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AXA’s reinsurance captive ratings affirmed as ‘superior’
21 December 2020
Amsterdam Reporter Becky Bellamy

A.M. Best has affirmed the financial strength rating of A+ (Superior) and the long-term issuer credit rating of “aa-” of AXA Global Re

A.M. Best: captives in Bermuda, Cayman and Barbados are outperforming commercial insurers
18 December 2020
New Jersey Reporter Maria Ward-Brennan

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

Itochu Corporation’s captives affirmed
18 December 2020
Bermuda 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 NEWGT Reinsurance Company, based in Bermuda

Specialty Builders Insurance Company ratings affirmed
17 December 2020
Georgia Reporter Maria Ward-Brennan

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

CNOOC’s captive rating affirmed
15 December 2020
Barbados 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

Telefónica’s captive reinsurer ratings affirmed
10 December 2020
Luxembourg 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 Nova Casiopea Re S.A. (NCRe), based in Luxembourg

Constellation’s RRG ratings affirmed
09 December 2020
Washington DC Reporter Maria Ward-Brennan

A.M. Best has assigned a financial strength rating of A (Excellent) and the long-term issuer credit rating of “a­” to MMIC Risk Retention Group, Inc. (MMIC RRG)

Accredited Specialty Insurance Company ratings confirmed
07 December 2020
Arizona Reporter Maria Ward-Brennan

A.M. Best has assigned a financial strength rating of A- (Excellent) and a long-term issuer credit rating (ICR) of “a-” to Accredited Specialty Insurance Company (ASI), based in Arizona

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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