Petronas captive receives negative ratings outlook

Malaysia based captive has had a higher than expected frequency of large...
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AM Best assigns ratings to Related Companies captive

Vermont-based captive provides general liability, workers’ compensation, and property coverage   AM...
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State Street captive gets ‘excellent’ financial strength rating affirmed

Vermont-domiciled captive was formed in 2019 and gains credit enhancement from its...
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Shanghai Electric captive gets ratings affirmed and withdrawn

Investment income a key contributor to Hong Kong-based captive’s 2023 operating profit...
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AM Best affirms ratings of Sony captive

Ratings agency recognises strong operating performance from Bermuda-based PMG, with combined ratios...
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AM Best affirms ratings of Telefónica captive

Underwriting performance worsens in 2022, but five-year average combined ratio still at...
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AM Best assigns ratings to Hikari Tsuchin captive

The Hawaii-domiciled captive writes Japanese personal property damage, health and accident policies...
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New Saudi mining captive posts 175.9% combined ratio in first year

Ma’aden Re exhausted its aggregate yearly limits due to two large claims,...
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Delvag gets ratings upgrade off strong Lufthansa performance

German airline parent raised its earnings forecast for 2023 during the summer...
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Enel completes cross-border merger of old captive into new Italian captive

AM Best confirms in rating note that assets and liabilities were transferred...
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Phillips 66 captives get ratings affirmed

However, premium and exposures for Cayman-based Radius declined in 2022 after removing...
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Fortegra captive and subsidiaries get ratings affirmed

Captive reinsurer Fortegra Indemnity is domiciled in the Turks and Caicos Islands...
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SAOC Bermuda captive gets credit ratings upgrade

An absence of large losses has seen Stellar Insurance record a five-year...
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AM Best affirms Orion Re ratings

Bermuda-based class 3 insurer’s rent-a-captive business has delivered “consistent flow of income”...
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AES captive has ratings affirmed

Vermont-based captive praised for its underwriting results and low expense structure  ...
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Junto reinsurance captive has outlook revised to positive

Brazil
Junto Re mainly operates as a captive reinsurer for Junto Seg, the...
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AM Best affirms ratings of Eni’s Ireland captive

The energy company's captive has a five-year weighted average combined ratio of...
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AM Best affirms ratings of ITOCHU’s Bermuda captive

NEWGT Reinsurance Company largely writes marine related business for its Japanese parent...
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AM Best affirms ratings of Schlumberger’s two Bermuda captives

The captives write general liability and property lines for the global technology...
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SGS Bermuda captive has ratings affirmed

Captive provides professional, property, cyber, general and pollution liability coverages to subsidiaries...
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AM Best affirms ratings of Evergreen Group’s captive

Global shipping firm’s Bermuda captive writes primarily marine, aviation and property risks...
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AM Best: European captives at ‘varying levels of readiness’ for implementing IFRS 17

It a commentary note, AM Best updates on how captives may be...
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AM Best affirms ratings of CNOOC Barbados captive

Oil and gas
ICM Assurance Ltd provides global liability and property coverages for the global...
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Ørsted captive has ratings affirmed

Captive suffered an underwriting loss in 2022, but performance expected to improve...
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AM Best affirms ratings of BP captives

Underwriting performance at Guernsey and Vermont captives both deteriorated in 2022, but...
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AM Best affirms Delvag ratings as underwriting performance improves

Low claims experience and ongoing remedial action on underperforming lines secured the...
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Captive of Dow Chemical Company posts improved operating performance

AM Best affirms the ratings of Michigan-based Dorinco Reinsurance Company and praises...
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COSCO Shipping captive has ratings affirmed

China-based captive was formed in 2017 and has achieved a net profit...
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AM Best affirms ratings of Vitol captive

marine cargo
Bermuda-based captive has approximately 90% of its premiums derived from marine cargo...
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Saipem captive maintains profitability despite large claim

Oil and gas
AM Best affirms ratings of Swiss-based captive, which has a five year...
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Captive motor insurer of Arval has ratings affirmed

Ireland-based Greenval’s parent is a vehicle-leasing company wholly owned by BNP Paribas...
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AM Best rated captives post largest premium increase in a decade

The rated captives also doubled pretax operating income in 2022 on the...
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Suramericana captive has ratings affirmed

The Latin American insurance giant is using its captive to retain more...
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Profit at Enel captive drops to Є5.3m in 2022

arrow down
AM Best affirms ratings despite a 16.5 percentage point slip in the...
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Quanta captive has ratings affirmed

Texas-domiciled captive of Quanta Services writes workers’ comp, commercial auto and general...
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Nissan captive enjoys profitable decade

AM Best highlighted how the captive continues to penetrate its current market...
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Property damage BI losses drag on National Grid captive

AM Best expects robust long-term underwriting performance after losses in 2021 and...
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Shell captives have ratings affirmed

Shell’s principal Swiss captive has recorded a five-year average combined ratio of...
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Profits up at Waste Management’s captive

AM Best reports that reduced underwriting expenses and zero losses in the...
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AM Best affirms ratings of BNY Mellon’s captives

The Bermuda and New York based captives provide comprehensive reinsurance coverage and...
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AM Best affirms Apogee captive ratings

Vermont captive writes "very specific lines" for the US architectural design company,...
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Pfizer captive has ratings affirmed

Vermont-based Blue Whale Re has been taking slices of its CAT tower...
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NiSource captive outperforms industry average

Utah-based captive has its ratings affirmed by AM Best   AM Best has...
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Capital adequacy expected to dip for Elevance Health captive

AM Best predicts a “sizeable unrealized loss on the fixed income portfolio”...
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Sony captive has ratings affirmed

Bermuda-based captive began writing cyber coverage in 2019.   AM Best has...
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JPMorgan Chase captive outperforms commercial composite by ‘wide margin’

Vermont captive provides coverages including terrorism, cyber and bankers blanket bond  ...
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Shanghai Electric captive benefits from boosted top-line

However, AM Best has concerns over future growth due to a dependence...
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ConocoPhillips captive praised for effective large loss response

Large loss claim in late 2021 dealt with “efficiently and productively” by...
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Phillips 66 captives post ‘generally favourable’ loss experience

AM Best praises Phillips 66 for its strong loss control programme.  ...
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New Montana-based Oxford cell platform assigned A rating

Oxford Insurance Company MT LLC was formed earlier this year.   AM...
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Saudi Arabian Oil Company has ratings of captive affirmed

Oil and gas
Bermuda-based Stellar Insurance writes mostly energy onshore and offshore property risks.  ...
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Bermuda, Cayman and Barbados rated captives outperform US commercial casualty peers

AM Best finds BCIB captives had a combined ratio 13 points better...
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“Strong operating performance” from Ameriprise captive

AM Best affirms ratings of Vermont-based captive, Ameriprise Captive Insurance Company.  ...
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CNOOC’s Barbados captive records operating profit

AM Best reports losses limited by lack of catastrophe events and strong...
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AM Best affirms Schlumberger captives’ ratings

Castle Harbour and Harrington Sound both captives of Schlumberger, a tech firm...
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AM Best affirms Marble Re ratings

micronesia
Marble Re is the Micronesia-based captive of Japanese trading company Marubeni Corporation....
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AM Best affirms ratings of GreenStars BNP Paribas

BNP Paribas
Luxembourg-based captive covers a diverse selection of credit risks.   AM Best...
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AM Best affirms Raffles ratings

Cayman-based group captive provides insurance to 450 SMEs.   AM Best has affirmed...
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AM Best reveals largest rated captives

Largest list
List ranks published AM Best rated single-parent captives by 2020 GWP.  ...
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AM Best affirms ratings of Itochu captive

Marine
NEWGT mainly writes marine business for Itochu, one of Japan's largest general...
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AM Best issues negative rating outlook to Lincoln Benefit Life Company

Illionois
Outlook reflects the capital support needs of the company and its captive...
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AM Best assigns ratings of Battelle Memorial Institute captive

Ohio
Captive has delivered favourable underwriting results for BMI, an Ohio-based non-profit.  ...
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AM Best affirms ratings of Ørsted captive

Denmark
The captive has reported underwriting profits, net of reinsurance, in four of...
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AM Best issues negative rating outlook to Lufthansa captive

Ratings agency affirms Delvag ratings, but raises concern about the future impact...
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AM Best affirms ratings of BP captive Jupiter

Shareholders’ equity of US$6.2bn at year-end 2021 supports BP’s principal captive.  ...
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AM Best affirms ratings of Dow Chemical Company captive

stable ratings affirmed
Ratings agency acknowledges long track record of favourable operating performance balancing some...
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INPEX boosts captive’s underwriting capacity with large capital injection

Significant premium growth expected by AM Best for the captive of Japan’s...
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AM Best removes Saipem’s captive reinsurer from review

Rating agency removes Sigurd Rück AG from ‘under review with negative implications’....
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AM Best halt Russia operations

In response to despot Vladimir Putin's illegal and unprovoked invasion of the...
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Concert Launch E&S carrier

The insurance fronting carrier Concert Group holdings, Inc. (Concert) has launched an...
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AM Best downgrades Texas life insurer ratings

Ratings agency AM Best has downgraded the financial strength rating of Dallas,...
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AM Best affirm TPPC ratings of ‘A’

AM Best has affirmed the financial strength rating of ‘A’ (excellent) and...
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AM Best affirms rating of Vermont captive

AM Best has affirmed the ratings of Vermont domiciled captive Ameriprise Captive...
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AM Best rates Guernsey-based reinsurers

AM Best has rated two Guernsey-based reinsurers, Humboldt Re Limited and Kelvin Re...
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AM Best withdraws ratings of RRG

AM Best has withdrawn its rating of American Transportation Group Insurance Insurance Risk Retention...
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AM Best developing pandemic stress test

AM Best has announced it is developing a pandemic-related stress test for...
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AM Best affirms NiSource Insurance ratings

AM Best have affirmed the ratings of NiSource Insurance Corporation, Inc (NICI),...
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AM Best affirms PMG Assurance ratings

AM Best has affirmed the ratings of PMG Assurance, giving the captive...
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AM Best affirms Coface ratings

AM Best has given Coface North America Insurance Company (CNAIC) a financial...
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AM Best captive report released

AM Best has released a new report on European captives, showing that...
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Sooner Insurance ratings affirmed

Sooner Insurance Company has been handed a financial strength rating of A...
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AM Best affirms Evergreen ratings

AM Best has handed Evergreen Insurance Company (Evergreen) a financial strength rating...
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Eni ratings affirmed

AM Best has affirmed the ratings of Eni Insurance Designated Activity Company...
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AM Best affirms three captives ratings

AM Best has affirmed the ratings of Castle Harbour Insurance Limited (Castle...
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Radius, Spirit ratings affirmed

The onshore and offshore captives of multinational energy company Phillips 66 have...
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AM Best revises BAIC ratings outlook

AM Best has revised the outlook of British American Insurance Company (BAIC)...
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Transmonde Services Insurance Co. ratings affirmed

AM Best has handed Transmonde Services Insurance Company (Transmonde) a financial strength...
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Ameriprise captive ratings affirmed

AM Best has affirmed the ratings of Ameriprise Captive Insurance Company (ACIC)....
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Stellar Insurance ratings affirmed

AM Best has affirmed the financial strength and credit ratings of Stellar...
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Cosco captive ratings affirmed

Cosco Shipping Captive Insurance Co Ltd. has been handed a financial strength...
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Rembrandt Insurance Co ratings affirmed

AM Best has affirmed the ratings of Vitol Holding's (re)insurance captive. The...
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Restoration RRG ratings upgraded

AM Best has upgraded the ratings of Restoration Risk Retention Group (RRRG)....
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AM Best affirms Maxseguros ratings

Maxseguros EPM Ltd has had its financial strength and credit ratings affirmed....
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INPEX captive ratings affirmed

INPEX Insurance Ltd (INPEX) has had its financial strength and credit ratings...
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AM Best affirms MLM RRG ratings

AM Best has affirmed the ratings of Minnesota Lawyers Mutual Insurance Company...
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Hyundai Insurance Co. ratings placed under review

AM Best has placed Hyundai Insurance Co (HIC) under review following the...
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US captives outperform commercial market, AM Best says

The US captive insurance market outperformed the commercial casualty sector in 2018,...
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BP’s captives ratings affirmed

AM Best has handed Jupiter Insurance Limited and a financial strength rating...
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Enel Insurance NV ratings affirmed

AM Best has affirmed the financial strength and credit ratings of Enel...
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AM Best: Captives can insure against active shooter incidents

Captive insurance companies can prove the most effective tool for insuring against...
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Toyota Motor Insurance Company ratings affirmed

AM Best has affirmed the financial strength and credit ratings of Toyota’s...
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Samsung-parented captive ratings upgraded

A Samsung Group-parented captive has had its credit rating upgraded. Samsung Fire...
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AM Best: US cyber premium figures understated due to captives

Direct premiums in the US cyber insurance market have more than doubled...
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National Grid’s captive ratings affirmed

AM Best has affirmed the financial strength and credit ratings of National...
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NGIC ratings affirmed

AM Best has affirmed the ratings of National Guaranty Insurance Company (NGIC)....
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Singapore, Labuan will lead Apac growth, says Welsch

Singapore and Labuan will lead growth in Asia Pacific for the captive...
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Sura Re ratings affirmed

AM Best has affirmed the financial and long term credit ratings of...
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AM Best affirms NextEra Energy’s captive ratings

AM Best has affirmed the financial strength and credit ratings of Palms...
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AM Best affirms ratings of BNY Mellon’s captives

AM Best has affirmed the financial strength and credit ratings of The...
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AM Best affirms Nissan’s captive ratings

AM Best has affirmed the financial strength and credit ratings of Nissan’s...
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Pfizer captive rated ‘Excellent’ by AM Best

American pharmaceutical corporation Pfizer has had its captive rated by AM Best....
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AM Best affirms Energas Insurance ratings

AM Best has affirmed the financial strength and long-term issuer credit rating...
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Nestlé’s captive withdraws from AM Best rating process

Nestlé’s captive Intercona Re has withdrawn from AM Best’s ratings process despite...
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R&Q ratings affirmed by AM Best

AM Best has affirmed the financial strength and long-term issuer credit ratings...
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Prism Assurance rated ‘Excellent’

AM Best has affirmed the financial strength rating of Vermont-based captive Prism...
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Sony’s captive rated ‘excellent’

AM Best has upgraded the financial strength and long term issuer credit...
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Mid-Pacific Insurance Company rated ‘Good’

The captive of Hawaii-based tour operator Roberts has been rated as "good"...
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NEWGT has ratings affirmed

NEWGT has had its ratings financial strength rating and credit rating of...
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NiSource Inc captive rated ‘Excellent’

AM Best has affirmed the financial strength rating of gas and electric...
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AES Corporation captive rated ‘Good’

AES Corporation’s captive subsidiary has had its financial strength rating of B++...
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R&Q Malta vehicle gets A.M. Best rating

A.M. Best has assigned a financial strength rating of ‘A-‘ (Excellent) to...
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Solvency II and SFCRs: What have we learnt?

The first SFCRs have been filed under Solvency II. Konstantin Langowski, financial analyst...
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Honeywell captive rated ‘Excellent’

The Vermont-domiciled captive owned by Honeywell International Inc has had its financial...
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Saipem captive rated ‘Excellent’

The Switzerland-domiciled captive owned by Italian oil and gas giant Saipem has...
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Colombian energy captive rated ‘Excellent’, despite $170m loss incident

The Bermuda-domiciled captive owned by Empresas Publicas de Medellin E.S.P. (EPM) has...
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Solvency II Predictions: Konstantin Langowski, A.M. Best

The new directive will be seen as a “positive development” by captives...
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Cayman Report 2016

This year’s edition of Captive Review’s Cayman Report offers expert perspectives from...
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Solvency II Report 2015

As the debate around the pros and cons of Solvency II drags...
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Q&A: Clive Thursby reviews a career in captives

Clive Thursby retired from A.M. Best at the end of 2014, concluding...
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Ford captive rated as Excellent by A. M. Best

Ford Motor Company has had its captive financial strength rating of “A”...
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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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PLRL bag 'Excellent' rating from A. M. Best

Pacific Lighthouse Re LLC (PLRL) has been assigned a financial strength rating...
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NZ state electricity captive downgraded

Risk Reinsurance, the Cayman-domiciled captive of Transpower New Zealand, has received a...
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AT&T's Vermont captive rating affirmed

AM Best has affirmed the financial strength rating of A- (Excellent) and issuer...
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Itochu's Bermuda captive has A- rating affirmed

AM Best has affirmed the financial strength rating of A- (Excellent) and...
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AM Best affirms Kroger Co. captive ratings

AM Best has affirmed the financial strength rating of A (Excellent) and...
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Barbados captive Ocean Re gets A- rating

Ratings agency AM Best has assigned a financial strength rating of A-...
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Vermont power captive gets positive rating

Ratings agency A.M. Best has assigned a financial strength rating of B+...
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A.M. Best affirms rating of Dutch Shell’s captive

A captive of Dutch Shell has retained its financial strength rating of...
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A.M. Best rates JLT’s cell captive

A.M. Best has assigned a financial strength rating of B++ (Good) and...
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South Carolina captive gets A rating

A.M. Best has upgraded the financial strength rating to A (Excellent) from...
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AM Best downgrades insolvent Delaware RRG

AM Best has downgraded the financial strength rating of Delaware-domiciled risk retention...
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AM Best give positive rating to Vermont captive

Global ratings agency A.M. Best has affirmed the financial strength rating of...
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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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Aon reviews rating agency protocol

Global reinsurance intermediary Aon Benfield has released its annual ‘Evolving Criteria’ report. The report,...
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Greenlight Re receives positive rating

AM Best has affirmed the financial strength rating of A (Excellent) and...
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Honeywell captive given positive rating

AM Best has assigned a financial strength rating of A- (Excellent) and...
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American Safety RRG sees ratings fall

AM Best, has downgraded the financial strength rating to B++ (Good) from...
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JP Morgan's captive gets positive rating

Global ratings agency AM Best has affirmed the financial strength rating of...
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AM Best assigns positive rating to DC RRG

Global ratings agency, AM  Best has assigned a financial strength rating of...
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Montana RRG sees fall in rating

AM Best has downgraded the financial strength rating to B (Fair) from...
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AM Best rates Michigan captive

Global ratings agency AM Best has affirmed the financial strength rating of...
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AM Best give stable rating to Montana RRG

AM Best has assigned a financial strength rating of A- (Excellent) and...
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Too many domiciles, not enough captives in US

Captive numbers in the US may be insufficient to keep all 37...
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AM Best: US captives used capital more efficiently in 2012

Owners of US captive insurance companies tightened their margins and used capital...
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AM Best: Captives outperform commercial insurers

Captive insurance is outperforming the commercial insurance industry according to Steven Chirico...
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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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AM Best affirms FSR of Montana RRG

Global ratings agency, AM Best has revised the outlook to stable from...
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AM Best withdraws RRG rating

Ratings agency, AM Best has withdrawn the financial strength rating (FSR) of...
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Positive outlook for RRG The Mutual

Mutual Risk Retention Group, has seen a revised outlook of positive from...
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BP captive gets "A" rating

Global oil and gas giant, BP’s captive Jupiter Insurance Limited (Guernsey) have...
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Kroger’s captive rated

The US retailer has had its Vermont-based captive rated. Vine Court Assurance...
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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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AM Best changes captive rating criteria

A new rating methodology for alternative risk transfer is expected to be...
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Captive’s $800m floating rate insured notes affirmed

$800m floating rate insured notes have been affirmed an ‘a’ debt rating,...
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Glass solutions captive rating affirmed

Apogee Enterprises’ captive has had its financial strength rating of A- (excellent)...
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Telefonica captive’s outlook revised

The outlook of Telefonica’s reinsurance captive has been revised from to stable...
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Captives could face downgrade

Captives’ ratings risk being downgraded over the next three to five years...
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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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AM Best affirms ratings of Nissan’s captive

AM Best has affirmed the financial strength rating of A- (Excellent) and...
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Reinsurance M&As will increase to compete for casualty business, say experts

Mergers and acquisitions (M&As) in the reinsurance industry are likely to increase...
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AM Best special report on Gulf region

 

MedPro RRG gets superior ratings

Medical professional liability insurer, MedPro Risk Retention Group RRG has been assigned...
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US captives resistant to investment losses

US captive insurance companies have bucked the trend in investment losses experienced...
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Solvency II will force captive closures

Some European captive insurance companies will be forced to close as a...
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Captive Review has featured hundreds of prevalent captive leaders over our 25 years of existence,...
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As Captive Review celebrates its 25th year in 2024, outgoing Captive Review publisher Nick Morgan...
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As Captive Review turns 25 this year, leaders from the industry share their thoughts on...
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Emma Sansom, group head of captives at Zurich Insurance Company, on the evolving digital landscape...
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