News - Captivereview

News

Thursday, May 28, 2015

Richard Cutcher

Connecticut licenses first sponsored captive

Tags: Cells, Connecticut, SOBC Corporation, Sponsored Captive

SOBC Corporation has established Connecticut’s first sponsored captive insurance company to serve reinsurance companies looking to run-off small books of...

Thursday, May 28, 2015

Richard Cutcher

PCC move could “change the dynamic” of Luxembourg, industry reacts

Tags: Aon, Luxembourg, Marsh, PCC

Captive managers believe Luxembourg’s interest in facilitating protected cell companies (PCCs) could “change the dynamic” and serve as a viable...

Thursday, May 28, 2015

Richard Cutcher

NAIC approves third attempt at Part A accreditation preamble

Tags: Life insurance, NAIC, Regulation

Captive insurance companies reinsuring XXX/AXXX reserves, variable annuities and long-term care business will now have to comply with the National...

Wednesday, May 27, 2015

Richard Cutcher

Abu Dhabi expected to publish captive guidance

Tags: Abu Dhabi, Chris Lay, Marsh, Middle East

Attention is shifting towards Abu Dhabi in the hunt for prospective Middle East captive owners, according to Chris Lay, president...

Tuesday, May 26, 2015

Richard Cutcher

Gibraltar joins IAIS MMoU

Tags: Gibraltar, IAIS, MMoU

Gibraltar’s insurance regulator has signed up to the International Association of Insurance Supervisors’ (IAIS) Multilateral Memorandum of Understanding (MMoU). The...