Canada Life Reinsurance has entered into a long-term reinsurance agreement to cover the longevity risk on £1.7 billion of liabilities for pension members of the Marsh & McLennan Companies (MMC) UK Pension Fund
The possible repeal of the 831(b) tax election could be “detrimental” to NC’s captive industry, according to a new memo from the state’s captive association and department of insurance, who have pre-emptively addressed the issue
Vermont’s Governor Phil Scott has revealed that the state’s Department of Financial Regulation has welcomed its 1,100 captive with the licensing of AssureCap Indemnity, a sponsored captive insurance company
Bermuda’s Solvency II bifurcation was “definitely a success”, according to Jeremy Cox, CEO of the Bermuda Monetary Authority (BMA)
Transaction volumes in the run-off market will continue to grow because of an influx of capital and increased amounts of buyers and sellers of legacy reserves, according to Andrew Beecroft, head of M&A advisory of GC Securities
Bermuda classes itself as the number one global captive domicile because it has the professionals in the industry that are able to work together and innovate together, attendees heard at the 13th annual Bermuda Captive Conference
The Latin American captive market continues to show steady growth in captive creation, according to a panel at the 13th annual Bermuda Captive Conference
A Bermuda Market Review, providing an overview of the captive insurance industry, is set to be released in the next few weeks, revealed Graham Lamb, assistant director of the BMA
The insurance industry is experiencing a talent crisis, but the Butler University student-run captive is an important step forward, according to a panel at this year’s annual Bermuda Captive Conference
London’s new ILS framework can make the city the global hub for innovative ILS solutions, but only if the UK regulator adopts a proportionate and responsive approach appropriate to the nature, scale and complexity of the risks assumed
Strategic Risk Solutions (SRS) has launched Superior Risk Solutions SAC, a class 3 segregated accounts company in Bermuda
The Bermuda captive insurance industry contributes an estimated $174 million every year to the island’s economy, according to a new research study conducted by PwC