives to be licenced and domiciled in the jurisdiction.

President Donald Trump’s ongoing tariff saga has led to increasing uncertainty, inflationary pressures, and supply chain issues that are causing a headache for captives and insureds.

AIG has rehired Pierrick Livet as head of multinational, Bermuda.