The Cayman Islands captive insurance industry generated $100 million for the island’s economy in 2016, according to a recent economic impact survey.

Paul Scope has been elected as the new chair of the Bermuda Business Development Agency (BDA) and Shelby Weldon has been appointed to the board of directors.

Ameriprise Captive Insurance Company (ACIC) has received a financial strength rating of “A (Excellent)” and a long-term issuer credit rating of “a+” from A.M. Best.

The Puerto Rico International Insurance Association (PRIIA) will play an expanded role in helping to grow the country into a leading captive insurance domicile, according to PRIIA president Hugo Cordova.

Insurance and reinsurance group Brit has launched a new Bermuda-domiciled collateralised reinsurance platform, Sussex Capital.

Two funds have completed what is believed to be the first secondary market securities trade on notes digitised on the ILSBlockchain, a private blockchain set up by Guernsey incorporated cell company Solidum Re.

A.M. Best has given the financial strength rating of “A- (Excellent)” and the long-term issuer credit rating of “a-” to NiSource Insurance Corporation (NICI).

AssuredPartners has acquired Owen-Dunn Insurance Services of Sacramento

Liberty Specialty Market (LSM) is set to redomicile its insurance company to Luxembourg, while maintaining its London presence

A.M. Best has given a financial strength rating of “A- (Excellent)” and the long-term issuer credit rating of “a-” to Sigurd Rück

Insurance and reinsurance group Brit is to relocate its Gibraltar-based captive reinsurer to Bermuda

Captive domiciles Bermuda and the Cayman Islands were not featured on the European Union’s first list of non-cooperative tax jurisdictions blacklist