Captives will need to prepare for “drastic changes” in their reporting to ensure compliance with the upcoming requirements of IFRS 17, according to Marsh

The Geneva Association has appointed Christian Mumenthaler, CEO of Swiss Re, as chairman, succeeding outgoing chairman Charles Brindamour, who will remain on the association’s board

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