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Exclusive: Carrefour to close Ireland captive

French retail giant Carrefour will close its Ireland-domiciled captive after novating its non-life portfolio to AXA Corporate Solutions. Carrefour Insurance DAC was formed in 2004 and is a...
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Novea enlists Puerto Rico cell for captive reinsurance

Madison Re I.I., a protected cell company domiciled in Puerto Rico, will reinsure the pure captive owned by Novea Inc. Novea is a financial services software company that...
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JP Morgan captive rated ‘Excellent’

The Vermont captive owned by JPMorgan Chase & Co has had its financial strength rating of ‘A’ (Excellent) affirmed by A.M. Best. Park Assurance Company was formed in...
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Judge Holmes criticises “sloppy” policy language in latest Avrahami exchange

The Avrahami’s move for reconsideration of two findings of fact has been dismissed by Judge Holmes. Captive Review reported in August the US Tax Court had ruled in...
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