The Parliament of the Cook Islands has passed the Captive Insurance Act 2013, following the introduction of the foundations for the industry in June 2012...
The South African Financial Services Board has released a discussion paper reviewing third-party cell captive insurance business models in a bid to reinforce the current regulatory framework...
A new report has revealed that New York-based insurers are being held accountable for at least $48 billion in hidden ‘shadow insurance’ transactions through captive and reinsurance entities...
Guy Carpenter & Company has recruited Jason Hurley as managing director of UK life reinsurance, effective 2 September 2013...
Guy Carpenter & Company has been awarded a patent for MetaRisk Reserve by the US Patent Office for creating a unique and predictive model for the analysis of reserve risk...
Peter Zaffino, chairman and CEO of Marsh, provided insight into managing change in the global marketplace at the 2013 Bermuda Captive Conference...
Hiscox has appointed Jeremy Pinchin to the role of CEO for Hiscox Re, as it looks to merge its reinsurance functions in London, Paris and Bermuda into a single business unit...
European organisations are failing to understand the risk of cyber threats and implement strategies to deal with it effectively, according to a new survey from Marsh...
The ACE Group has enhanced its web-based portal, ACE Worldview, to provide clients and their brokers with claims information for clients’ multinational insurance programmes with ACE...
Sunset Brands has finalised its acquisition of IVEST, a privately held financial services company with an emphasis on investment banking with products ranging from wealth advisory services to captive formation and management...
Legislation in South Carolina that will update protected cell law and allow captive insurance companies to become dormant has passed the House of Representatives 87-0, and is now in the hands of the Senate Banking and Insurance Committee...
A.M. Best has affirmed the financial strength rating of “A (Excellent)” and issuer credit rating of “a” of Spirit Insurance Company, based in Vermont...