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Cinven and BCI acquire Compre
03 December 2020
Reporter Maria Ward-Brennan

Cinven, an international private equity firm, and British Columbia Investment Management Corporation have agreed to acquire legacy specialist Compre from existing shareholders CBPE Capital, Hudson Structured Capital Management and Compre’s management

A.M. Best affirms ratings of Saipem’s captive reinsurer
02 December 2020
Reporter Maria Ward-Brennan

A.M. Best has affirmed the financial strength rating of A- (Excellent) and the long-term issuer credit rating of “a-” of Sigurd Rück (Sigurd), based in Switzerland.

COVID-19 pandemic shows shift in employee needs, says MAXIS GBN
01 December 2020
Reporter Maria Ward-Brennan

MAXIS Global Benefits Network explained that multinationals need to be “agile and responsive to catch up”

A.M. Best: innovation ‘critical’ to success of all insurers, captives are no exception
30 November 2020
Reporter Becky Bellamy

Innovation is becoming increasingly critical to the long-term success of all insurers, and “captives are no exception”, an A.M. Best report revealed

European captives remained resilient during COVID-19 pandemic, says A.M. Best
30 November 2020
Reporter Maria Ward-Brennan

Captives are set to benefit from the response of the wider insurance industry to the COVID-19 pandemic, according to an A.M. Best market segment report

Global Parametrics structures two risk transfer solution using WBI
27 October 2020
Reporter Maria Ward-Brennan

Global Parametrics has structured two risk transfer solutions using its new Water Balance Index, to enable partners to provide drought and excess rainfall protection for smallholder farmers in India and Tanzania

PwC reviews Aon’s PathWise platform for IFRS 17 reporting
24 November 2020
Reporter Maria Ward-Brennan

PwC review did not reveal any material deviations between PwC Actuarial Services' IFRS 17 calculation tool and Aon’s PathWise’s IFRS 17 results

Petra Diamonds reports increase in security deposits for cell captive
23 November 2020
Reporter Maria Ward-Brennan

Petra Diamonds, a diamond mining group, has revealed that out of its cash and diamond debtors for the year ending 30 June 2020, $13.3 million was held by Petra’s reinsurers as security deposits on the group’s cell captive insurance structure

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