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Bermuda captive industry targets US markets

Captive insurance experts in Bermuda are set to host a forum in the US to promote and highlight the advantages of Bermuda as a captive domicile

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QBE launches new cyber risk solution

QBE North America has launched a new solution to help protect against the increasing threat of cyber intrusions

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Stable outlook for Sony captive

A.M. Best has revised the outlook of Sony Corporation’s Captive, PMG Assurance (Bermuda), from negative to stable

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Berkley Accident and Health shakes up captive team

Berkley Accident and Health has named Jim Hoitt as senior vice president of its captive business and appointed Lee Davidson as senior vice president of its stop-loss business...

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Utah approves Caitlin Morgan as captive manager

Caitlin Morgan Captive Services has been approved by Utah to serve as a captive manager in the state

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Captives feature on IRS ‘Dirty Dozen’ list again

The Internal Revenue Service has named micro captives on its ‘Dirty Dozen’ list of tax scams for the third consecutive year

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Kevin Doherty joins Dickinson Wright

Dickinson Wright has appointed lawyer Kevin Doherty as a member of its Nashville, Tennessee office

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Montana introduces dormant status for captives

Montana’s lawmakers have introduced a new captive bill that will allow inactive captive insurance companies to apply for dormant status

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Haddleton to focus on innovation as IMAC chair

The new Insurance Managers Association of Cayman (IMAC) chair Linda Haddleton has revealed her goal is to focus on innovation in the captive sector and to “diversify this domicile’s remit”

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Bermuda’s licenses 13 new insurers

Bermuda welcomed 13 new captives in 2016, with the majority coming from the US

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Guernsey Finance adds Hong Kong representative

Guernsey Finance has appointed Christopher Chan as its first Hong Kong representative

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Natural catastrophe losses top $39 billion

Insured loss estimates from major natural catastrophes was around $39.5 billion in 2016, the highest since the annual market losses of $60 billion witnessed in 2012, according to the 2016 summary of natural catastrophe events report from Willis Re

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