The majority of risk assumed by Bermuda-based captive insurance companies originates in North America, but business lines covered in the jurisdiction remain diverse, according to the BMA Captive and SPI Report 2017
The captive insurance industry has for the first time been implicated in the so-called Paradise Papers, as a US businessman was identified in one of the leaked documents as a director of a captive insurer
Losses resulting from hurricanes Harvey, Irma and Maria, as well as the recent earthquake in Mexico City, are likely to change the dynamic of the reinsurance industry, in a positive way
Allianz Global Corporate & Specialty has implemented a blockchain prototype for a global captive insurance programme, intended to improve the efficiency of international corporate insurance transactions
Ellen Charnley has been names as president of Marsh Captive Solutions, effective immediately
The RMC Group has opened two new offices in the UK, in a move that it has called a “strong statement” of intent to build on its international presence
National Surety Underwriters has raised $11.5 million in funding for the capitalisation of a new special-purpose surety reinsurance captive, the National Fidelity Reinsurance Company
Tokio Millennium Re has appointed Brian Secrett as chief underwriting officer and a member of the executive committee, effective 1 October
