A.M. Best has affirmed the financial strength rating of A and the long-term issuer credit rating of “a” of Palms Insurance Company, George Town, Cayman Islands
Artex Risk Solutions has appointed Devin O’Brien to vice president of the financial management group for captives, in its North America team
The Bermuda Insurance Managers Association, a non-profit organisation which is led by Bermuda-resident insurance managers, has appointed Grainne Richmond as president
The Cayman Islands Monetary Authority has revealed it welcomed 36 new insurance formations in 2020, marking the largest annual increase since 2017
The Cayman Islands Monetary Authority has revoked CTS Captive Management insurance managers licence for regulatory breaches and insolvency, effective 30 December 2020
A group of reinsurance companies located in the Cayman Islands have formed a new industry group, the Cayman International Reinsurance Companies Association
Randall & Quilter II Holdings has completed the acquisition of Marillac Insurance Company, the Cayman captive insurer of Verity Health System of California
A.M. Best rated captives based in Bermuda, the Cayman Islands, and Barbados continue to outperform the US commercial casualty composite on underwriting and operating profitability, according to the latest market segment report
In the first of two articles on captive legislation in US states, Diana Bui talks to regulators from Vermont, Utah and North Carolina about their strategies to stay competitive and adapt to industry changes
Frances Jones reviews the proliferation of PCCs in the captive industry and across key domiciles
Insurance tax professionals discuss the current tax and regulatory landscape of the captive industry, including the OECD’s BEPS plan and IRS scrutiny of micro captives
Economic substance legislation was designed to protect the reputation of offshore jurisdictions. Industry experts discuss how Bermuda works to remain compliant
Alyssa Preidt of Capterra Risk Solutions speaks to Frances Jones about her experiences and influences in the industry
The 30th Cayman Captive Conference is to take place from 28 to 30 November at Cayman’s Ritz-Carlton. General manager of IMAC, Kevin Poole, talks exclusively to CIT about the conference’s 30th anniversary and what lies in store
IMAC’s Adrian Lynch discusses what the association is currently working on as well as developments in the Cayman captive insurance market
Kerr Russell’s Eric Lark explains that due to a number of factors group captives continue to flourish
Henry Brandts-Giesen and Jackson Tu’inukuafe of Dentons talk about key domiciles for captive insurance in Asia Pacific
Henry Brandts-Giesen and Jackson Tu’inukuafe of Dentons explain to family office and family business executives about the Cook Islands captive insurance regime
Strategic Risk Solutions observes further domestic options for Canadian captives, while examining the markets of onshore domiciles, Alberta and British Columbia, and offshore in Barbados
Market participants consider the captive growth in Singapore, while identifying its barriers and opportunities
