The Singapore government has revealed the Insurance Business Development umbrella scheme and the IBD captive insurance scheme has been extended until 31 December 2025
The Labuan International Business and Financial Centre has seen six captive formations as of mid-2019, the same number for the entire of last year
Aon has launched an International Financial Reporting Standard 17 solution on its ReMetrica platform to help insurers to achieve reporting commitments
A.M. Best has affirmed the financial strength rating of A (Excellent) and the long-term issuer credit rating of “a” of Energas Insurance, the sole captive of Petroliam Nasional Berhad, Malaysia’s national oil and gas company
The first catastrophe bond has been issued under Singapore’s ILS regulatory regime
The former Zurich head of captive management and business development for Asia Pacific, Sean Welsch, has launched a new captive management company, Welsch Captive Management, in the region
Aon has appointed Richard Jones as executive chairman of its Reinsurance Solutions business in Asia
MAXIS Global Benefits Network has partnered with the Pan-Asian Risk and Insurance Management Association to further the development of its captives business in Asia
