The gross written premium of European captives surveyed by reinsurer SCOR in its latest report increased by 4.8 per cent between 2019 and 2020, compared to 3.2 per cent the previous year
The Tennessee Department of Commerce and Insurance has named Jonathan Habart as director of its captive insurance section
Marsh has appointed Pat Donnelly as president of Marsh US and Canada, effective 1 January 2022
The International Financial Services Centres Authority of India has received an insurance committee report recommending the development of the international finance services centre in Gujarat into a global insurance and reinsurance hub
The Office of the Insurance Commissioner for the state of Washington has adopted the proposed regulations of the new captive insurance law, effective 21 December 2021
Risk Strategies has acquired TriPoint Insurance, a national workers’ compensation specialist providing performance-based insurance solutions to middle-market firms in the construction, manufacturing, wholesale and skilled nursing sectors
A.M. Best has affirmed the financial strength rating of “A-” (Excellent) and the long-term issuer credit rating of “a-” (Excellent) of Sigurd Rück (Switzerland), revising the outlook of the captive reinsurer from stable to negative
Captives will need to prepare for “drastic changes” in their reporting to ensure compliance with the upcoming requirements of IFRS 17, according to Marsh
