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Bermuda Captive Conference to explore evolving risk strategies

The Bermuda Captive Conference will return to its summer schedule this year, taking place from 9 to 11 June at the Hamilton Princess Hotel and Beach Club

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Hiscox names Peter Clarke as new Chair

Clarke will join the board on 1 June and will succeed interim chair Colin Keogh, who is stepping down from the board the following month

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Nevada captive council appoints new board

Josh Miller, CEO of KeyState Captive Management, has been elected as NCIC president, while Renea Louie, CEO of Sotera Global Management, has been re-elected as secretary

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Novel Financial launches with MGU-focused strategy

Novel’s business model combines fee-based income from insurance services with underwriting performance from its carriers

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Hong Kong promotes re-domiciliation to Toronto insurers

Hong Kong’s Secretary for Financial Services and the Treasury, Christopher Hui, promoted the city’s new re-domiciliation regime to Canadian insurers, including captives, during his visit in Toronto

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UK and Saudi Arabia strengthen insurance education ties

Bayes Business School has signed a three-year education agreement with the Saudi Insurance Authority to support the development of insurance and actuarial expertise in the country

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AM Best assigns ‘B++’ rating to Mondelez’s captive

AM Best has assigned a financial strength rating of ‘B++’ (Good) and a long-term issuer credit rating of ‘bbb+’ to Berkeley Re, single-parent captive of Mondelez International

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SiriusPoint names new strategy and development chief

Global specialty (re)insurer SiriusPoint has appointed Philip Enan as chief strategy and corporate development officer

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AM Best affirms ‘Excellent’ ratings for BNY Mellon’s captives

AM Best has affirmed the financial strength ratings of ‘A’ (Excellent) and long-term issuer credit ratings of ‘a+’ (Excellent) for BNY Trade Insurance and The Hamilton Insurance Corporation

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CIC Services broadens liability cover amid market strain

CIC Services has expanded its EnviroCap Liability programme to provide additional cover within a captive insurance structure for businesses facing rising insurance costs and limited coverage options

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WTW appoints Leclere to lead French captive team

Edwina Leclere will lead the firm’s captive growth strategy in the French market and build a dedicated management team based in Paris

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Global Captive Management launches Outcomes SPC

Global Captive Management has launched Outcomes SPC, a segregated portfolio company aimed at lowering barriers to entry for businesses considering captive insurance

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