The business will offer reinsurance solutions across Asia Pacific in addition to South Asia, the Gulf Cooperation Council countries, and Eastern Europe, providing additional capacity for specialty lines of business and hard-to-place risks
Howden, following its February 2024 acquisition of ARM Holdings, an European independent insurance manager specialising in captives, now manages around 100 captive insurance companies worldwide
The ratings reflect the captive’s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management
The panel, moderated by MM Lee, executive director of the General Business Division of the HKIA, pulled together senior executives in the industry to discuss the use of captives in managing risks derived from overseas energy projects
The conference, themed ‘Asian Anchors: Leading the Way in Captive Innovation’, will be held on 19 September at the Sime Darby Convention Centre in Kuala Lumpur
The firm aims to enhance its capability to service New Zealand business in its general aviation, accident and health, casualty and professional lines
The new product aims to address the escalating climate risks in Hong Kong for certain occupations, such as construction workers, property management staff, as well as practitioners in the public utility and transportation sectors
The companies say the new arrangement allows existing and new Tesla owners to access the ‘InsureMyTesla’ electric vehicle offering
