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AXIS closes market’s first 144A cyber catastrophe bond
29 November 2023
UK Reporter Frances Jones

It provides several of the company’s subsidiaries with fully collateralised indemnity reinsurance protection for systemic cyber events on a per occurrence basis

AM Best affirms "Excellent" credit ratings for Eni’s captive
23 November 2023
Ireland Reporter Sophie Downes

AM Best has affirmed the financial strength rating of A (Excellent) and the long-term issuer credit rating of “a” (Excellent) of Ireland-based Eni Insurance Designated Activity Company (EID)

Consultation for UK captive regime set to launch in spring 2024
22 November 2023
UK Reporter Frances Jones

According to Treasury chancellor Jeremy Hunt’s Autumn statement

Marsh McLennan launches Gen AI tool
22 November 2023
UK Reporter Frances Jones

The tool, named LenAI, was developed by Marsh McLennan’s Dublin Innovation Centre

AM Best affirms “Excellent” credit ratings for SGS’ captive
17 November 2023
Switzerland Reporter Frances Jones

Transmonde is a single-parent captive that derives all its business from its publicly-traded parent company, Switzerland-based SGS SA

Marsh McLennan launches facility to provide cost-effective insurance for Ukraine’s grain shipments
15 November 2023
Ukraine Reporter Frances Jones

Marsh McLennan has collaborated with the Ukrainian government, Ukrainian banks and insurers

Canopius names Mark Newman as UK CEO
15 November 2023
UK Reporter Frances Jones

Newman will take up his new role from 1 January 2024, transitioning from his current position as CEO for the Asia Pacific region

AM Best downgrades issuer credit rating of PEMEX’s captive
14 November 2023
Switzerland Reporter Frances Jones

Kot is the captive reinsurer of PEMEX, the Mexican state-owned oil and gas company

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