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.

AM Best has upgraded the financial strength rating to A (excellent) from A- (excellent) and the long-term issuer credit rating to “a” (excellent) from “a-” (excellent) of Vermont domiciled National Guaranty Insurance Company of Vermont (NGIC). The outlook of these credit ratings has been revised to stable from positive.

MAXIS Global Benefits Network (MAXIS GBN) has added Care Plus, one of the largest premium healthcare providers in Brazil, to its benefits network. Care Plus will offer medical coverage to MAXIS GBN’s captive clients across Brazil. The Brazilian company will provide...

AM Best has affirmed the financial strength rating of A- (excellent) and the long-term issuer credit rating of “a-” (excellent) of Ireland-domiciled Greenval Insurance Designated Activity Company. The outlook of these credit ratings is stable.

Despite its challenges, there is the potential for captives to write parametric solutions directly to insureds, according to Luc Schwartzbrod, head of risk finance & actuarial analytics, Aon Global Risk Consulting France.

Gross written premium (GWP) in Marsh-managed captives increased by 6% in 2024 to $77bn.

Volkswagen is set to re-domesticate its Dublin-domiciled captive to Germany at the start of 2027, according to Tibor Boettcher, executive director and CEO of Volkswagen Insurance Company DAC (VICO).

Produced in partnership with Aon, this episodes focuses on the what, why and how of structured reinsurance, ART and parametric solutions for captives.