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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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Paul Schiavone to lead Allianz ART

Allianz Global Corporate & Specialty’s alternative risk transfer (ART) business will be led by Paul Schiavone, taking over from Bill Guffey. Guffey has left Allianz ART after 15...
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