The Bermuda Captive Conference is set to return for its 21st year from 9–11 June at the Hamilton Princess Hotel and Beach Club
The Bermuda Captive Network hosted its annual Captive Education Summit last week at the Bermuda Underwater Exploration Institute, with experts providing updates on regulatory, financial, and investment trends
Jireh Risk Advisors has partnered with Strategic Risk Solutions (SRS) to launch Strata ILS, an unrestricted special purpose insurer licensed by the Bermuda Monetary Authority
AM Best has affirmed the financial strength rating of ‘A’ (Excellent) and the long-term issuer credit rating of ‘a+’ (Excellent) of Stellar Insurance, a single-parent captive of the Saudi Arabian Oil Company
The newly licensed captives are Magna Insurance Bermuda, Structured Risk Mitigation Solutions and Schwarzchild
AM Best affirms the financial strength rating of ‘B+’ (Good) and the long-term issuer credit rating of ‘bbb-’ (Good) of Orion Reinsurance, class 3 captive insurer based in Bermuda
The Bermuda Monetary Authority licensed 10 new captive insurers between January and October 2024, reflecting Bermuda’s continued strength as a leading domicile for captive insurance
The rating downgrades reflect the captive’s business plan to cease underwriting new business starting from mid-May 2024
