Under the act, premiums written above US$60 million will be taxed at a rate of 0.02 per cent, instead of the five per cent rate that applied previously.
The firm has invested in Moody’s RMS Intelligent Risk Platform to inject new data and functionality to support its analysts, providing better insights to frontline underwriters, as well as capital and pricing teams.
The event aims to bring together over 300 risk and insurance professionals from the Philippines and across Asia Pacific.
With 32 years of experience in the captive industry, he has led captive service operations in Bermuda, the Isle of Man and across EMEA.
In her new role, Morley will lead the growth and advancement of the AXIS offering in the professional liability market.
The upgrade reflects improved enterprise risk management practices, policies and procedures around Trisura’s risk management of US captive reinsurance contracts.
The company intends to merge with the acquired captive in due course, and reinsure the longer-tail portion of the portfolio with its core risk carrier in Germany, Darag Deutschland AG.
With a value of US$13.75 million, the bond aims to provide the firm with incremental retrocession protection.
