Monday, February 26, 2024

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Howden enters captives with Guernsey-based ARM purchase

Howden has ventured into the captive market with the acquisition of Guernsey-based ARM Group Holdings (ARM), the parent of Alternative Risk Management, an independent European insurance manager and a specialist in the formation and management of captives.

Guernsey licences four captives, one PCC in 2023

Guernsey licensed four new pure captives and protected cell company (PCC) in 2023, while eight pure captives surrendered their licences.

SRS agrees Robus acquisition from Ardonagh Group

Strategic Risk Solutions has acquired captive and insurance manager Robus from the Ardonagh Group, subject to regulatory approval, strengthening its presence in Guernsey and adding Gibraltar to its list of domicile options.

Importance of iNEDs rising as captives become more complex

As the popularity, complexity and sophistication of captives continues to increase, the importance of independent non-executive directors (iNEDs) is further emphasised.

PI captive utilisation increased during hard market cycle

The use of alternative risk financing methods such as self-insured retentions and captives to write professional indemnity increased in popularity as a result of the recent hard market.

As captive governance matures, should iNEDs be required in more domiciles?

The corporate governance requirements for captive boards is only increasing and it has been questioned why more domiciles do not require independent non-executive directors (iNEDs).

AM Best affirms ratings for BP’s Guernsey and Vermont captives

AM Best has affirmed the financial strength ratings of ‘A-’ (excellent) and the long-term issuer credit ratings of “a-” (excellent) of Guernsey-domiciled Jupiter Insurance Limited, and Vermont-domiciled Saturn Insurance Inc.

Disaster response fund launched using Guernsey SPV

The International Federation of Red Cross and Red Crescent Societies (IFRC), in collaboration with Aon, Lloyd’s Disaster Risk Facility and the Centre for Disaster Protection, is launching a disaster response fund.

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GCP Short: Implementing a new captive investment strategy

Richard is joined by Shadrack Kwasa, executive director at London & Capital, and Adele Gale, Deputy Managing Director of Robus Group in Guernsey, to discuss onboarding and implementing a new investment strategy for your captive.

GCP Short: Butler re-domesticates student run captive to Vermont

Richard brings news of the latest chapter in Butler University's student run captive insurance company as it completes its domicile move from Bermuda to Vermont.

GCP Short: What would make a successful UK captive domicile?

Richard is joined by Chris Lay, William-Thomas Ferrand and Matthew Latham to discuss Marsh's position on a potential UK captive regime and what factors can make it successful.