AM Best has revised its outlook to ‘positive’ from ‘stable’ for Fidvest US, a South Carolina-based pure captive owned by Fidelity Management & Research (FMR)
The US Internal Revenue Service (IRS) has won the latest microcaptive tax shelter case, involving Sani-Tech West and its captive, Clear Sky Insurance, created to cover shipping losses
Willis, a WTW business, has launched AdWrap, a master-controlled insurance programme tailored to meet the production insurance needs of businesses and their contracted vendors in the US
Aquarian Holdings has launched Aquarian Insurance Holdings to unify its reinsurance and retail insurance operations
The insurance-linked securities (ILS) market reached a record capacity of US$107 billion by the end of 2024, driven by retained earnings and new capital inflows, according to a recent AM Best report
AM Best has assigned a financial strength rating of ‘B++’ (Good) and a long-term issuer credit rating of ‘bbb+’ to Cadence Indemnity, single-parent captive of the Sullivan Brothers Family of Companies
Innovative Captive Strategies (ICS) has partnered with Innovative Program Solutions (IPS) to launch CaptiveXS, a specialised excess umbrella insurance programme
Marsh has unveiled Cyber Echo Encore, an enhancement to its existing Cyber Echo facility, offering clients up to US$45 million in additional cyber insurance capacity
