The concessions of the Internal Revenue Service in a legal challenge of a captive insurance company have been accepted by a judge in a US Tax Court before trial
A.M. Best has affirmed the financial strength rating of “A” (Excellent) and the long-term issuer credit rating of “a+” (Excellent) of Castle Harbour Insurance and Harrington Sound Insurance, the captives of Schlumberger
Reinsurers rank climate change as the top risk facing the global insurance industry, according to PwC’s latest survey
Insurtech platform for parametric insurance solutions Arbol has launched Arbol Underwriters Ltd, a Bermuda-based registered insurance agent that pairs reinsurance capacity with parametric insurance risks
Genesis Legacy Solutions has issued its first loss portfolio transfer agreement through its Vermont cell to an affiliate of Cypress Property and Casualty Insurance Company
Vesttoo has appointed Robert Hauff as portfolio manager for the alternative reinsurance and investment platform’s insurance-linked programme
A.M. Best-rated European captives have generally been resilient to the effects of the COVID-19 pandemic and have maintained stable ratings fundamentals throughout 2021, according to the credit rating agency in a new market segment report
Somers Risk Consulting has appointed Eva Conley as senior manager of captive consulting services
Acrisure Re, the reinsurance division of global insurance broker and fintech platform Acrisure, has appointed Ian Wicks as executive vice president and Simon Arnott as senior vice president, effective immediately
Compre has completed its acquisition of a US$417 million legacy liability portfolio from global reinsurer SiriusPoint
A.M. Best has affirmed the financial strength rating of “A” (Excellent) and the long-term issuer credit rating of “a” (Excellent) of Stellar Insurance (Bermuda), a single-parent captive of Saudi Arabian Oil Company
Captive insurance and reinsurance management companies are specifically excluded from new guidance by the Central Bank of Ireland on the use of service companies for staffing purposes in the insurance sector