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Chaz Lavelle and OMIC to receive CICA awards
25 November 2020
Minnesota

The Captive Insurance Companies Association will be honouring Chaz Lavelle, partner at Dentons Bingham Greenebaum, with its 2020 Distinguished Service Award and Ophthalmic Mutual Insurance Company with its 2020 Outstanding Captive Award

Gibraltar to allow EEA insurers to continue after Brexit
25 November 2020
Gibraltar

The Government of Gibraltar has introduced legislation that will allow EEA insurers, including captives, to continue providing policies, after the UK transition period ends with the EU

PwC reviews Aon’s PathWise platform for IFRS 17 reporting
24 November 2020
UK

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

WCF confirms it will move to a virtual format for 2021
24 November 2020
US

The 2021 World Captive Forum has confirmed the event will be held virtually from 24 to 25 February

A.M. Best upgrades ratings of Class B Notes on Nevada-based SPI
24 November 2020
Nevada

A.M. Best has upgraded the long-term issue credit rating to “bbb” from “bbb-” on the $4.7 million Class B 10 percent fixed rate asset-backed notes, series 2008-3 issued by 321 Henderson Receivables V

Petra Diamonds reports increase in security deposits for cell captive
23 November 2020
UK

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

SRS hires Matthew Charleson to expand its ILS initiative
23 November 2020
Bermuda

Matthew Charleson will be joining Strategic Risk Solutions as chief operating officer of fund services and insurance-linked securities, effective from 7 December 2020

Zurich in talks to acquire MetLife’s US P&C business
23 November 2020
Switzerland

Zurich Insurance Group, a Swiss multi-line insurer, has confirmed it is in discussions to acquire MetLife’s US property and casualty business

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