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MS Amlin launches new Australian office

MS Amlim has opened a new Australian branch office in Sydney, appointing Matt Botfield as head of Australia and New Zealand

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Tennessee reports fifth consecutive year of captive growth

Tennessee saw a 17 per cent growth in active cells and a 14.7 per cent overall growth in risk-bearing entities in 2024 from 2023

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AM Best revises outlook to ‘positive’ for Fidvest US

AM Best has revised its outlook to ‘positive’ from ‘stable’ for Fidvest US, a South Carolina-based pure captive owned by Fidelity Management & Research (FMR)

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Sompo secures local licences in Belgium and Netherlands

The move allows the company to enhance its commercial insurance capabilities and broaden its product suite across Europe

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IRS wins microcaptive tax case involving Sani-Tech West

The US Internal Revenue Service (IRS) has won the latest microcaptive tax shelter case, involving Sani-Tech West and its captive, Clear Sky Insurance, created to cover shipping losses

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CIRCA’s ReConnect returns in April

The Cayman International Reinsurance Companies Association (CIRCA) will host its second annual ReConnect Conference on 10-11 April 2025 at The Ritz-Carlton, Grand Cayman

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Willis unveils new insurance solution

Willis, a WTW business, has launched AdWrap, a master-controlled insurance programme tailored to meet the production insurance needs of businesses and their contracted vendors in the US

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Aquarian Insurance Holdings launches

Aquarian Holdings has launched Aquarian Insurance Holdings to unify its reinsurance and retail insurance operations

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Hymans Robertson appoints Wellard

Hymans Robertson has named Richard Wellard as its new head of alternative risk transfer solutions

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Howden to acquire Barnett Waddingham

The merger will double Howden's global employee benefits business, bringing together approximately 4,000 experts and generating combined revenues approaching £500 million worldwide

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ILS market worldwide hits record US$107 bn in 2024

The insurance-linked securities (ILS) market reached a record capacity of US$107 billion by the end of 2024, driven by retained earnings and new capital inflows, according to a recent AM Best report

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AM Best assigns ‘B++’ rating to Cadence Indemnity

AM Best has assigned a financial strength rating of ‘B++’ (Good) and a long-term issuer credit rating of ‘bbb+’ to Cadence Indemnity, single-parent captive of the Sullivan Brothers Family of Companies

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