The legislation, known as the EU's main piece of legislation in the insurance area, cites captives under its definition of ‘small and non-complex undertakings’.

The report also notes that rates continued to be relatively consistent, with most regions experiencing small decreases in the same period.

Vallejo joined Davies in 2015, having served in senior roles in the banking and markets team.

The platform extracts and normalises electronic health record data directly from the source, highlighting key points essential to underwriters and providing triage guidance.

In his new role, he will direct BMS Re’s operational expansion, from digital and technological capabilities to collaboration with its London and Bermuda offices.

Implied Cyber Threat (ICT) provides cyber risk insights and market context for more than 325 million organisations worldwide.

Under the act, premiums written above US$60 million will be taxed at a rate of 0.02 per cent, instead of the five per cent rate that applied previously.

The firm has invested in Moody’s RMS Intelligent Risk Platform to inject new data and functionality to support its analysts, providing better insights to frontline underwriters, as well as capital and pricing teams.

The event aims to bring together over 300 risk and insurance professionals from the Philippines and across Asia Pacific.

With 32 years of experience in the captive industry, he has led captive service operations in Bermuda, the Isle of Man and across EMEA.

In her new role, Morley will lead the growth and advancement of the AXIS offering in the professional liability market.

The upgrade reflects improved enterprise risk management practices, policies and procedures around Trisura’s risk management of US captive reinsurance contracts.