An England & Wales High Court Judge has ruled that Tyson International Company, Ltd (TICL), a pure captive owned by Tyson Foods Inc, can pursue litigation against reinsurer GIC for payouts following a fire that occurred at one of its Alabama food plants on.
Environmental liability is among several liability lines where captives are particularly well positioned to provide parent companies with a strong alternative to the traditional insurance market.
There is substantial opportunity for captives to play a bigger role on the African continent according to Krishna Bheenick, managing director at Africa Specialty Risk (ASR).
Transit Insurance Group made the decision transform into a sponsored captive to better serve the “diverse” needs of the public transit community within the United States.
Richard is joined by Barbara Rhoades, CEO of Ohio Transit Risk Pool and a board member of Transit Re, and Sandy Bigglestone, deputy commissioner of captive insurance in the State of Vermont.
The Cayman Islands Monetary Authority (CIMA) issued 12 new international insurer licenses in the fourth quarter of 2024, including three B(i)s licences, eight B(iii)s, and one Class C.
Richard is joined by Barbara Rhoades, CEO of Ohio Transit Risk Pool and a board member of Transit Re, and Sandy Bigglestone, deputy commissioner of captive insurance in the State of Vermont.
Richard is joined by Mikhail Raybshteyn, Americas Captive Insurance Services Co-Leader at EY, and Vittorio Zaniboni, Captive & Insurance Excellence Leader for EY in Luxembourg to reflect on captive activity in 2024, and what to expect in 2025.