One new Bermuda captive formed in August

Additional captive means the BMA licenced five captives in the first eight...
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BMA consulting on updated cell rules

Biggest changes effect audit requirements, which were detailed in a guidance note...
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Premium continues to grow in INPEX’s Bermuda captive

Following a capital injection from parent INPEX in 2022, net premium income...
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Bermuda to recognise mature captives at conference

Bermuda captives that are 25 years old will be inducted into the...
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I-RE transitions platform from captive cell to standalone insurer

The underwriter formed the class 2 insurer as the next ‘evolutionary step’...
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Moore appointed CEO of Aon Bermuda

Nick Moore succeeds Joe Rego in the role after nearly 30 years...
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Flood promoted to new role in BMA

Timae Flood has spent 15 years at the Bermuda Monetary Authority, including...
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Lemonade to retain most windstorm risk in Bermuda captive cell

Lemonade stated the captive offered a materially better cost/benefit profile in announcing...
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Bermuda captive veteran Whitter retires as IML CEO

Cyril Whitter has spent 46 years working in Bermuda’s captive industry, and...
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Initial 16-20 members expected for Marsh’s Edgware Re

Ellen Charnley speaks exclusively to Captive Review after the launch of the...
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Marsh forms group cyber captive

Based in Bermuda, Edgware Re is a cyber-only group captive that will...
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AM Best affirms ‘Good’ credit ratings of Ecopetrol captive

Colombian energy company’s Bermuda-domiciled captive reinsurer enjoys profitable technical results backed by...
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DARAG announces two captive legacy deals

Captives in Bermuda and Cayman were both advised by Guy Carpenter’s captive...
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BMA approves first class A captive licence since 2019

Becomes only the ninth long-term class A captive in Bermuda   The...
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Bermuda registers 16 new captives in 2023

Zero new captives in December and only six in the whole second...
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Conyers Bermuda appoints new head of insurance and reinsurance

Bermuda captive formation specialist Sophia Greaves succeeds Charles Collis in the position...
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Bermuda registers two captives in November

Takes the number of Bermuda captives registered in 2023 up to 16...
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BMA releases October insurance registrations

Among the 11 new registrations include one class 3 insurer, classified by...
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Emerging risks the key for new Marsh Bermuda leadership

Michelle Sivanayson and Tanja Korff discuss how they hope to accelerate growth...
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Bermuda captive of EMP increases retentions

Colombia’s largest power generation and multiutility company has the ratings of its...
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Bermuda licences one captive in August

Becomes the sixth class 2 insurance company licensed in Bermuda this year...
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Hay retires from Arch Insurance Bermuda

Retires after 21 years with Arch Bermuda, the last five of which...
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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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Bermuda’s proposed corporate income tax explained and its effect on captives

Tax has been proposed to comply with the OECD’s minimum tax requirements...
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Artex grows Bermuda presence with acquisition

Frontier Financial Services Limited joins Artex’s capital solutions division   Artex has...
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AM Best’s Thomas appointed MD of QBE captives

Catherine Thomas takes over as MD of Equator Re and Blue Ocean...
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WDU 2023: Bermuda & the Caribbean in focus

Analysis of captive domiciles in the Bermuda and Caribbean regions, based on...
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Bermuda adds two more captives in July

Bermuda Monetary Authority approves the formation of a class 2 and a...
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BMA registers Resilience captive’s licence

The cyber MGA's captive was registered in May and one of 10...
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QBE appoints new CFO of captive entities

Takes up the roll at Bermuda-domiciled captives after over a year as...
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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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Lemonade creates offshore captives for reinsurance programme

Risk to be retained in new Cayman and Bermuda entities for upcoming...
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Aon’s Richmond elected to Bermuda BDA board

Takes over as audit and risk committee chair from Fiona Beck, who...
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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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SRS Bermuda appoints ILS SVP

New joiner has previously worked for Marsh and Aon and has experience...
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Bermuda licences two captives in April

Takes the total number of captives licenced on the island in 2023...
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Computershare: A new financial leader in Bermuda

Michael Watchke, head of Computershare Corporate Trust, and Charles Baker, senior vice...
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Rekerdres & Sons: Black swans, grey rhinos and cockroaches

Adam Rekerdres, vice-president at Rekerdres & Sons Insurance Agency Inc., on ways...
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Riverstone: Chasing the Caribbean crown for captive run-off

Matt Kunish, RiverStone’s chief business development o­fficer, on the firm’s expanding run-off...
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Ocorian: Bermuda a safe harbour for innovation

Sherman Taylor, head of capital markets in Ocorian’s Bermuda o­ffice, discusses innovative...
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Davies Group: Capitalising on emerging risks

Nick Frost, president of Davies Group’s Captive Management business, and Oceana Yates,...
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Fleming Re Q&A: Recycling and optimising capital through legacy

Eric Haller, CEO of Fleming Re, on the e­fficiencies of the reinsurer’s...
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Bermuda approves one new captive in March

Was one of seven new insurance companies licenced by the Bermuda Monetary...
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BMA appoints chief operating officer

BMA’s deputy CEO says it is looking to evolve its operational processes,...
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Bermuda licenced one group captive in February

Takes the total number of captives licenced in Bermuda this year up...
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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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Bermuda P&I group captive ordered to wind up

BMA successfully petitioned Bermuda’s Supreme Court after finding various breaches of the...
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Fontanetta swaps R&Q for Catalina Re

Bermuda-based Michael Fontanetta becomes Catalina’s new director of M&A.   Michael Fontanetta...
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Bermuda licenced two captives in January

The Bermuda Monetary Authority confirms four insurance licences granted in total last...
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Enbridge sets up captive in Bermuda

Canadian gas company increased the amount of investments held by its existing...
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Bermuda Report 2023 digital edition online now!

Featuring articles on the island's legacy solutions, innovative practices, and effective risk...
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Has the number 1 captive domicile crown been stolen?

Bermuda’s title of world’s largest domicile by captive numbers (excluding cells) may...
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Bermuda reveals captive approval figures for 2022

Stats show the island approved more new captives last year than in...
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Albo elected new ABIR chair

Hamilton CEO is the first woman elected chair of the Association of...
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Bermuda: good governance for the captive market

Ocorian’s George N. H. Jones discusses key governance considerations for captives and...
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Captive owner explains reasons for redomiciling to Cayman

Cayman had more captives redomicile to the islands last year than redomicile...
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JAPEX forms Bermuda captive

Oil and gas
Japan Petroleum Exploration seeks to improve the efficiency of the group's non-life...
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Cayman playing to its strengths

healthcare
What is making the Cayman Islands so attractive to captive management industries...
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Three Caribbean domiciles added to EU list of non-cooperative tax jurisdictions

Anguilla, The Bahamas, and the Turks and Caicos Islands were all added...
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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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Kemper forms new captive in Bermuda

Captive has enabled a $300m extraordinary dividend to the holding company.  ...
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Rozon exits SRS for Aon chief compliance officer job

Bermuda-based compliance VP leaves to become chief compliance officer at Aon Bermuda....
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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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Marsh Management Services Bermuda hires Browne

Joins after over 12 years working with captives at Gloucester Insurance.  ...
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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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SRS Bermuda hires Gatutha to leadership team

Paul Gatutha
Prior to joining SRS, he was a senior vice president at Marsh...
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Bermuda Captive Conference honours Cyril Whitter

Industry veteran wins 2022 Fred Reiss Lifetime Achievement Award.   The Bermuda...
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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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Darag Bermuda agrees $30m deal with captive

Group has an appetite for captive deals, and will announce another agreement...
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KPMG Bermuda promote reinsurance senior

KPMG Bermuda has promoted Minesh Ranchod to the role of director –...
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Everest CRO passes away

The Bermuda-based (re)insurer Everest Re has announced the passing of chief risk...
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ASW promote senior counsel

The Bermuda-based legal firm ASW Law Limited has promoted Kim Willey from...
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Bermuda back on EU grey list

Bermuda has been temporarily added to the European Council's Grey List after a...
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“We’re seeing larger deals from captives” – R&Q launch legacy sidecar

Randall & Quilter (R&Q) has announced the formation of a legacy insurance...
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The redomestication factor

We explore the factors behind the uptick in re-domestications of US-parents’ captives...
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Captive Review announces in-person events for 2021

Captive Review is excited to announce its in-person events schedule for the...
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Bermuda government commended for climate initiative

On Earth Day, business and community leaders in Bermuda commended the Bermuda...
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Horseshoe appoint Kathleen Faries as new CEO

ILS specialist and fund administrator Horseshoe, a company of Artex, has announced...
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World Domicile Update reveals surge in captive insurance cell formations

An annual report by Captive Review has revealed that global captive numbers...
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Miller continue international expansion with appointment of Charlie Simpson

Miller, the captive consultancy and reinsurance broker, are set to continue their...
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Bermuda Captive Conference set for virtual return in June

This year’s 17th annual Bermuda Captive Conference is set to return as...
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SRS hires Pereira to expand its ILS offering

Strategic Risk Solutions (SRS) has hired Anna Pereira in the new position of...
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Bermuda has net loss of 35 captives in 2020

Bermuda has a net loss of 35 captives in 2020, after having...
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BDA elects new chair deputy chair

The Bermuda Business Development Agency (BDA) has elected Susan Pateras, former Chief...
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Bermuda cancels captive licence

The Bermuda Monetary Authority (BMA), the insurance regulator for Bermuda, has cancelled...
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SRS acquires Dyna Management Services

Strategic Risk Solutions (SRS) has acquired Dyna Management Services, an independent captive...
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Captives: What you need to know this week

Welcome to another week in the captive world, and our new week...
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BMA appoints insurance director

The Bermuda Monetary Authority (BMA) has appointed Gerald Gakundi as its Director of...
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Artex makes new hire in Bermuda

Artex has announced that William Wood has joined their Bermuda office as...
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New hire for SRS Bermuda

Strategic Risk Solutions (SRS) has hired founder of Hamilton Insurance Group (Hamilton),...
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Healthcare captive may experience “significant losses”

A healthcare provider with wholly owned captives has stated in its first...
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EXCLUSIVE: First cannabis captive licenced in Bermuda

The first known cannabis captive has been licenced in Bermuda, Captive Review understands, managed...
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Bermuda applauds being added to tax ‘white list’

Bermuda's Business Development Agency (BDA) has applauded being added to the European...
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Cayman Islands added to tax blacklist

As predicted, the Cayman Islands has been added to the EU tax...
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R&Q acquires Vigneron

Randall & Quilter (R&Q) have acquired captive Vigneron Insurance (VICI) from a...
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Two crypto captives launched in Bermuda

Two cryptocurrency captives have launched in Bermuda, making them the first captives...
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Kazakhstan licences first captive in strategic push

Kazakhstan has licenced its first captive, the Kazakhstan Energy Reinsurance Company Ltd...
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BMA appoints new Deputy CEO

The Bermuda Monetary Authority (BMA) has appointed Craig Swan as its new...
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EXCLUSIVE: Fleming Re acquires AggCapp II

Run-off specialist Fleming Re has acquired Bermuda-based group captive AggCapp II. AggCapp...
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Marsh exec says we’re in a hard market now

Businesses are already facing a hard market, according to Mike Parrish, vice...
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Canada drives Bermuda cannabis enquiries

The recent legalisation of cannabis in Canada has driven an increase in...
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Bermuda set to pass updated cell law

The Bermudian parliament is set to pass a law that will allow...
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Davies launches Bermuda practice

Davies Group has launched a compliance and regulatory practice in Bermuda. The...
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VMC Indemnity Company relocates

The University of Vermont Health Network (UVM Health Network) has completed the...
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Estera launches legal services arm

Estera has launched legal services in Bermuda and Cayman as part of...
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Stellar Insurance ratings affirmed

AM Best has affirmed the financial strength and credit ratings of Stellar...
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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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R&Q assumes liabilities of US airline’s captive

R&Q has assumed the legacy liabilities of a US airline’s Bermudian captive....
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R&Q completes LPT for Bermuda captive

R&Q has completed a loss portfolio transfer (LPT) for a Bermuda-domiciled captive....
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SOBC DARAG: Captives a ‘growing’ legacy market

Risk Retention Groups (RRGs) and captives are an area of opportunity for...
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Japanese pharma company sets up Bermuda captive

Japanese pharmaceutical business Daiichi Sankyo has set up a captive in Bermuda,...
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Artex reshuffles leadership team

Artex Risk Solutions has reshuffled its leadership team across its Bermuda and...
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Caterpillar sets up Class B Bermuda captive

Construction equipment manufacturer Caterpillar has set up a captive in Bermuda, new...
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Three captive domiciles removed from EU blacklist

Three captive insurance domiciles have been removed from the European Union’s (EU)...
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Bermuda govt: Blacklist removal ‘likely’ this week

Bermuda is likely to be removed from the EU's blacklist later this...
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Marathon Oil’s Bermuda captive switches manager

Old Main Assurance, the captive of US oil business Marathon, has switched...
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Sura Re ratings affirmed

AM Best has affirmed the financial and long term credit ratings of...
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Former JLT president joins SRS

Strategic Risk Solutions (SRS) has hired former JLT Insurance Management president Richard...
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Bermudian govt. travels to Europe in bid to escape blacklist

The Bermudian government is sending a team to Europe in a bid...
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Industry groups back Bermuda reputation

Industry groups in Bermuda have backed the government’s efforts to remove the...
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Bermuda among jurisdictions blacklisted by EU

Bermuda has been blacklisted after failing to meet the European Union’s criteria...
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ChainThat launches blockchain insurance exchange

A risk and capital exchange for the insurance and reinsurance market is...
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Bermuda captive numbers drop for second year

The number of captives licensed in Bermuda has dropped for the second...
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Arrowsmith joins WTW as Bermuda head of client service, development

Willis Towers Watson (WTW) has hired Steve Arrowsmith as EVP, head of...
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Fleming Re acquires P&C liabilities from SeQure Underwriters

Fleming Re has acquired the outstanding property and casualty liabilities from United...
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Half of new Bermuda formations from automotive, manufacturing, retail – BMA

Half of all new captive formations in Bermuda came from the automotive,...
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Aon names Anup Seth global leader of underwriting solutions

Aon's captive and insurance management team has named Anup Seth global leader...
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Companies facing new risks should choose Bermuda – BEF

A new wave of companies cut off by the commercial insurance market...
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Pennsylvanian schools among new captive owners in Bermuda

The Pennsylvania School Boards Association has formed a captive in Bermuda, among...
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Canadian owned captives migrating towards Bermuda

The Linamar Corporation is among two new Canadian captive owners in Bermuda...
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Bermuda’s regulatory sandbox a “safe space” for insurance innovation

The Bermuda Monetary Authority (BMA) is hopeful its regulatory sandbox and innovation...
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SAC cells to be added to Bermuda’s beneficial ownership guidelines

Owners of separate accounts of segregated account companies (SACs) in Bermuda could...
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Kathleen Bibbings takes over BIMA presidency

Kathleen Bibbings, of AIG, has taken the reins of the Bermuda Insurance...
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Thermo Fisher Scientific among five new Bermuda captives

Five new captive insurers were licensed in Bermuda during the first four...
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Nissan captive has rating upgraded

The Bermuda-domiciled captive owned by Nissan Motor Co, Ltd has had its...
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Beneficial ownership rules come into force in Bermuda

Bermuda’s beneficial ownership register is now in operation bringing the jurisdiction further...
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Exclusive: Paul Bailie takes reins at WTW’s Bermuda captive operation

The Bermuda office in Willis Towers Watson’s global captive practice is now...
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Tremendous growth potential for EB captive model – Brian Quinn

Brian Quinn, of Bermuda-based Granite Management, believes the concept of writing employee...
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Bermuda licences 17 new captives in 2017

Seventeen new captives were licensed in Bermuda during 2017, leaving the largest...
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Carey Olsen, Michael Hanson launch Bermuda practice

Carey Olsen has joined forces with Bermudian lawyer Michael Hanson to launch...
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Section 953(d) electing captives “may become more prevalent” in Bermuda

One outcome from the United States’ tax reform bill could be more...
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Vermont health network to move captive home

The University of Vermont Health Network will re-domesticate its Bermuda captive to...
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Brit to move Gibraltar captive to Bermuda

The Gibraltar-domiciled protected cell company (PCC) owned by Lloyd’s underwriters Brit will...
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Major captive domiciles avoid EU blacklist

The Cayman Islands, Bermuda, Guernsey and the Isle of Man have committed...
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SRS launches Bermuda cell company

Strategic Risk Solutions has launched a new segregated accounts company (SAC) in...
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GC Securities and Marsh launch Bermuda platform

GC Securities and Marsh Captive Solutions have joined forces to launch a...
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Captive business generates annual $174m for Bermuda

The captive insurance industry contributes $174m to Bermuda’s economy every year, according...
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Bermuda and Cayman captives produce strong returns

The 30 A.M. Best rated captives domiciled in Bermuda and the Cayman...
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Ireland deemed ‘compliant’, Bermuda and Cayman Islands ‘largely compliant’ by Global Forum

The Global Forum on Transparency and Exchange of Information for Tax Purposes...
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EY appoints captive leader in Bermuda

EY has appointed Umer Islam as leader of its captive insurance practice...
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MTA returns with second cat bond, adds earthquake risk

New York State’s Metropolitan Transportation Authority (MTA) has used its captive to...
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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...
MORE

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...
MORE

Sony captive has outlook revised

The Bermuda-domiciled captive owned by Sony Corporation has had its ratings outlook...
MORE

Shell pension captive among Bermuda’s new 2016 licences

The Bermuda Monetary Authority licensed 13 new captives in 2016 and ended...
MORE

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...
MORE

Bermuda considers LLC legislation, inspired by Delaware

The Bermuda government is considering new legislation that would introduce limited liability...
MORE

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,...
MORE

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...
MORE

Bermuda licenses 22 new captives

Bermuda, the largest captive insurance domicile in the world, licensed 22 new...
MORE

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...
MORE

EIOPA publishes Bermuda progress on Solvency II

The European Insurance and Occupational Pensions Authority (EIOPA) has recognised the progress...
MORE

INPEX captive rated ‘Excellent’

Japanese oil company the INPEX Corporation has had the financial strength rating...
MORE

Half year captive formations up in Bermuda

Bermuda has licensed 10 new captive insurance companies in the first half...
MORE

Poland removes Bermuda from blacklist as domicile fights back

Poland has removed Bermuda from its “blacklist” of countries that are deemed...
MORE

Healthcare Report 2015

Creating or joining a captive vehicle to cover your healthcare risks is...
MORE

The Bermuda Report 2015

Bermuda is an established and well respected domicile for both traditional and...
MORE

Bermuda’s Solvency II equivalence bid reaches European Parliament

Bermuda’s bid to achieve full Solvency II equivalence, excluding its captives, has...
MORE

Guernsey will not follow Bermuda on Solvency II equivalence – Dominic Wheatley

Dominic Wheatley, chief executive of Guernsey Finance, has put to bed claims...
MORE

Latin American captives drive growth in Bermuda

Latin American companies accounted for 25% of all the new captives established...
MORE

Bermuda relishing domicile competition, anticipates Solvency II approval

Shelby Weldon, director of licensing and authorisation at the Bermuda Monetary Authority...
MORE

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...
MORE

JLT Towner Bermuda targets US business

Beverley Todd, executive vice president for international captive manager JLT Insurance Management...
MORE

New chairman for Willis Bermuda

Paul Scope has been appointed the chairman of Willis Bermuda, a role...
MORE

Bermuda makes move to meet Solvency II caveats

The Bermuda Monetary Authority (BMA) has published the enhancements it plans to...
MORE

ECIROA seeking EIOPA clarity on Solvency II third country equivalence

Guenter Droese, chairman of the European Captive Insurance and Reinsurance Owners’ Association...
MORE

Roundstone partners Columbus Chamber of Commerce for healthcare captive

The Columbus Chamber of Commerce has formed an exclusive partnership with Ohio-based...
MORE

Bermuda at a crossroads in relationship with Europe – Jeremy Cox

Jeremy Cox, CEO of the Bermuda Monetary Authority (BMA), has used the...
MORE

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...
MORE

GVB utilise Bermudan SAC for first Swiss Franc cat bond

Switzerland-based building insurer Gebäudeversicherung Bern (GVB) has issued the first Swiss Franc-denominated...
MORE

Bermuda progress towards Solvency II equivalence, captives not included

Solvency II equivalence for Bermuda has moved one step closer after the...
MORE

EFG set to begin Bermuda operation

EFG Wealth Management will open a new office in Bermuda on 15...
MORE

Sony captive rated ‘Excellent’, expected to add employee benefits

The Bermuda pure captive PMG Assurance, owned by technology giant Sony, has...
MORE

Evergreen captive rated ‘Excellent’

The Bermuda-domiciled pure captive Evergreen Insurance Company Limited (EICL) has had its...
MORE

MetLife complete captive re-domestication as part of wider merger

Life insurance giant MetLife has completed the re-domestication of its Bermuda captive...
MORE

R&Q poised for two captive acquisitions in Bermuda

Randall & Quilter has announced Group pre-tax results for the year ending...
MORE

Bermuda and Ireland recommended for reinsurance jurisdiction approval by NAIC

The National Association of Insurance Commissioners (NAIC), in the United States, has...
MORE

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,...
MORE

Xapo insures Bitcoin vault through captive

Bitcoin wallet company Xapo has announced it has been insuring its users’...
MORE

The BDA appoints Ross Webber as CEO

The Bermuda Business Development Agency (BDA) has appointed Ross Webber as chief...
MORE

Kane catbonds surpass $135m in 12 months

Kane SAC has issued two new notes on the Bermuda Stock Exchange...
MORE

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...
MORE

Captive and SPI growth slows in Bermuda

The Bermuda Monetary Authority (BMA) licensed seven new captives in the first...
MORE

CTC Insurance Management signs up new COO

William Wood has been appointed chief operating officer at Bermuda-based CTC Insurance...
MORE

UFP has ‘Excellent’ A.M. Best rating affirmed for Bermuda captive

Ardellis Insurance Ltd, the single parent captive of Universal Forest Products, has...
MORE

Bermuda Report 2014

Featuring insights from the BMA, KPMG, Artex, Butterfield and several other leading...
MORE

Bermuda stats show Latam is more than just hype

Latin American interest in captives materialised into formations last year, with a...
MORE

BMA to introduce electronic reporting

The Bermuda Monetary Authority (BMA) plans to introduce electronic reporting for its...
MORE

BMA insurance registrations up 72%

Bermuda registered 24 new captives and a record 51 special purpose insurers...
MORE

Bermuda captive receives positive rating

Ratings agency AM Best has affirmed the financial strength rating of A-...
MORE

ILS listings buoyant in Bermuda

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

BMA appoints insurance supervisor

The Bermuda Monetary Authority (BMA) has appointed Andrew Gibbs as the director...
MORE

Bermuda sees 76% more captives than 2012

Bermuda has maintained solid growth in its captive insurance sector so far...
MORE

Ecopetrol’s captive gets rating upgrade

Global ratings agency Fitch, has upgraded the Insurer Financial Strength (IFS) of...
MORE

Bermuda based SAC Re finds buyer

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

Argo establishes Bermuda SPI

Insurance and reinsurance company Argo Group have established a new Bermuda-domiciled special...
MORE

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 IRS is biding its time by taking on micro-captives and will eventually refocus on...
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Randy Sadler, principal at CIC Services, discusses why captive professionals should be more strongly considering...
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Guy Carpenter’s Rick Hartmann, senior vice president, Treaty Broking, explains why – and how –...
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Ian-Edward Stafrace of Atlas Insurance PCC, a FinanceMalta member, explores how Malta’s innovative protected cell...
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