A new report has revealed that New York-based insurers are being held accountable for at least $48 billion in hidden ‘shadow insurance’ transactions through captive and reinsurance entities...
Guy Carpenter & Company has been awarded a patent for MetaRisk Reserve by the US Patent Office for creating a unique and predictive model for the analysis of reserve risk...
The ACE Group has enhanced its web-based portal, ACE Worldview, to provide clients and their brokers with claims information for clients’ multinational insurance programmes with ACE...
Guy Carpenter & Company’s June renewal briefing has reported that the reinsurance sector has seen “dynamic capital growth” in 2012 and 2013, spurred by an influx of capital from alternative sources...
According to Fitch Ratings, increased regulatory scrutiny and the need for collateral to support statutory reserve credit is driving US life insurers to make changes in their captive reinsurance arrangements...
MetLife announced that it is merging its offshore captive business into US-regulated entities, after regulatory powers cracked down on offshore captives...
American International Group (AIG) has made three executive appointments in its property casualty business division...
New captive owners continued to gravitate towards onshore domiciles in the US and EU in 2012, according to Marsh’s annual captive benchmarking report—Discovering Opportunity in the Shifting Captive Landscape...