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New Dawn Risk’s Webster forecasts bright 2022 for cyber captives

9th December 2021

New Dawn Risk's James Bullock-Webster believes that at some point in the coming year larger clients will no longer see value in transferring exposure to the insurance market, instead turning towards harnessing the unique benefits of captives. Bullock-Webster, who serves as Head of Technology, Media and Cyber, sees great potential for ... Read the full article

Labuan IBFC expansion sees 18 new captives approved so far in 2021

3rd December 2021

The Labuan International Business and Financial Centre (Labuan IBFC) has charted a 28% increase in premiums for its captive business so far in 2021, an expansion that has included the approval of 18 new captives. Labuan Financial Services Authority Director General, Nik Mohamed Din Nik Musa, praised the utilisation of protected ... Read the full article

European captives have been resilient to COVID-19: AM Best

23rd November 2021

According to a new report from rating agency AM Best, European captives have been resilient to the COVID-19 shock, generally maintaining stable ratings fundamentals during 2021. The rating agency believes that captives are an important risk management tool for their owners as they provide them with the flexibility to navigate the ... Read the full article

AM Best notes growing interest in GCC captives

16th June 2021

Analysts at AM Best have noted growing interest in the creation of captive insurance companies in the Gulf Cooperation Council (GCC) region, due partly to the hardening trend of international commercial insurance rates. The rating agency observed that the use of captive re/insurance in GCC countries has been limited to date, ... Read the full article

AHT Insurance announces Specialty Captives Programs

30th October 2020

AHT Insurance, a brokerage and consulting firm offering property and casualty, employee benefits, retirement, personal and international services, has enhanced its service offering with the addition of Specialty Captive Programs. A specialty captive is a private insurance solution designed to provide customisable coverage options for unique or difficult exposures business owners ... Read the full article

Labuan IBFC registers seven new captives in H1

14th September 2020

The Labuan International Business and Financial Centre (Labuan IBFC) registered seven new captives in the first half of 2020, more than the entirety of 2019. These new additions brings the total number of captives registered in the jurisdiction to 56, a growth of 9.8% year-on-year. Of the seven new captives formed, four are foreign ... Read the full article

COVID-19 related market dislocation could benefit US captives: AM Best

4th August 2020

A new AM Best report suggests that firming commercial insurance prices and impacts from the COVID-19 pandemic could present opportunities for the US captive insurance segment to increase its footprint in several lines of business. US captive insurers are meant to have continued their run of strong financial results in 2019, with ... Read the full article

European captives’ underwriting results supported by portfolio knowledge, says A.M. Best

10th December 2019

The balance sheet strength of European captives currently rated by A.M. Best is very strong, and, the broad understanding and detailed knowledge of the portfolios they cover is driving robust underwriting performance. In a recent report, “European Captives 2019 – Building Block Rating Considerations”, global financial services ratings agency, A.M. Best ... Read the full article

AM Best highlights performance of Bermuda, Cayman & Barbados captives

2nd December 2019

AM Best analysts have found captive insurance companies in Bermuda, Cayman Islands and Barbados to be outperforming the segment’s counterparts in the commercial casualty sector. In addition, a new milestone was reached in 2018 when net premiums earned surpassed $3.5 billion for the first time. A new AM Best market report explains ... Read the full article

RiverStone acquires two Cayman-based captives

30th October 2019

Legacy specialist RiverStone has announced the acquisitions of GMPCI Insurance Company, Ltd. and Seaside Indemnity Alliance Company, Ltd., which are both Cayman-based captives. Seaside Indemnity Alliance was established in 2013 in order to assume hospital and physician professional liabilities. GMPCI Insurance was launched in 2005 to provide insurance to anaesthesiologists, certified registered ... Read the full article

Rated captives continue to produce positive underwriting results: A.M. Best

16th August 2019

A.M. Best's universe of rated captives reported a pre-tax profit of roughly $1.1 billion in 2018, and while this represents a decline from the $1.3 billion posted in 2017, the ratings agency holds a favourable view of the sector, which is in part a result of consistent positive underwriting results. In ... Read the full article

International Re to offer first re/insurance solution for mid-sized captives

16th July 2019

International Re (I–RE), the specialist captive insurance and reinsurance MGA, has launched a re/insurance solution for mid-sized captives with the establishment of I–RE SA. Traditionally, highly-rated re/insurance capacity has only been available to large captives, but I–RE aims to open up market access for high performing mid-sized businesses. I–RE’s captive solution, which ... Read the full article

New tech allowing more captives to profit from third-party risks: Marsh report

5th June 2019

The number of captive insurers writing third-party business is rising as new technologies expand the ways in which organisations can deliver insurance solutions, says re/insurance brokerage Marsh in a new report. By underwriting third-party risks in a captive, parent companies can bring in additional premium and generate profits should the captive ... Read the full article

Sharing economy looks to captives

20th March 2019

Both Lyft Inc. and Uber Technologies Inc., two of the world's largest businesses in the ever-expanding sharing economy, recently established captive insurers in an effort to mitigate costs of insurance protection from third-party carriers. Ride-sharing firms Lyft and Uber have both established captive insurance companies in Hawaii, effectively enabling the pair ... Read the full article

Caribbean captives continue to outperform traditional markets: A.M. Best

20th November 2018

The captive insurance markets in Bermuda, the Cayman Islands and Barbados (BCIBs) continue to post strong double-digit RoEs and outperform more traditional commercial markets, according to analysts at A.M. Best. The rating agency noted that captive insurers remain the beneficiaries of very productive business models and strong loss control and risk ... Read the full article