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A.M. Best affirms ratings of Anguilla-based reinsurance company
20 November 2020
Anguilla Reporter Maria Ward-Brennan

A.M. Best has affirmed the financial strength rating of B+ and the long-term issuer credit rating of “bbb-” of East Caribbean Reinsurance Company Limited, based in Anguilla

Aon launches Asia Pacific Capital Advisory unit
18 November 2020
Asia Pacific Reporter Maria Ward-Brennan

Following its initial launch of the capital advisory unit for the UK and US in 2018, Aon has now launched the unit in Asia Pacific

A.M. Best affirms Schlumberger’s Bermuda-based captives
13 November 2020
Bermuda Reporter Maria Ward-Brennan

A.M. Best has affirmed the financial strength rating of A and the long-term issuer credit ratings of “a+” of Castle Harbour Insurance and Harrington Sound Insurance

Evergreen’s ‘excellent’ captive ratings affirmed
13 November 2020
Bermuda Reporter Maria Ward-Brennan

A.M. Best has affirmed the financial strength rating of A and the long-term issuer credit rating of “a” of Evergreen Insurance Company Limited, based in Bermuda

A.M. Best upgrades ratings of AES Global Insurance
12 November 2020
Vermont Reporter Maria Ward-Brennan

A.M. Best has upgraded the financial strength rating to A- from B++ and the long-term issuer credit rating to “a-” from “bbb+” of AES Global Insurance Company, based in Burlington, Vermont

Eni’s captive ratings affirmed by A.M. Best
12 November 2020
Ireland Reporter Maria Ward-Brennan

A.M. Best has affirmed the financial strength rating of A and the long-term issuer credit rating of “a” of Eni Insurance Designated Activity Company, based in Ireland

A.M. Best affirms ratings of Northwind Holdings
30 October 2020
Delaware Reporter Maria Ward-Brennan

A.M. Best has affirmed the long-term issue credit rating of “a” on the $800 million floating rate insured notes due 2037 issued by Northwind Holdings, a Delaware limited liability company and a wholly-owned subsidiary of Unum Group

A.M. Best affirms ratings of Ameriprise Financial
21 October 2020
Minnesota Reporter Maria Ward-Brennan

A.M. Best has affirmed the financial strength rating of A+ and the long-term issuer credit ratings of “aa-” of RiverSource Life Insurance Company, based in Minnesota and its wholly-owned subsidiary, RiverSource Life Insurance Co. of New York

Features
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Don’t risk your neck

Reinsurance is fundamentally important in protecting a firm’s exposure to a specific risk or catastrophic event, as industry professionals discuss its relationship with captives

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A new landscape

As a new year begins, the captive industry anticipates another year of growth

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Captivating the next generation

Celebrating its 38th Annual conference in Burlington, Vermont, the VCIA event focused on how the industry should address the talent crisis and the tools that can be used to attract the next generation

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Special perils: how captives can insure against shooting attacks

A.M. Best discusses the growing marketplace demand and gap in general liability policies that has led the emergence of captive insurance in active assailant insurance coverage

Interviews
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Skip Myers
Morris, Manning & Martin LLP

Close tabs need to be kept on the NAIC to make sure that it is not overreaching and doing something that is adverse to the interests of the alternative market, says Skip Myers of Morris, Manning & Martin LLP

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Michael Rogers
Risk Services Companies

Michael Rogers of Risk Services Companies tells CIT why the group captive structure can be a winner, and how companies should go about setting one up

Steven Chirico
A.M. Best

CIT goes behind the scenes of A.M. Best with Steven Chirico to discover how the ratings process really works

Country profiles
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Barbados

Kirk Cyrus of SRS Barbados, Darren Treasure of London & Capital, and Gregory Smith of Deloitte discuss current market conditions in the captive industry of Barbados, and the landscape of emerging risks

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District of Columbia

With a ‘very active’ captive market in 2020, DC plans to launch a financial services regulatory sandbox this year that will include captives

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Singapore

Singapore maintains its place and reputation as the top Asian domicile but industry experts warn it also needs to keep pace with international regulatory frameworks

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Latin American

As Latin American companies look to stabilise their bottom lines, the captive solution is emerging as an effective way to manage insurance market volatility

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