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BRIM: Barbados to see increase in captive formations
30 March 2021
Reporter Maria Ward-Brennan

Speaking at the Barbados Risk and Insurance Management conference 2021, a panel containing members from Marsh Captive Solution, discuss Barbados as having a 'strong captive presence'

Barbados launches its first virtual captive conference
24 February 2021
Reporter Maria Ward-Brennan

The Barbados International Business Association will host Barbados Risk and Insurance Management, its first virtual conference, which is set to be held on 24 to 25 March

CNOOC’s captive rating affirmed
15 December 2020
Reporter Maria Ward-Brennan

A.M. Best has affirmed the financial strength rating of A- (Excellent) and the long-term issuer credit rating of “a-” of ICM Assurance (ICMA), based in Barbados

A.M. Best removes Ocean Re from under review
06 October 2020
Reporter Maria Ward-Brennan

A.M. Best has removed Ocean International Reinsurance Company Limited, based in Barbados, from under review with developing implications and affirmed the financial strength rating of A- and the long-term issuer credit rating of “a-”

Barbados repeals Exempted Insurance Act, captives remain untaxed
21 November 2018
Reporter Ned Holmes

Barbados has repealed the Exempted Insurance Act and all insurance entities in the domicile will now fall under an amended Insurance Act, with captives continuing to be zero taxed

R&Q writes novation for Barbados captive
20 September 2018
Reporter Ned Holmes

R&Q has agreed to the novation of the commercial general liabilities of a Barbados-based captive, which reinsured the liabilities of its Canadian corporate parent

Canada Life Reinsurance enters £1.7 billion longevity agreement
15 September 2017
Reporter Jenna Lomax

Canada Life Reinsurance has entered into a long-term reinsurance agreement to cover the longevity risk on £1.7 billion of liabilities for pension members of the Marsh & McLennan Companies (MMC) UK Pension Fund

Ocean Re receives ‘excellent’ ratings
18 July 2016
Reporter Becky Butcher

A.M. Best has affirmed the financial strength rating of “A- (Excellent)” and the issuer credit rating of “a-" of Ocean International Reinsurance Company, located in Barbados...

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