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Ratings of National Grid captive affirmed

National Grid Insurance Company Limited, the captive insurer of the British multinational utilities company NG, has had its financial strength rating of A (Excellent) and the long-term issuer credit rating of “a” by A.M. Best

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HMRC targeting captives in IPT consultation

HM Revenue and Customs, the UK Government department responsible for the collection of taxes, is targeting captive insurance companies as part of its consultation on insurance premium tax

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Airmic and Aon produce guide for independent captive directors and managers

Airmic has collaborated with Aon to produce a guide for independent non-executive directors appointed to the boards of captive insurance companies

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Eurobase appoints new group director insurance

Eurobase international group has appointed Mark Broadhurst as group director insurance and a member of the group board

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Roundstone distributes over $5 million to group medical captive participants

US group captive specialist Roundstone recently distributed more than $5 million to business owners across the US currently enrolled in one of its group medical captives

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Asia Pacific and Carribean leading growth regions over five years, says Marsh

The Carribean and the Asia Pacific region have shown the most robust growth in terms of number of captive insurance companies over the past five years, up 9 percent and 11 percent, respectively, according to a report from Marsh

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Risk management moving to centre stage, says Airmic survey

Risk management is moving from the back office to centre stage and creating opportunities for RMI professionals to reposition themselves as strategic business partners, according to the 2019 Airmic member survey

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CIMA hails ‘promising start’ in first half of 2019

The Cayman Islands international insurance sector has made “a promising start to 2019”, according to the CIMA insurance supervision division

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Labuan IBFC and Swiss Re launch conference to enhance captive awareness in Asia

Labuan IBFC and Swiss Re Corporate Solutions are jointly organising a new conference in Kuala Lumpur, Malaysia, in August to enhance awareness of captive insurance in the region

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BMA chair Cox to receive 2019 Fred Reiss Lifetime Achievement Award

Jeremy Cox, executive chair of the BMA, will become the fourth recipient of the Fred Reiss Lifetime Achievement Award

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More captives writing third-party business in digital era, says Marsh report

The number of captive insurance companies writing third-party business rose by 22 percent in 2018 as the digital era expands the ways that organisations deliver insurance solutions, according to a report by Marsh

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CIC Services vows to continue fight against Notice 2016-66

CIC Services has vowed to continue its fight against Internal Revenue Service (IRS) Notice 2016-66, following the denial of its challenge in the US Sixth Circuit Court of Appeals last week

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