The company intends to merge with the acquired captive in due course, and reinsure the longer-tail portion of the portfolio with its core risk carrier in Germany, Darag Deutschland AG.
With a value of US$13.75 million, the bond aims to provide the firm with incremental retrocession protection.
Based in Singapore, Thomas will report to Chris Colahan, AIG regional president in Asia Pacific.
Based in Melbourne, Solution is a specialist insurance underwriter that focuses on financial lines insurance products.
Aspen will be the sole cedant to Pando Re and Pimco will be the investment manager.
HDI Global has introduced climate risk reporting to assist clients with physical climate risk analysis, in line with EU taxonomy guidelines.
Convergence aims to target the insurance of credit risk portfolios, addressing the growing needs for portfolio solutions among banks and global financial institutions.
Ryan Martin, captive supervising financial analyst, South Carolina Department of Insurance speaks with Captive Insurance Times about his journey into the industry
Marsh’s Ellen Charnley speaks to CIT about ReadyCell, the company’s AI-powered risk financing solution
Milliman’s Tara Miller speaks to Frances Jones about her experiences and influences in the industry
Alyssa Preidt of Capterra Risk Solutions speaks to Frances Jones about her experiences and influences in the industry
As the US cannabis industry grows, suboptimal insurance coverage has left industry players vulnerable to risk. CLIC RRG aims to offer the cannabis industry a new option
The insurance industry has been considered a ‘laggard’ to financial services in adopting new technologies such as the cloud. However, for generative AI, insurers have been quick to recognise opportunities. But what will this mean for workers and captive markets?
The benefits of diversity in the workplace are widely known, although achieving it is not a ‘quick-fix’ solution. While centuries of systemic gender and racial biases remain deeply entrenched in society, an all-female panel of industry leaders at the World Captive Forum discusses challenges to leadership and diversity strategies for companies
Dana Munnings-Gray, acting superintendent of insurance, outlines the benefits of The Bahamas as a captive domicile
Datuk Iskandar Mohd Nuli summarises how Labuan IBFC provides a complete captive-centric ecosystem that caters to the lifecycle of a self-insurance company
Strategic Risk Solutions observes further domestic options for Canadian captives, while examining the markets of onshore domiciles, Alberta and British Columbia, and offshore in Barbados
MOCIA’s revitalised board discuss their aims for captive insurance in the region in 2024