Friday, April 19, 2024
Mark Richardson

Trisura ratings outlook revised as captive exposure reduced

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Fronter last year received a negative outlook from AM Best after a...
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Monday, April 01, 2024
Mark Richardson

AM Best affirms ratings of NiSource’s Utah captive

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Captive provides all-risk property, workers’ compensation, excess general and automobile liability, medical...
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Friday, March 22, 2024
Mark Richardson

AM Best affirms ‘Good’ credit ratings of Ecopetrol captive

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Colombian energy company’s Bermuda-domiciled captive reinsurer enjoys profitable technical results backed by...
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Thursday, March 07, 2024
Mark Richardson

ConocoPhillips captives receive ratings

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Vermont-based Sooner has ratings affirmed, while Texas-based Rodeo, 100% reinsured by Sooner,...
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Thursday, March 07, 2024
Mark Richardson

JP Morgan captive gets ratings affirmed

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Vermont-based captive Park provides global property coverages, including terrorism, cyber and banker’s...
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Monday, February 26, 2024
Mark Richardson

Petronas captive receives negative ratings outlook

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Malaysia based captive has had a higher than expected frequency of large...
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Friday, February 23, 2024
Mark Richardson

AM Best assigns ratings to Related Companies captive

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Vermont-based captive provides general liability, workers’ compensation, and property coverage   AM...
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Friday, February 09, 2024
Mark Richardson

State Street captive gets ‘excellent’ financial strength rating affirmed

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Vermont-domiciled captive was formed in 2019 and gains credit enhancement from its...
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Thursday, February 08, 2024
Mark Richardson

Shanghai Electric captive gets ratings affirmed and withdrawn

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Investment income a key contributor to Hong Kong-based captive’s 2023 operating profit...
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Monday, February 05, 2024
Mark Richardson

AM Best affirms ratings of Sony captive

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Ratings agency recognises strong operating performance from Bermuda-based PMG, with combined ratios...
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Friday, January 26, 2024
Mark Richardson

AM Best affirms ratings of Telefónica captive

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Underwriting performance worsens in 2022, but five-year average combined ratio still at...
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Thursday, January 18, 2024
Mark Richardson

AM Best assigns ratings to Hikari Tsuchin captive

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The Hawaii-domiciled captive writes Japanese personal property damage, health and accident policies...
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Thursday, January 18, 2024
Mark Richardson

New Saudi mining captive posts 175.9% combined ratio in first year

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Ma’aden Re exhausted its aggregate yearly limits due to two large claims,...
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Wednesday, January 03, 2024
Mark Richardson

Delvag gets ratings upgrade off strong Lufthansa performance

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German airline parent raised its earnings forecast for 2023 during the summer...
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Tuesday, January 02, 2024
Mark Richardson

Enel completes cross-border merger of old captive into new Italian captive

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AM Best confirms in rating note that assets and liabilities were transferred...
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Monday, December 18, 2023
Mark Richardson

Phillips 66 captives get ratings affirmed

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However, premium and exposures for Cayman-based Radius declined in 2022 after removing...
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Tuesday, December 12, 2023
Mark Richardson

Fortegra captive and subsidiaries get ratings affirmed

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Captive reinsurer Fortegra Indemnity is domiciled in the Turks and Caicos Islands...
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Friday, December 08, 2023
Mark Richardson

China captives get outlook downgrade

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Moody’s turns negative on ten insurers after downgrading the outlook of China’s...
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Friday, December 08, 2023
Mark Richardson

SAOC Bermuda captive gets credit ratings upgrade

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An absence of large losses has seen Stellar Insurance record a five-year...
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Monday, December 04, 2023
Mark Richardson

AM Best affirms Orion Re ratings

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Bermuda-based class 3 insurer’s rent-a-captive business has delivered “consistent flow of income”...
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Friday, December 01, 2023
Mark Richardson

AES captive has ratings affirmed

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Vermont-based captive praised for its underwriting results and low expense structure  ...
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Thursday, November 30, 2023
Mark Richardson

Junto reinsurance captive has outlook revised to positive

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Brazil
Junto Re mainly operates as a captive reinsurer for Junto Seg, the...
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Wednesday, November 22, 2023
Mark Richardson

AM Best affirms ratings of Eni’s Ireland captive

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The energy company's captive has a five-year weighted average combined ratio of...
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Wednesday, November 22, 2023
Mark Richardson

AM Best affirms ratings of ITOCHU’s Bermuda captive

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NEWGT Reinsurance Company largely writes marine related business for its Japanese parent...
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Friday, November 17, 2023
Mark Richardson

AM Best affirms ratings of Schlumberger’s two Bermuda captives

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The captives write general liability and property lines for the global technology...
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Thursday, November 16, 2023
Mark Richardson

SGS Bermuda captive has ratings affirmed

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Captive provides professional, property, cyber, general and pollution liability coverages to subsidiaries...
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Tuesday, November 14, 2023
Mark Richardson

AM Best affirms ratings of Evergreen Group’s captive

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Global shipping firm’s Bermuda captive writes primarily marine, aviation and property risks...
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Friday, November 03, 2023
Mark Richardson

AM Best affirms ratings of CNOOC Barbados captive

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Oil and gas
ICM Assurance Ltd provides global liability and property coverages for the global...
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Monday, October 30, 2023
Mark Richardson

Ørsted captive has ratings affirmed

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Captive suffered an underwriting loss in 2022, but performance expected to improve...
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Thursday, October 26, 2023
Mark Richardson

Ratings of GreenStars BNP Paribas affirmed

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Luxembourg-based subsidiary of BNP Paribas is concentrated in credit insurance   AM...
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Friday, October 06, 2023
Mark Richardson

AM Best affirms ratings of BP captives

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Underwriting performance at Guernsey and Vermont captives both deteriorated in 2022, but...
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Thursday, October 05, 2023
Mark Richardson

AM Best affirms Delvag ratings as underwriting performance improves

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Low claims experience and ongoing remedial action on underperforming lines secured the...
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Thursday, October 05, 2023
Mark Richardson

Captive of Dow Chemical Company posts improved operating performance

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AM Best affirms the ratings of Michigan-based Dorinco Reinsurance Company and praises...
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Thursday, September 21, 2023
Mark Richardson

Bermuda captive of EMP increases retentions

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Colombia’s largest power generation and multiutility company has the ratings of its...
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Wednesday, September 20, 2023
Mark Richardson

Stonefort primary insurance unit to be placed into run-off

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Company tells Captive Review the decision was taken on consideration of market...
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Monday, September 18, 2023
Mark Richardson

COSCO Shipping captive has ratings affirmed

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China-based captive was formed in 2017 and has achieved a net profit...
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Thursday, August 31, 2023
Mark Richardson

$150m injected into INPEX captive to boost underwriting capacity

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AM Best upgrades ratings of INPEX’s captive, as the Japanese oil and...
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Monday, August 14, 2023
Mark Richardson

Saipem captive maintains profitability despite large claim

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Oil and gas
AM Best affirms ratings of Swiss-based captive, which has a five year...
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Wednesday, August 09, 2023
Mark Richardson

Captive motor insurer of Arval has ratings affirmed

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Ireland-based Greenval’s parent is a vehicle-leasing company wholly owned by BNP Paribas...
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Wednesday, July 19, 2023
Mark Richardson

Suramericana captive has ratings affirmed

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The Latin American insurance giant is using its captive to retain more...
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Wednesday, July 12, 2023
Mark Richardson

Profit at Enel captive drops to Є5.3m in 2022

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AM Best affirms ratings despite a 16.5 percentage point slip in the...
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Thursday, June 29, 2023
Mark Richardson

Quanta captive has ratings affirmed

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Texas-domiciled captive of Quanta Services writes workers’ comp, commercial auto and general...
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Tuesday, June 27, 2023
Mark Richardson

Nissan captive enjoys profitable decade

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AM Best highlighted how the captive continues to penetrate its current market...
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Monday, June 26, 2023
Mark Richardson

Property damage BI losses drag on National Grid captive

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AM Best expects robust long-term underwriting performance after losses in 2021 and...
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Wednesday, June 14, 2023
Mark Richardson

Profits up at Waste Management’s captive

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AM Best reports that reduced underwriting expenses and zero losses in the...
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Friday, June 09, 2023
Mark Richardson

AM Best affirms ratings of NextEra Energy captives

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Captives include a Delaware start-up Palms Specialty formed last year   AM...
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Wednesday, June 07, 2023
Mark Richardson

AM Best affirms ratings of BNY Mellon’s captives

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The Bermuda and New York based captives provide comprehensive reinsurance coverage and...
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Monday, May 01, 2023
Mark Richardson

Ratings of Signet captive upgraded on decision not to sell

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Signet Jewelers had planned to sell their Texas-based captive which provides contractual...
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Thursday, April 27, 2023
Mark Richardson

AM Best affirms Apogee captive ratings

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Vermont captive writes "very specific lines" for the US architectural design company,...
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Monday, April 24, 2023
Mark Richardson

Pfizer captive has ratings affirmed

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Vermont-based Blue Whale Re has been taking slices of its CAT tower...
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Tuesday, April 04, 2023
Mark Richardson

NiSource captive outperforms industry average

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Utah-based captive has its ratings affirmed by AM Best   AM Best has...
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Tuesday, March 21, 2023
Mark Richardson

Trisura outlook revised to negative

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Group is addressing issues around management of captives within its US operations...
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Friday, March 10, 2023
Mark Richardson

Capital adequacy expected to dip for Elevance Health captive

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AM Best predicts a “sizeable unrealized loss on the fixed income portfolio”...
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Tuesday, March 07, 2023
Mark Richardson

Sony captive has ratings affirmed

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Bermuda-based captive began writing cyber coverage in 2019.   AM Best has...
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Thursday, March 02, 2023
Mark Richardson

JPMorgan Chase captive outperforms commercial composite by ‘wide margin’

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Vermont captive provides coverages including terrorism, cyber and bankers blanket bond  ...
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Friday, February 24, 2023
Mark Richardson

Shanghai Electric captive benefits from boosted top-line

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However, AM Best has concerns over future growth due to a dependence...
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Tuesday, January 24, 2023
Mark Richardson

ConocoPhillips captive praised for effective large loss response

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Large loss claim in late 2021 dealt with “efficiently and productively” by...
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Thursday, December 22, 2022
Mark Richardson

Delvag ratings outlook upgraded to stable

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Outlook had been negative, but revised thanks to improved creditworthiness of parent...
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Friday, December 16, 2022
Mark Richardson

Phillips 66 captives post ‘generally favourable’ loss experience

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AM Best praises Phillips 66 for its strong loss control programme.  ...
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Monday, December 12, 2022
Mark Richardson

New Montana-based Oxford cell platform assigned A rating

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Oxford Insurance Company MT LLC was formed earlier this year.   AM...
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Thursday, December 08, 2022
Mark Richardson

Telefónica’s new captive outperforms former in 2021

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AM Best notes potential spin-offs of Telefónica’s major LatAm businesses will impact...
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Thursday, November 24, 2022
Mark Richardson

AES captive gets ratings upgrade

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Vermont captive gains from parent’s improved credit profile and its integral role...
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Tuesday, November 22, 2022
Mark Richardson

“Strong operating performance” from Ameriprise captive

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AM Best affirms ratings of Vermont-based captive, Ameriprise Captive Insurance Company.  ...
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Thursday, November 17, 2022
Mark Richardson

CNOOC’s Barbados captive records operating profit

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AM Best reports losses limited by lack of catastrophe events and strong...
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Monday, November 07, 2022
Mark Richardson

AM Best affirms ratings of GreenStars BNP Paribas

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BNP Paribas
Luxembourg-based captive covers a diverse selection of credit risks.   AM Best...
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Wednesday, November 02, 2022
Mark Richardson

AM Best affirms Raffles ratings

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Cayman-based group captive provides insurance to 450 SMEs.   AM Best has affirmed...
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Friday, October 28, 2022
Mark Richardson

AM Best affirms ratings of Itochu captive

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Marine
NEWGT mainly writes marine business for Itochu, one of Japan's largest general...
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Monday, October 24, 2022
Mark Richardson

AM Best issues negative rating outlook to Lincoln Benefit Life Company

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Illionois
Outlook reflects the capital support needs of the company and its captive...
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Thursday, October 20, 2022
Mark Richardson

AM Best assigns ratings of Battelle Memorial Institute captive

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Ohio
Captive has delivered favourable underwriting results for BMI, an Ohio-based non-profit.  ...
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Thursday, October 13, 2022
Mark Richardson

AM Best affirms ratings of Ørsted captive

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Denmark
The captive has reported underwriting profits, net of reinsurance, in four of...
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Tuesday, September 20, 2022
Mark Richardson

AM Best affirms ratings of Dow Chemical Company captive

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stable ratings affirmed
Ratings agency acknowledges long track record of favourable operating performance balancing some...
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Friday, August 19, 2022
Mark Richardson

AM Best removes Saipem’s captive reinsurer from review

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Rating agency removes Sigurd Rück AG from ‘under review with negative implications’....
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Wednesday, March 24, 2021
Ross Law

Fitch assigns ‘A+’ ratings to CAMCA Assurance and CAMCA Reassurance

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Fitch Ratings has affirmed Luxembourg-based CAMCA Assurance (CAA) and CAMCA Reassurance’s (CAR)...
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Friday, March 20, 2020
Lauren Ingram

AM Best developing pandemic stress test

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AM Best has announced it is developing a pandemic-related stress test for...
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Wednesday, February 12, 2020
Lauren Ingram

AM Best affirms NiSource Insurance ratings

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AM Best have affirmed the ratings of NiSource Insurance Corporation, Inc (NICI),...
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Monday, January 20, 2020
Lauren Ingram

AM Best affirms PMG Assurance ratings

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AM Best has affirmed the ratings of PMG Assurance, giving the captive...
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Tuesday, December 17, 2019
Lauren Ingram

AM Best affirms Coface ratings

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AM Best has given Coface North America Insurance Company (CNAIC) a financial...
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Monday, August 18, 2014
Richard Cutcher

Fitch targets single parent captives for new ratings

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Pure captives owned by large corporate companies have a good chance of...
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Wednesday, July 23, 2014
Richard Cutcher

Waste Management captive has Excellent rating affirmed

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National Guaranty Insurance Company of Vermont (NGIC), the pure captive of Waste...
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Monday, June 30, 2014
Richard Cutcher

Lufthansa captives rated Excellent

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Delvag Luftfahrtversicherungs-AG, domiciled in Germany, has had its financial strength rating of...
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Features
Captive Resources: SMEs turning to MSL group captives amid rising healthcare costs
Group captive specialist Captive Resources has seen more small and mid-sized businesses looking to medical...
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Atlas Insurance PCC: Bridging EU & UK boundaries
Ian Edward Stafrace from Atlas Insurance PCC shares how innovative cell solutions can simplify cross-border...
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Power 50 2024: Meet the top 10
Welcome to the final part of our run-down of the Captive Review 2024 Power 50!...
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Power 50 2024: Meet numbers 30-11
We continue our run-down of the most influential people in the captive market today by...
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