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Sandals Resort International 2000 Inc. and 18 of its subsidiaries, including hotel resort operators, have filed a lawsuit in the Cayman Islands Grand Court against its own Cayman Islands-domiciled captive, Landon Insurance Limited.

There is an unrealised capacity when it comes to family offices utilising captive insurance to enhance risk management strategies and their premium spend amid a more uncertain global landscape.

The Cayman Islands Monetary Authority (CIMA) licensed five new international insurers between January and March of this year, including two class B(i) and three class B(iii) licences.

XN Captive has rebranded to Luzern Risk in addition to receiving a $12m series A investment from Caffeinated Capital, that Luzern believes will help accelerate its aim to modernise captives for the “underserved” middle market.

The 831(b) Institute has submitted a letter to acting Internal Revenue Service Commissioner Melanie Krause calling for 90-day extension its new disclosure reporting requirements for micro captives.

AM Best has affirmed the financial strength rating of A (excellent) and the long-term issuer credit rating of “a” (excellent) of Bermuda-domiciled Lion Reinsurance Company (Lion Re).

Energy Insurance Mutual (EIM) has promoted Megan Ogden to vice president of captive subsidiaries, reporting directly to Tommy Bolton, president and CEO of EIM, while Kimberly Jenkins has been promoted to director of energy captive management.

McGill and Partners has strengthened its captive expertise with the hire of Graham McCarthy, formerly of Aon and WTW.