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XL Group selects Dublin as post-Brexit location
20 September 2017
London

XL Group has revealed its plans to move its principal EU insurance company, XL Insurance Company, from the UK to Ireland in 2018, in response to Brexit

R&Q completes novation from Cayman captive
20 September 2017
Cayman Islands

Randall & Quilter (R&Q) Holdings has completed the novation of reinsurance policies issued between 2006 and 2011 from a Cayman domiciled group captive

Thomas Wafer and Jeffery Livingston join Willis Re
20 September 2017
London

Willis Re has appointed Thomas Wafer as chairman of the company’s North America business, effective October, while Jeffery Livingston has been named vice chair

David Linhardt joins Regions Insurance
18 September 2017
Birmingham, Alabama

Regions Insurance, an affiliate of Regions Bank, has appointed David Linhardt as state executive for Arkansas and Texas

BA pension scheme uses captive
15 September 2017
London

The British Airways (BA) Airways Pensions Scheme (APS) has used a captive to insure £1.6 billion of pension liabilities against longevity risk

North Carolina addresses possible repeal of 831(b) election
14 September 2017
Charlotte

The possible repeal of the 831(b) tax election could be “detrimental” to NC’s captive industry, according to a new memo from the state’s captive association and department of insurance, who have pre-emptively addressed the issue

Vermont captive total hits the 1,100 mark
14 September 2017
Montpelier

Vermont’s Governor Phil Scott has revealed that the state’s Department of Financial Regulation has welcomed its 1,100 captive with the licensing of AssureCap Indemnity, a sponsored captive insurance company

BCC: Solvency II bifurcation was a success for Bermuda
14 September 2017
Hamilton

Bermuda’s Solvency II bifurcation was “definitely a success”, according to Jeremy Cox, CEO of the Bermuda Monetary Authority (BMA)

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