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BEF: Bermuda regulator setting worldwide standards

The Bermuda regulatory authority has set the standard for captive regulation worldwide, according to Tom McMahon, director of Citadel Reinsurance

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Pinnacle Actuarial develops new risk distribution measure

The paper is designed to assist insurance professionals in determining whether an insurance company has achieved sufficient risk distribution from an actuarial point of view

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Marsh awarded first Abu Dhabi captive management licence

Marsh Management Services has been awarded the first captive insurance management licence in Abu Dhabi

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AGCS UK names new CEO and deputy CEO

AGCS, Allianz Group’s specialist corporate insurer, has appointed Sinead Browne as UK CEO and Tracey Hunt as deputy UK CEO

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US home states' taxes biggest threat to captive industry

US home states trying to apply unlawful and unnecessary taxes is the biggest threat to the captive industry, according to Dan Towle, president of the CICA

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Crumbling foundations captive launch delayed

The launch of CFSIC, the non-profit captive set up to distribute remediation funds to assist homeowners by the ‘crumbling foundations’ issue, has been postponed

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Brexit creates uncertainty for Gibraltar insurers, says A.M. Best

The UK's exit from the EU creates uncertainty for insurers domiciled in Gibraltar, according to a report from A.M. Best

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OECD to publish ‘consensus’ discussion draft on financial transactions

The OECD intends to publish a second ‘consensus’ discussion draft on the transfer pricing aspects of financial transactions, with the aim of reaching an agreement on the final guidance in 2019

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Captives to run insurance industry in next 10 years

Captive insurance companies will run the insurance industry in the next 10 years, according to Jason Flaxbeard, executive managing director of captive management & consulting at Beecher Carlson

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Former Zurich head of APAC forms captive manager

The former Zurich head of captive management and business development for Asia Pacific, Sean Welsch, has launched a new captive management company, Welsch Captive Management, in the region

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Illinois captive framework reform back on track

The reform of Illinois’ captive regulatory framework is back on track following the state Senate’s unanimous vote to override governor Bruce Rauner’s amendatory veto of SB 1737

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Robus opens Malta office ahead of Brexit

Independent insurance management company Robus has opened an office in Malta as it continues to prepare to for Brexit

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