Owners beginning to executive their Beps plans – Anup Seth

Captive owners, particularly those from Europe, are beginning to act on the...
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Aon enhances run-off expertise as captive market matures

Aon’s Bermuda operation is becoming more actively involved in legacy solutions and...
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Solvency II equivalence beneficial to Bermuda’s captive market – Jeremy Cox

One year on from achieving Solvency II equivalence Jeremy Cox, CEO of...
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Deputies take on Weldon’s role at BMA

There are no plans to appoint a direct replacement for Shelby Weldon,...
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Butler captive up and running, new risk manager brought in

Butler University sent 14 risk management students to Bermuda earlier this month...
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R&Q acquires Bermuda captive

Run-off specialists R&Q has agreed to acquire the wholly-owned captive insurer of...
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Aon partners fund manager to launch new ILS platform

Aon Insurance Managers has partnered with the largest fund administrator in the...
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Sony captive has outlook revised

The Bermuda-domiciled captive owned by Sony Corporation has had its ratings outlook...
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Shell pension captive among Bermuda’s new 2016 licences

The Bermuda Monetary Authority licensed 13 new captives in 2016 and ended...
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KPMG’s Richard Lightowler to retire, Morrison steps in

Richard Lightowler, managing director and head of insurance at KPMG in Bermuda,...
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Children’s Health System re-domiciles Bermuda captive

Virginia-based Children's Health System Inc, which operates the Children's Hospital of The...
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Marsh completes Shelby Weldon coup

Shelby Weldon, formerly director of licensing and authorisation at the Bermuda Monetary...
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Video: Michael Frith on emerging markets in Bermuda

Michael Frith, director in the corporate department in the Bermuda office of...
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Video: David Doyle on Solvency II equivalence in Bermuda

David Doyle, of Conyers Dill & Pearman, discusses industry's reaction to Solvency...
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Video: Charles Collis on Bermuda ILS growth

Charles Collis, of Conyers Dill & Pearman, discusses the growth in Bermuda's...
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R&Q adds Bermuda cell company to legacy acquisitions

Run-off specialists R&Q have completed to acquisition of Agency Program Insurance Company...
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Bermuda considers LLC legislation, inspired by Delaware

The Bermuda government is considering new legislation that would introduce limited liability...
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Citadel renames its captive management division

Cedar Management has been renamed Citadel Management Bermuda Limited to reflect its...
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Bermuda Report 2016

Bermuda has a rich history as the world’ leading offshore jurisdictions for...
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Aon Bermuda appoints new MD

Aon Insurance Managers (Bermuda) has appointed Anup Seth as its managing director,...
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Bermuda’s Insurance Manager Code of Conduct open for comment

The Bermuda Monetary Authority (BMA) has published its Insurance Manager Code of...
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Husbands and Bird take new roles in Marsh’s Bermuda office

Jill Husbands has been made chairman of Marsh IAS Bermuda, while Lawrence...
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SOBC makes first Bermuda captive acquisition

Run-off specialists SOBC Corp has completed the acquisition of Insuratex, Ltd, a...
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Bermuda licenses 22 new captives

Bermuda, the largest captive insurance domicile in the world, licensed 22 new...
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Bermuda achieves SII equivalence with captive carve-out

The Bermuda Monetary Authority’s (BMA) (re)insurance regulatory regime has been approved as...
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Exclusive: Oliver Heyliger leaves Willis’ Bermuda office

Oliver Heyliger has resigned as managing director of Willis Global Captive Practice’s...
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UPDATE: Amtrak confirm $275m cat bond completion

The Amtrak issued catastrophe bond has been completed at $275m, $75m above...
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EIOPA publishes Bermuda progress on Solvency II

The European Insurance and Occupational Pensions Authority (EIOPA) has recognised the progress...
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INPEX captive rated ‘Excellent’

Japanese oil company the INPEX Corporation has had the financial strength rating...
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Half year captive formations up in Bermuda

Bermuda has licensed 10 new captive insurance companies in the first half...
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Poland removes Bermuda from blacklist as domicile fights back

Poland has removed Bermuda from its “blacklist” of countries that are deemed...
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Healthcare Report 2015

Creating or joining a captive vehicle to cover your healthcare risks is...
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The Bermuda Report 2015

Bermuda is an established and well respected domicile for both traditional and...
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Bermuda’s Solvency II equivalence bid reaches European Parliament

Bermuda’s bid to achieve full Solvency II equivalence, excluding its captives, has...
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Guernsey will not follow Bermuda on Solvency II equivalence – Dominic Wheatley

Dominic Wheatley, chief executive of Guernsey Finance, has put to bed claims...
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Latin American captives drive growth in Bermuda

Latin American companies accounted for 25% of all the new captives established...
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Bermuda relishing domicile competition, anticipates Solvency II approval

Shelby Weldon, director of licensing and authorisation at the Bermuda Monetary Authority...
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Expect Guernsey and others to follow Bermuda approach to Solvency II equivalence – Malcolm Cutts-Watson

Offshore jurisdictions may reconsider whether to seek Solvency II equivalence if Bermuda...
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JLT Towner Bermuda targets US business

Beverley Todd, executive vice president for international captive manager JLT Insurance Management...
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New chairman for Willis Bermuda

Paul Scope has been appointed the chairman of Willis Bermuda, a role...
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Bermuda makes move to meet Solvency II caveats

The Bermuda Monetary Authority (BMA) has published the enhancements it plans to...
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ECIROA seeking EIOPA clarity on Solvency II third country equivalence

Guenter Droese, chairman of the European Captive Insurance and Reinsurance Owners’ Association...
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Roundstone partners Columbus Chamber of Commerce for healthcare captive

The Columbus Chamber of Commerce has formed an exclusive partnership with Ohio-based...
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Bermuda at a crossroads in relationship with Europe – Jeremy Cox

Jeremy Cox, CEO of the Bermuda Monetary Authority (BMA), has used the...
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Captive formations in Bermuda slows as 16 new entities licensed in 2014

Bermuda, the world’s largest captive domicile, licensed 16 new captives in the...
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GVB utilise Bermudan SAC for first Swiss Franc cat bond

Switzerland-based building insurer Gebäudeversicherung Bern (GVB) has issued the first Swiss Franc-denominated...
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Bermuda progress towards Solvency II equivalence, captives not included

Solvency II equivalence for Bermuda has moved one step closer after the...
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EFG set to begin Bermuda operation

EFG Wealth Management will open a new office in Bermuda on 15...
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Sony captive rated ‘Excellent’, expected to add employee benefits

The Bermuda pure captive PMG Assurance, owned by technology giant Sony, has...
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Evergreen captive rated ‘Excellent’

The Bermuda-domiciled pure captive Evergreen Insurance Company Limited (EICL) has had its...
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MetLife complete captive re-domestication as part of wider merger

Life insurance giant MetLife has completed the re-domestication of its Bermuda captive...
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R&Q poised for two captive acquisitions in Bermuda

Randall & Quilter has announced Group pre-tax results for the year ending...
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Bermuda and Ireland recommended for reinsurance jurisdiction approval by NAIC

The National Association of Insurance Commissioners (NAIC), in the United States, has...
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Bermuda and Norway among positives in R&Q results

Bermuda, Norway and the United States were among the positive aspects of...
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Bermuda’s ILS surge confirmed

Bermuda’s bumper 2013 for insurance-linked securities (ILS) has been confirmed by Axco,...
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Xapo insures Bitcoin vault through captive

Bitcoin wallet company Xapo has announced it has been insuring its users’...
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The BDA appoints Ross Webber as CEO

The Bermuda Business Development Agency (BDA) has appointed Ross Webber as chief...
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Kane catbonds surpass $135m in 12 months

Kane SAC has issued two new notes on the Bermuda Stock Exchange...
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Vale’s Barbados captive rated by Moody’s, risk transferred from Switzerland

Brazilian mining giant Vale S.A. has had its Barbados captive assigned a...
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Captive and SPI growth slows in Bermuda

The Bermuda Monetary Authority (BMA) licensed seven new captives in the first...
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CTC Insurance Management signs up new COO

William Wood has been appointed chief operating officer at Bermuda-based CTC Insurance...
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UFP has ‘Excellent’ A.M. Best rating affirmed for Bermuda captive

Ardellis Insurance Ltd, the single parent captive of Universal Forest Products, has...
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Bermuda Report 2014

Featuring insights from the BMA, KPMG, Artex, Butterfield and several other leading...
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Bermuda stats show Latam is more than just hype

Latin American interest in captives materialised into formations last year, with a...
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BMA to introduce electronic reporting

The Bermuda Monetary Authority (BMA) plans to introduce electronic reporting for its...
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BMA insurance registrations up 72%

Bermuda registered 24 new captives and a record 51 special purpose insurers...
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Bermuda captive receives positive rating

Ratings agency AM Best has affirmed the financial strength rating of A-...
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ILS listings buoyant in Bermuda

The Bermuda Stock Exchange (BSX) listed almost $10bn in insurance-linked securities (ILS)...
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BMA appoints insurance supervisor

The Bermuda Monetary Authority (BMA) has appointed Andrew Gibbs as the director...
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Bermuda sees 76% more captives than 2012

Bermuda has maintained solid growth in its captive insurance sector so far...
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Ecopetrol’s captive gets rating upgrade

Global ratings agency Fitch, has upgraded the Insurer Financial Strength (IFS) of...
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Bermuda based SAC Re finds buyer

S.A.C. Re Holdings, Ltd. has found a buyer for its Bermuda-based Class...
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Argo establishes Bermuda SPI

Insurance and reinsurance company Argo Group have established a new Bermuda-domiciled special...
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After the deluge

The appeal of ILS is obvious: it is uncorrelated to the broader...
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Bermuda signs UK IGA

Bermuda signed a Foreign Account Tax Compliance Act (FATCA) Intergovernmental Model 2...
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Third Point Re reports positive Q3

Bermudian reinsurer Third Point Re reported increases in underwriting and investment returns...
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Bermudian reinsurer appoints board members

Bermuda-based specialty property and casualty reinsurer Third Point Reinsurance Ltd., has appointed...
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Bermuda to become Islamic finance hub

Bermuda plans to become a leading western destination for Islamic finance, building...
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Bermuda-based BNY Trade gets positive rating

AM Best has affirmed the financial strength rating of A (Excellent) and...
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Bermuda insurance registrations increase

Bermuda’s insurance company registrations have increased 61% year-on-year. The latest figures from...
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Bermuda's Aspen Re launches Rock Re

Bermuda-based Aspen Reinsurance, the reinsurance segment of Aspen Insurance Holdings Limited has...
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Endurance Re US appoints CUO

Bermuda-based specialty insurer, Endurance Specialty Holdings Ltd. has appointed Christopher Donelan as...
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Hiscox Bermuda makes two appointments

Specialty insurer Hiscox has expanded its non-property catastrophe business with two Bermuda-based...
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Tokio Millennium Re completes redomestication

Tokio Millennium Re (TMR), a subsidiary of Tokio Marine Holdings Inc. &...
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Endurance appoints executive vice president

Specialty (re)insurance provider, Endurance Specialty Holdings, has appointed Graham Evans as executive...
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SAC Capital looking for SAC Re buyer

Hedge fund firm SAC Capital Advisors LP is seeking a buyer for...
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Ironshore appoints Johnson to Pembroke board

Bermuda-based specialty property and casualty broker Ironshore has appointed Mark Johnson to...
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Fairfax completes American Safety acquisition

Fairfax Financial Holdings Limited has completed its acquisition of American Safety Insurance...
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Validus establishes Swiss underwriting operation

Bermuda-based Validus Holdings is establishing a Swiss underwriting company, transforming the existing...
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The Great Migration

While a perfect storm of political and fiscal pressure is causing US...
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German hailstorm to cost PartnerRe up to $60m

PartnerRe has estimated that the cost of the German hailstorms in July...
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Catalina acquires Bermudian reinsurer

Bermuda-based runoff consolidator Catalina Holdings has signed an agreement to acquire Alea...
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BMA accepts NAIC qualified jurisdictions listing

The Bermuda Monetary Authority (BMA) has accepted its invitation to participate in...
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Enstar complete acquisition of Bermuda reinsurer

Bermuda-based run-off specialists Enstar Group Limited has completed the joint acquisition of...
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Bermuda SPI appoints CEO

Bermuda-based special purpose insurer (SPI) Multi-Strat Re Ltd has appointed Bob Forness...
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R&Q complete Bermuda move

Independent captive manager and run-off specialists Randall & Quilter (R&Q) has completed...
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Bermuda reports steady captive growth

Bermuda registered 47 new insurers for the period ending July 2013; this...
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Tower terminates acquisition of ASRe

Bermuda-based international insurer Tower Group International will not acquire American Safety Reinsurance...
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Drop in Enstar's H1 profits

Bermuda-based run-off specialists, Enstar Group has reported a net profit of $19.1m...
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Michael Harden named CEO of Willis Re Bermuda

Michael Harden, currently chairman of Willis Re Australia, has been appointed CEO...
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Bermuda's Axis Capital reports Q2 profit fall

Bermuda-based insurer and reinsurer Axis Capital Holdings Ltd. reported net income of...
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S.A.C Re's ratings placed under review

Rating agency, A.M. Best has placed the financial strength rating of “A-...
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Editor's Letter: August 2013

One of the advantages of writing about captive insurance for a living...
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PartnerRe reports Q2 losses

Bermuda-based PartnerRe Ltd. has reported a loss of $175.6mn for the second...
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Bermuda reports 40% increase in Q2 insurer registrations

Bermuda has registered 34 new insurers in the first half of this...
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RenRe forms business stateside

Bermuda-based reinsurer RenaissanceRe Holdings Ltd has formed a new specialty reinsurance agency...
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Hardy appoints non-exec director

Bermuda-based Lloyds insurer, Hardy has appointed a former Willis risk management leader...
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PartnerRe estimate large flood related losses

Bermudian reinsurer PartnerRe has estimated that the cost of June’s European floods...
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Hiscox Re appointments

Hiscox Re, the reinsurance division of Bermuda-based insurance and reinsurance group Hiscox,...
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R&Q to redomicile to Bermuda

Specialist non-life insurance investor, Randall & Quilter (R&Q) has received court approval...
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Hiscox launches new Bermuda SPI

Bermuda-based insurer Hiscox has brought a new, fully capitalised special purpose insurer...
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R&Q novates MPPA insurance contracts

Randall & Quilter Investment Holdings plc (R&Q) have reached agreement with MPPA...
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Bermuda's PartnerRe appoint two board members

Bermuda-based reinsurer PartnerRe has appointed Debra Perry and Greg Seow to its...
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Overseas territories agree on G8 tax information deal

UK Prime Minister David Cameron has obtained agreement from Britain's overseas territories...
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Cannonier criticises Reuters

Bermudian Premier, Craig Cannonier, has objected to a Reuters headline which quoted...
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Capital G hire former Butterfield senior banker

Bermuda-based Capital G Bank Ltd has appointed former Butterfield senior banker Bob...
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UK asks ‘tax havens’ to sign convention

UK prime minister, David Cameron has requested for the senior ministers of...
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Axis hires new third-party capital head

Bermuda-based global insurance and reinsurance group AXIS Capital Holdings have appointed a...
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Bermuda's Enstar acquires Atrium and Arden Re

Bermuda’s Enstar Group Ltd. has confirmed it has entered into an agreement...
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Bermuda fears reinsurance bill will be passed without warning

The Association of Bermuda Insurers and Reinsurers (ABIR) have said that the...
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Tower expands their Bermuda reinsurance business

Tower Group International, Ltd. has entered into an agreement to acquire the...
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Performa continue global expansion with new hire

Global investment manager P.R.P. Performa, has named Sandi Prescott as its global...
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MetLife capitulates to DFS and repatriates captive to US

MetLife, the US’s largest life insurer, is repatriating its offshore captive business...
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BMA announces senior management team realignment

The Bermuda Monetary Authority (the Authority) has announced structural changes within its...
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Insurance linked securities listing on Bermuda exchange soar

The total volume of insurance-linked securities (ILS), including catastrophe bonds and reinsurance-linked...
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RenRe’s CEO to retire

RenaissanceRe’s CEO Neill Currie, who co-founded the reinsurer in 1995, has announced...
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Sirius International announce ILS team

Sirius International Group, Ltd. have appointed Michael Halsband and Deanne Nixon to...
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AIG appoints Bermuda head

American International Group has appointed Anthony Philip as the new president and...
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Tokio Millennium Re to redomesticate to Switzerland

Tokio Millennium Re Ltd. plans to redomesticate its place of incorporation from...
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Bermuda warns FACTA could be costly

Bermuda’s premier has warned that complying with the US’s Foreign Account Tax...
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Bermuda helps UK fight tax evasion

Bermuda has entered into “automatic exchange of information agreements” with the United...
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R&Q plan redomiciliation to Bermuda amidst Solvency II uncertainty

UK based Randall & Quilter (R&Q) plan to redomicile their holding company...
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New cat bond for Allianz

Allianz have issued a new catastrophe bond with aims to gain reinsurance...
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Five new captives for Bermuda Q1 2013

New (re)insurers starting up in Bermuda has increased 85% over the past...
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Bermuda Business Development Corporation merger finalised

The Bermuda Business Development Corporation (BBDC) have finalised their merger with Business...
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BMA creates new executive role

The Bermuda Monetary Authority (BMA) has appointed former director of insurance supervision,...
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Catalina completes acquisition of KX Re

Catalina Holdings (Bermuda) Ltd. have completed their acquisition of KX Reinsurance Co....
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Substantial captive growth reported globally

Bermuda, Guernsey and Vermont saw substantial growth in captives across 2011.  ...
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Bermuda’s equivalence ‘could be limited’

Bermuda will not have to apply the most stringent aspects of Solvency...
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Bermuda offered ‘segmented equivalency’ by EC

Bermuda will not have to apply the most stringent aspects of Solvency...
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Bermuda licenses two new Canadian captives

Bermuda has reported an increase in Canadian captives looking to domicile in...
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Bermudan captive liquidated

A Bermudan captive reinsurer parented by YMCA was liquidated on November 9....
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Bermuda receives final Solvency II reports

Bermuda has received the European Insurance and Occupational Pensions Authority’s final reports...
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JPMorgan Chase novates liabilities

JP Morgan Chase & Co has novated liabilities from its Bermudan captive...
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Bermuda benefits from Captive Live clients

Bermuda believes the world still needs to be educated on the benefits...
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Honeywell looks to write new risks

Honeywell is looking to write trade credit and supply chain risks into...
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Trucking company decides to start captive

An Illinois-based trucking company is looking to start a captive.   Compass...
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Court case raises doubts about rent-a-captives

A multimillion dollar court case ruling is predicted to have “major implications”...
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Bermudan captives may be spared Solvency II

A draft report by the European Insurance and Occupational Pensions Authority (EIOPA)...
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AM Best upgrades ratings of BNY Trade Insurance

AM Best Co has upgraded the financial strength rating (FSR) to A...
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Bermuda tax law extension will provide ‘comfort and certainty’

The extension to existing tax exemptions for Bermuda companies outlined in the...
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Kane believed to be buying HIM

HSBC Bermuda is thought to have accepted an offer from Kane to...
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BMA consults on risk-based model for long-term insurers

The Bermuda Monetary Authority (BMA) has issued a consultation paper on long-term...
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Risk managers more visible, says Marsh

Risk managers are becoming more visible and active across their organisations wielding...
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David Sykes to join Strategic Risk Solutions

Captive management and consultancy firm Strategic Risk Solutions (SRS) announced yesterday (11...
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BMA outlines approach to Solvency II equivalence

The Bermuda Monetary Authority (BMA) has published details of its proposals for...
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BMA fills newly-created COO position

The Bermuda Monetary Authority (BMA) announced the appointment on 19 July of...
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Risk Service/AmTrust merger announced

Captive management/consulting firm and reinsurance intermediary Risk Services is to merge with...
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Aon launches Bermuda consulting office

Aon Global Risk Consulting (AGRC) announced on 28 June that it is...
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BMA launches internal model for Solvency II

The Bermuda Monetary Authority has launched a pilot of its internal capital...
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BMA launches internal model for Solvency II

The Bermuda Monetary Authority has launched a pilot of its internal capital...
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Captive Review Bermuda Report 2010

Captive Review Bermuda 2010

White Rock launches in Isle of Man

Aon’s White Rock has launched a protected cell company (PCC) in the...
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Reorganised GM captive breeds new manager

© GM Corp General International Limited (GIL), General Motors’ Bermuda-based captive insurance...
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List in Our Services Directory

To submit your entry click on the link below, benefits include: 12...
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LOM to leave Cayman for Bahamas

LOM Holdings has announced that it will be closing its Caribbean office...
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The captive industry has reacted with scorn to the IRS’ attitude towards the 831(b) tax...
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The cover for this month’s edition went through various iterations, with one version particularly hard...
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As the gig economy evolves and workers file lawsuits to strengthen their rights, companies are...
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Rich Smith of the Vermont Captive Insurance Association (VCIA) and Josh Magden of Texas Captive...
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Captive Review was joined by Generali Employee Benefits (GEB) and American multinational Cargill Incorporated, to discuss...
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