News - Captivereview

News

Tuesday, December 17, 2024

Mark Richardson

Merchant Navy completes £450 million longevity swap via Guernsey captive

The transaction provides long-term protection to Merchant Navy Ratings Pension Fund against costs resulting from pensioners or their dependents living longer...

Monday, December 16, 2024

Mark Richardson

AM Best affirms ratings of SGS captive

Tags: AM Best, Captive ratings, SGS

SGS' Bermuda-based captive Transmonde Services Insurance Company Limited provides professional, property, cyber, general and pollution liability coverages to subsidiaries of...

Friday, December 13, 2024

Mark Richardson

CFIB recommends captive solutions to combat unaffordable SME premiums

Tags: Canada

The Canadian Federation of Independent Business reports that insurance costs have become a top concern for over two thirds of...

Thursday, December 12, 2024

Mark Richardson

CBI urges UK captives be held to transparency rules in consultation response

Tags: 831(B), captive regulation, captive tax, Centers for Better Insurance, Transparency, UK captive consultation, UK captive regime

The Centers of Better Insurance points to “undesirable” aspects of US captive rules that the UK should aim to avoid...

Thursday, December 12, 2024

Mark Richardson

Phillips 66 captives get ‘Excellent’ ratings affirmed

Tags: AM Best, Captive ratings, Phillips 66

Energy multinational has captives based in Vermont and Cayman with underwriting portfolios largely consisting of onshore and limited offshore property...