Bermuda Monetary Authority (BMA) licensed three new captives between January and April 2024, taking the total number in the domicile to 630.
The offering is designed for EU-based providers, including custodians, exchanges and administrators, who must comply with the forthcoming Markets in Crypto-Assets Regulation (MiCA).
AI-powered platform Sentrisk with integrated advisory services allows clients to map supply chains and upgrade their operational plans.
In his new role, Scheerer will bring a wealth of experience and expertise to bolster CAC Specialty’s presence in key sectors, such as private equity, real estate, construction and management liability.
The new division will provide solutions and guidance to healthcare providers and their insurers, and provide access to BMS’s broad range of insurance, reinsurance and risk management services and products.
The new practice will brings together Marsh's parametric solutions, alternative risk transfer, captives and complex risk offerings.
Harris joined the firm in 2022 as an associate focusing on mining and heavy industry.
The report also notes that rates continued to be relatively consistent, with most regions experiencing small decreases in the same period.
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?
Frances Jones reviews captive growth in Europe, while assessing proposed amendments to Solvency II regulations, set to facilitate further expansion within the EU
Frances Jones reviews the proliferation of PCCs in the captive industry and across key domiciles
Industry experts discuss 2023’s captive market performance, trends and developments and share predictions for the coming year
Marsh’s Ellen Charnley speaks to CIT about ReadyCell, the company’s AI-powered risk financing solution
Alyssa Preidt of Capterra Risk Solutions speaks to Frances Jones about her experiences and influences in the industry
Kirk Watkins talks to CIT about Promethean Risk Solutions’ unique programmes which redistribute profits back to clients. He also discusses how the company utilises its captive ‘FairShare’
John Savage speaks to Kevin Mead about the recent delegation of government, regulatory and industry representatives sent to Mexico
Market participants consider the captive growth in Singapore, while identifying its barriers and opportunities
Industry participants discuss their hopes for captives in Latin America, as well as recent developments and the barriers to captive uptake in the region
Although Ireland hasn’t experienced a huge amount of growth within its captive market over the last few years, there is said to be a renewed interest in Dublin as a preferred domicile
Singapore’s ILS market has grown since its introduction in 2018, and after recently extending the grant scheme until the end of 2022, industry professionals suggest that the market will continue to expand beyond this new deadline
