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A.M. Best affirms Wakefield Insurance Company ratings
25 February 2021
Tennessee Reporter Maria Ward-Brennan

A.M. Best has assigned a financial strength rating of A- (Excellent) and long-term issuer credit rating of “a-” to Wakefield Insurance Company, based in Nashville, Tennessee

A.M. Best affirms ratings of Principal Financial Group and subsidiaries
22 February 2021
Iowa Reporter Maria Ward-Brennan

A.M. Best has affirmed the financial strength rating of A+ the long-term issuer credit ratings of “aa” of Principal Life Insurance Company and Principal National Life Insurance Company

Sony’s captive ratings affirmed by A.M. Best
16 February 2021
Bermuda Reporter Maria Ward-Brennan

A.M. Best has upgraded the long-term issuer credit rating to “a+” from “a” and affirmed the financial strength rating of A (Excellent) of PMG Assurance, which is based in Bermuda. The outlook of these credit ratings is stable

A.M. Best examines EIOPA’s Solvency II review advice
15 February 2021
UK Reporter Maria Ward-Brennan

While EIOPA’s advice, if implemented, would have the disadvantage of adding to complexity in the regime, A.M. Best’s says the proposals make a start in moving Solvency II “somewhat closer to providing an economic picture of insurers”

State Street’s captive ratings affirmed
01 February 2021
Vermont 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 Federated Underwriting Company (Federated), based in Colchester, Vermont

Gulf region sees captive interest increase
27 January 2021
UAE Reporter Maria Ward-Brennan

Ronny Vellekoop, senior executive officer, Marsh Captive Solutions in Dubai, says the firm is seeing an increase in captive figures from its clients in the GCC

A.M. Best affirms JPMorgan Chase captive ratings
15 January 2021
Vermont 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 Park Assurance Company, based in Colchester, Vermont

ConocoPhillips’ captive ratings affirmed
13 January 2021
Vermont 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 Sooner Insurance Company, based in Vermont

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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