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Bermuda Stock Exchange buoyant in 2013

The Bermuda Stock Exchange (BSX) has published its year end review. It confirms that 2013 was a strong year for the exchange, with a significant increase in the listing of insurance linked securities...

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North Carolina licenses first four captives

The North Carolina Department of Insurance has confirmed that it has issued four captive insurance company licenses since the state's captive insurance legislation was enacted in October 2013...

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Bermuda Monetary Authority appoints director

The Bermuda Monetary Authority has confirmed the appointment of Andrew Gibbs to the position of director of supervision for insurance...

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New year sees muted demand from buyers

A number of converging factors has created a buyers market in nearly all lines of business, according to a report from Willis Re...

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Hong Kong lowers captive tariffs

The government of Hong Kong is aiming to slash the tax on captive profits by half, with help from the Inland Revenue...

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Four new jurisdictions save on collateral

Reinsurers in the UK, Germany, Switzerland and Bermuda are now eligible to be certified for reduced reinsurance collateral requirements under a new NAIC law. 's Credit for Reinsurance Model Law...

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Uniformity vital for reinsurance captives

States should develop a uniform and transparent solvency oversight regime for the transfer of risk to reinsurance captives, said a report by Nelson Levine de Luca & Hamilton...

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A.M. Best rates oil transporter captive

A.M. Best has assigned a financial strength rating of B+ (Good) and an issuer credit rating of "bbb-" to Transneft Insurance Company, JSC...

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JLT adds to construction division

JLT has recruited five people in London to expand its global construction practice...

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New role for Jim Swift at Holmes Murphy

Holmes Murphy & Associates' chairman Jim Swift will move into a new role as director of development opportunities...

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Delaware rejects captive status change

Steve Kinion, Delaware’s captive and financial insurance products director, has condemned a memorandum from Rhode Island insurance superintendent Joseph Torti that attempts to change the definition of a multi-state insurer to include captive insura

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Paul Owens appointed CEO of Willis GCM

Willis Group Holdings has confirmed the appointment of Paul Owens as CEO of the newly formed Willis Global Captive Management business...

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