The captive allows members, who must be New York-based with capped rents and government financing, to pool their money to cover claims, potentially reducing insurance costs
Insurance provider Coverys has received Prudential Regulatory Authority and Financial Conduct Authority approval to commence underwriting in the London market
The coalition includes market firms Arch, AXA XL, Beazley, Chubb, Hiscox, Howden, MS Amlin, and Tokio Marine Kiln, as well as delivery partners Equity, Green Park, and the Lloyd’s of London Foundation
Sompo has opened an office in Manchester, further expanding its presence in the UK, in addition to its London and Birmingham offices
Canadian insurance brokerage PLATFORM has formed a new captive insurance and alternative risk financing practice group and appointed Braedy Walker as practice leader
The European Insurance and Occupational Pensions Authority (EIOPA) has published an Opinion on supervisory principles for captive insurers in the EU
Howden Re Japan will provide reinsurance brokerage services to life and non-life companies in addition to strategic advice leveraging data, analytics and capital markets expertise for the Japanese market
