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Clark disputes Avrahami verdict
15 December 2017
Washington DC

Celia Clark, the lawyer who formed the Avrahamis’ micro captive Feedback, has weighed in on the court's decision to deny the Avrahamis’ motion for reconsideration.

Cayman captive industry generated $100m in 2016
14 December 2017
Grand Cayman

The Cayman Islands captive insurance industry generated $100 million for the island’s economy in 2016, according to a recent economic impact survey.

BDA board gains new chair
14 December 2017
Hamilton

Paul Scope has been elected as the new chair of the Bermuda Business Development Agency (BDA) and Shelby Weldon has been appointed to the board of directors.

Ameriprise captive rated ‘excellent’, says A.M. Best
14 December 2017
New Jersey

Ameriprise Captive Insurance Company (ACIC) has received a financial strength rating of “A (Excellent)” and a long-term issuer credit rating of “a+” from A.M. Best.

PRIIA to help grow Puerto Rico as a captive domicile
13 December 2017
San Juan

The Puerto Rico International Insurance Association (PRIIA) will play an expanded role in helping to grow the country into a leading captive insurance domicile, according to PRIIA president Hugo Cordova.

Brit launches new Bermuda-based SPI
13 December 2017
Bermuda

Insurance and reinsurance group Brit has launched a new Bermuda-domiciled collateralised reinsurance platform, Sussex Capital.

Two funds complete trade on ILSBlockchain
12 December 2017
St Peter Port

Two funds have completed what is believed to be the first secondary market securities trade on notes digitised on the ILSBlockchain, a private blockchain set up by Guernsey incorporated cell company Solidum Re.

NiSource captive rated ‘excellent’ by A.M. Best
11 December 2017
Oldwick

A.M. Best has given the financial strength rating of “A- (Excellent)” and the long-term issuer credit rating of “a-” to NiSource Insurance Corporation (NICI).

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