Wednesday, February 19, 2020
Lauren Ingram

Bermuda applauds being added to tax ‘white list’

Tags: , , ,
Bermuda's Business Development Agency (BDA) has applauded being added to the European...
MORE
Tuesday, February 18, 2020
Lauren Ingram

Cayman Islands added to tax blacklist

Tags: , , , , , , ,
As predicted, the Cayman Islands has been added to the EU tax...
MORE
Tuesday, January 28, 2020
Lauren Ingram

R&Q acquires Vigneron

Tags: , , , ,
Randall & Quilter (R&Q) have acquired captive Vigneron Insurance (VICI) from a...
MORE
Tuesday, January 21, 2020
Lauren Ingram

Two crypto captives launched in Bermuda

Tags: , , , , ,
Two cryptocurrency captives have launched in Bermuda, making them the first captives...
MORE
Monday, January 13, 2020
Lauren Ingram

Kazakhstan licences first captive in strategic push

Tags: , ,
Kazakhstan has licenced its first captive, the Kazakhstan Energy Reinsurance Company Ltd...
MORE
Monday, January 13, 2020
Lauren Ingram

BMA appoints new Deputy CEO

Tags: , ,
The Bermuda Monetary Authority (BMA) has appointed Craig Swan as its new...
MORE
Thursday, December 19, 2019
Lauren Ingram

EXCLUSIVE: Fleming Re acquires AggCapp II

Tags: , , ,
Run-off specialist Fleming Re has acquired Bermuda-based group captive AggCapp II. AggCapp...
MORE
Tuesday, November 26, 2019
Lauren Ingram

Marsh exec says we’re in a hard market now

Tags: , , ,
Businesses are already facing a hard market, according to Mike Parrish, vice...
MORE
Friday, November 15, 2019
Fraser Irving

Canada drives Bermuda cannabis enquiries

Tags: , , , ,
The recent legalisation of cannabis in Canada has driven an increase in...
MORE
Monday, November 11, 2019
Fraser Irving

Bermuda set to pass updated cell law

Tags: , , , , , , , ,
The Bermudian parliament is set to pass a law that will allow...
MORE
Monday, October 21, 2019
Fraser Irving

Davies launches Bermuda practice

Tags: , , ,
Davies Group has launched a compliance and regulatory practice in Bermuda. The...
MORE
Wednesday, October 16, 2019
Fraser Irving

VMC Indemnity Company relocates

Tags: , , , ,
The University of Vermont Health Network (UVM Health Network) has completed the...
MORE
Monday, October 14, 2019
Fraser Irving

Estera launches legal services arm

Tags: , , , , ,
Estera has launched legal services in Bermuda and Cayman as part of...
MORE
Monday, October 07, 2019
Fraser Irving

Stellar Insurance ratings affirmed

Tags: , , , , ,
AM Best has affirmed the financial strength and credit ratings of Stellar...
MORE
Thursday, September 19, 2019
Fraser Irving

Rembrandt Insurance Co ratings affirmed

Tags: , , , ,
AM Best has affirmed the ratings of Vitol Holding's (re)insurance captive. The...
MORE
Tuesday, August 27, 2019
Fraser Irving

R&Q assumes liabilities of US airline’s captive

Tags: , , , ,
R&Q has assumed the legacy liabilities of a US airline’s Bermudian captive....
MORE
Thursday, August 08, 2019
Fraser Irving

R&Q completes LPT for Bermuda captive

Tags: , , , ,
R&Q has completed a loss portfolio transfer (LPT) for a Bermuda-domiciled captive....
MORE
Thursday, July 18, 2019
Fraser Irving

SOBC DARAG: Captives a ‘growing’ legacy market

Tags: , , , , , , ,
Risk Retention Groups (RRGs) and captives are an area of opportunity for...
MORE
Wednesday, July 10, 2019
Fraser Irving

Japanese pharma company sets up Bermuda captive

Tags: , , , ,
Japanese pharmaceutical business Daiichi Sankyo has set up a captive in Bermuda,...
MORE
Monday, June 17, 2019
Fraser Irving

Artex reshuffles leadership team

Tags: , , , ,
Artex Risk Solutions has reshuffled its leadership team across its Bermuda and...
MORE
Tuesday, June 11, 2019
Fraser Irving

Caterpillar sets up Class B Bermuda captive

Tags: , ,
Construction equipment manufacturer Caterpillar has set up a captive in Bermuda, new...
MORE
Monday, May 20, 2019
Fraser Irving

Three captive domiciles removed from EU blacklist

Tags: , , , , ,
Three captive insurance domiciles have been removed from the European Union’s (EU)...
MORE
Tuesday, May 14, 2019
Fraser Irving

Bermuda govt: Blacklist removal ‘likely’ this week

Tags: , , , ,
Bermuda is likely to be removed from the EU's blacklist later this...
MORE
Friday, May 03, 2019
Fraser Irving

Marathon Oil’s Bermuda captive switches manager

Tags: , , , , ,
Old Main Assurance, the captive of US oil business Marathon, has switched...
MORE
Friday, April 26, 2019
Fraser Irving

Sura Re ratings affirmed

Tags: , , , ,
AM Best has affirmed the financial and long term credit ratings of...
MORE
Friday, April 12, 2019
Fraser Irving

Former JLT president joins SRS

Tags: , , , ,
Strategic Risk Solutions (SRS) has hired former JLT Insurance Management president Richard...
MORE
Wednesday, March 27, 2019
Fraser Irving

Bermudian govt. travels to Europe in bid to escape blacklist

Tags: , , , ,
The Bermudian government is sending a team to Europe in a bid...
MORE
Thursday, March 14, 2019
Fraser Irving

Industry groups back Bermuda reputation

Tags: , , , ,
Industry groups in Bermuda have backed the government’s efforts to remove the...
MORE
Tuesday, March 12, 2019
Fraser Irving

Bermuda among jurisdictions blacklisted by EU

Tags: , , , , , , , ,
Bermuda has been blacklisted after failing to meet the European Union’s criteria...
MORE
Friday, March 08, 2019
Fraser Irving

ChainThat launches blockchain insurance exchange

Tags: , , , , , ,
A risk and capital exchange for the insurance and reinsurance market is...
MORE
Thursday, February 14, 2019
Fraser Irving

Bermuda captive numbers drop for second year

Tags: , , , , ,
The number of captives licensed in Bermuda has dropped for the second...
MORE
Friday, January 11, 2019
Fraser Irving

Arrowsmith joins WTW as Bermuda head of client service, development

Tags: , , , , , ,
Willis Towers Watson (WTW) has hired Steve Arrowsmith as EVP, head of...
MORE
Friday, January 04, 2019
Fraser Irving

Fleming Re acquires P&C liabilities from SeQure Underwriters

Tags: , , , , , , , ,
Fleming Re has acquired the outstanding property and casualty liabilities from United...
MORE
Wednesday, January 02, 2019
Fraser Irving

Half of new Bermuda formations from automotive, manufacturing, retail – BMA

Tags: , , , , , , ,
Half of all new captive formations in Bermuda came from the automotive,...
MORE
Monday, December 10, 2018
Fraser Irving

Aon names Anup Seth global leader of underwriting solutions

Tags: , , ,
Aon's captive and insurance management team has named Anup Seth global leader...
MORE
Wednesday, November 28, 2018
Fraser Irving

Companies facing new risks should choose Bermuda – BEF

Tags: , , , ,
A new wave of companies cut off by the commercial insurance market...
MORE
Friday, July 13, 2018
Richard Cutcher

Pennsylvanian schools among new captive owners in Bermuda

Tags: , ,
The Pennsylvania School Boards Association has formed a captive in Bermuda, among...
MORE
Monday, June 18, 2018
Richard Cutcher

Canadian owned captives migrating towards Bermuda

Tags: , , , ,
The Linamar Corporation is among two new Canadian captive owners in Bermuda...
MORE
Thursday, June 14, 2018
Richard Cutcher

Bermuda’s regulatory sandbox a “safe space” for insurance innovation

Tags: , , , ,
The Bermuda Monetary Authority (BMA) is hopeful its regulatory sandbox and innovation...
MORE
Monday, June 11, 2018
Richard Cutcher

SAC cells to be added to Bermuda’s beneficial ownership guidelines

Tags: , , , ,
Owners of separate accounts of segregated account companies (SACs) in Bermuda could...
MORE
Wednesday, June 06, 2018
Richard Cutcher

Kathleen Bibbings takes over BIMA presidency

Tags: , , ,
Kathleen Bibbings, of AIG, has taken the reins of the Bermuda Insurance...
MORE
Thursday, May 10, 2018
Richard Cutcher

Thermo Fisher Scientific among five new Bermuda captives

Tags: , , , ,
Five new captive insurers were licensed in Bermuda during the first four...
MORE
Thursday, April 12, 2018
Richard Cutcher

Nissan captive has rating upgraded

Tags: , , , ,
The Bermuda-domiciled captive owned by Nissan Motor Co, Ltd has had its...
MORE
Wednesday, April 04, 2018
Richard Cutcher

Beneficial ownership rules come into force in Bermuda

Tags: , ,
Bermuda’s beneficial ownership register is now in operation bringing the jurisdiction further...
MORE
Monday, February 26, 2018
Richard Cutcher

Exclusive: Paul Bailie takes reins at WTW’s Bermuda captive operation

Tags: , , ,
The Bermuda office in Willis Towers Watson’s global captive practice is now...
MORE
Wednesday, February 14, 2018
Richard Cutcher

Tremendous growth potential for EB captive model – Brian Quinn

Tags: , , ,
Brian Quinn, of Bermuda-based Granite Management, believes the concept of writing employee...
MORE
Wednesday, February 07, 2018
Richard Cutcher

Bermuda licences 17 new captives in 2017

Tags: ,
Seventeen new captives were licensed in Bermuda during 2017, leaving the largest...
MORE
Wednesday, February 07, 2018
Richard Cutcher

Carey Olsen, Michael Hanson launch Bermuda practice

Tags: , ,
Carey Olsen has joined forces with Bermudian lawyer Michael Hanson to launch...
MORE
Tuesday, January 16, 2018
Richard Cutcher

Section 953(d) electing captives “may become more prevalent” in Bermuda

Tags: , , , ,
One outcome from the United States’ tax reform bill could be more...
MORE
Sunday, December 31, 2017
Richard Cutcher

Vermont health network to move captive home

Tags: , , ,
The University of Vermont Health Network will re-domesticate its Bermuda captive to...
MORE
Monday, December 11, 2017
Richard Cutcher

Brit to move Gibraltar captive to Bermuda

Tags: , ,
The Gibraltar-domiciled protected cell company (PCC) owned by Lloyd’s underwriters Brit will...
MORE
Wednesday, December 06, 2017
Richard Cutcher

Major captive domiciles avoid EU blacklist

Tags: , , , , , ,
The Cayman Islands, Bermuda, Guernsey and the Isle of Man have committed...
MORE
Monday, September 11, 2017
Richard Cutcher

SRS launches Bermuda cell company

Tags: , ,
Strategic Risk Solutions has launched a new segregated accounts company (SAC) in...
MORE
Monday, September 11, 2017
Richard Cutcher

GC Securities and Marsh launch Bermuda platform

Tags: , , , ,
GC Securities and Marsh Captive Solutions have joined forces to launch a...
MORE
Monday, September 11, 2017
Richard Cutcher

Captive business generates annual $174m for Bermuda

Tags: ,
The captive insurance industry contributes $174m to Bermuda’s economy every year, according...
MORE
Friday, September 08, 2017
Richard Cutcher

Bermuda and Cayman captives produce strong returns

Tags: , , ,
The 30 A.M. Best rated captives domiciled in Bermuda and the Cayman...
MORE
Monday, August 21, 2017
Richard Cutcher

Ireland deemed ‘compliant’, Bermuda and Cayman Islands ‘largely compliant’ by Global Forum

Tags: , , , , ,
The Global Forum on Transparency and Exchange of Information for Tax Purposes...
MORE
Thursday, June 08, 2017
Richard Cutcher

EY appoints captive leader in Bermuda

Tags: , ,
EY has appointed Umer Islam as leader of its captive insurance practice...
MORE
Monday, June 05, 2017
Richard Cutcher

MTA returns with second cat bond, adds earthquake risk

Tags: , , , , ,
New York State’s Metropolitan Transportation Authority (MTA) has used its captive to...
MORE
Wednesday, May 17, 2017
Richard Cutcher

Owners beginning to executive their Beps plans – Anup Seth

Tags: , , , ,
Captive owners, particularly those from Europe, are beginning to act on the...
MORE
Monday, May 01, 2017
Richard Cutcher

Aon enhances run-off expertise as captive market matures

Tags: , , ,
Aon’s Bermuda operation is becoming more actively involved in legacy solutions and...
MORE
Thursday, April 27, 2017
Richard Cutcher

Solvency II equivalence beneficial to Bermuda’s captive market – Jeremy Cox

Tags: , , ,
One year on from achieving Solvency II equivalence Jeremy Cox, CEO of...
MORE
Wednesday, April 26, 2017
Richard Cutcher

Deputies take on Weldon’s role at BMA

Tags: , ,
There are no plans to appoint a direct replacement for Shelby Weldon,...
MORE
Thursday, April 20, 2017
Richard Cutcher

Butler captive up and running, new risk manager brought in

Tags: , , ,
Butler University sent 14 risk management students to Bermuda earlier this month...
MORE
Tuesday, March 21, 2017
Richard Cutcher

R&Q acquires Bermuda captive

Tags: , , ,
Run-off specialists R&Q has agreed to acquire the wholly-owned captive insurer of...
MORE
Friday, February 24, 2017
Richard Cutcher

Aon partners fund manager to launch new ILS platform

Tags: , , ,
Aon Insurance Managers has partnered with the largest fund administrator in the...
MORE
Thursday, February 16, 2017
Richard Cutcher

Sony captive has outlook revised

Tags: , , ,
The Bermuda-domiciled captive owned by Sony Corporation has had its ratings outlook...
MORE
Monday, February 13, 2017
Richard Cutcher

Shell pension captive among Bermuda’s new 2016 licences

Tags: ,
The Bermuda Monetary Authority licensed 13 new captives in 2016 and ended...
MORE
Thursday, September 29, 2016
Richard Cutcher

KPMG’s Richard Lightowler to retire, Morrison steps in

Tags: , , ,
Richard Lightowler, managing director and head of insurance at KPMG in Bermuda,...
MORE
Friday, August 19, 2016
Richard Cutcher

Children’s Health System re-domiciles Bermuda captive

Tags: , , , , ,
Virginia-based Children's Health System Inc, which operates the Children's Hospital of The...
MORE
Tuesday, August 16, 2016
Richard Cutcher

Marsh completes Shelby Weldon coup

Tags: , , ,
Shelby Weldon, formerly director of licensing and authorisation at the Bermuda Monetary...
MORE
Thursday, August 04, 2016
Captive Review

Video: Michael Frith on emerging markets in Bermuda

Tags: , , , ,
Michael Frith, director in the corporate department in the Bermuda office of...
MORE
Tuesday, July 26, 2016
Captive Review

Video: David Doyle on Solvency II equivalence in Bermuda

Tags: , , ,
David Doyle, of Conyers Dill & Pearman, discusses industry's reaction to Solvency...
MORE
Wednesday, July 20, 2016
Captive Review

Video: Charles Collis on Bermuda ILS growth

Tags: , , , ,
Charles Collis, of Conyers Dill & Pearman, discusses the growth in Bermuda's...
MORE
Monday, July 18, 2016
Richard Cutcher

R&Q adds Bermuda cell company to legacy acquisitions

Tags: , , ,
Run-off specialists R&Q have completed to acquisition of Agency Program Insurance Company...
MORE
Friday, July 01, 2016
Richard Cutcher

Bermuda considers LLC legislation, inspired by Delaware

Tags: , , ,
The Bermuda government is considering new legislation that would introduce limited liability...
MORE
Friday, June 10, 2016
Captive Review

Citadel renames its captive management division

Tags: , , , ,
Cedar Management has been renamed Citadel Management Bermuda Limited to reflect its...
MORE
Thursday, June 02, 2016
Jo Cole

Bermuda Report 2016

Tags: , , , , , , , , , ,
Bermuda has a rich history as the world’ leading offshore jurisdictions for...
MORE
Monday, May 09, 2016
Richard Cutcher

Aon Bermuda appoints new MD

Tags: , , ,
Aon Insurance Managers (Bermuda) has appointed Anup Seth as its managing director,...
MORE
Wednesday, April 20, 2016
Richard Cutcher

Bermuda’s Insurance Manager Code of Conduct open for comment

Tags: , ,
The Bermuda Monetary Authority (BMA) has published its Insurance Manager Code of...
MORE
Tuesday, April 19, 2016
Richard Cutcher

Husbands and Bird take new roles in Marsh’s Bermuda office

Tags: , , , ,
Jill Husbands has been made chairman of Marsh IAS Bermuda, while Lawrence...
MORE
Thursday, February 04, 2016
Richard Cutcher

SOBC makes first Bermuda captive acquisition

Tags: , , , ,
Run-off specialists SOBC Corp has completed the acquisition of Insuratex, Ltd, a...
MORE
Friday, January 15, 2016
Richard Cutcher

Bermuda licenses 22 new captives

Tags: , ,
Bermuda, the largest captive insurance domicile in the world, licensed 22 new...
MORE
Thursday, November 26, 2015
Richard Cutcher

Bermuda achieves SII equivalence with captive carve-out

Tags: , ,
The Bermuda Monetary Authority’s (BMA) (re)insurance regulatory regime has been approved as...
MORE
Tuesday, November 10, 2015
Richard Cutcher

Exclusive: Oliver Heyliger leaves Willis’ Bermuda office

Tags: , ,
Oliver Heyliger has resigned as managing director of Willis Global Captive Practice’s...
MORE
Wednesday, October 14, 2015
Richard Cutcher

UPDATE: Amtrak confirm $275m cat bond completion

Tags: , , , ,
The Amtrak issued catastrophe bond has been completed at $275m, $75m above...
MORE
Monday, September 07, 2015
Richard Cutcher

EIOPA publishes Bermuda progress on Solvency II

Tags: , ,
The European Insurance and Occupational Pensions Authority (EIOPA) has recognised the progress...
MORE
Thursday, August 27, 2015
Richard Cutcher

INPEX captive rated ‘Excellent’

Tags: , , ,
Japanese oil company the INPEX Corporation has had the financial strength rating...
MORE
Tuesday, July 14, 2015
Richard Cutcher

Half year captive formations up in Bermuda

Tags: ,
Bermuda has licensed 10 new captive insurance companies in the first half...
MORE
Tuesday, June 23, 2015
Richard Cutcher

Poland removes Bermuda from blacklist as domicile fights back

Tags: , , , ,
Poland has removed Bermuda from its “blacklist” of countries that are deemed...
MORE
Monday, June 15, 2015
Captive Review

Healthcare Report 2015

Tags: , , , , , , , , ,
Creating or joining a captive vehicle to cover your healthcare risks is...
MORE
Monday, June 08, 2015
Richard Cutcher

The Bermuda Report 2015

Tags:
Bermuda is an established and well respected domicile for both traditional and...
MORE
Monday, June 08, 2015
Richard Cutcher

Bermuda’s Solvency II equivalence bid reaches European Parliament

Tags: , , ,
Bermuda’s bid to achieve full Solvency II equivalence, excluding its captives, has...
MORE
Thursday, May 07, 2015
Richard Cutcher

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

Tags: , , ,
Dominic Wheatley, chief executive of Guernsey Finance, has put to bed claims...
MORE
Tuesday, May 05, 2015
Captive Review

Latin American captives drive growth in Bermuda

Tags: , ,
Latin American companies accounted for 25% of all the new captives established...
MORE
Monday, April 27, 2015
Richard Cutcher

Bermuda relishing domicile competition, anticipates Solvency II approval

Tags: , ,
Shelby Weldon, director of licensing and authorisation at the Bermuda Monetary Authority...
MORE
Friday, April 17, 2015
Richard Cutcher

Expect Guernsey and others to follow Bermuda approach to Solvency II equivalence – Malcolm Cutts-Watson

Tags: , ,
Offshore jurisdictions may reconsider whether to seek Solvency II equivalence if Bermuda...
MORE
Friday, April 10, 2015
Richard Cutcher

JLT Towner Bermuda targets US business

Tags: , ,
Beverley Todd, executive vice president for international captive manager JLT Insurance Management...
MORE
Thursday, April 02, 2015
Richard Cutcher

New chairman for Willis Bermuda

Tags: , ,
Paul Scope has been appointed the chairman of Willis Bermuda, a role...
MORE
Thursday, April 02, 2015
Richard Cutcher

Bermuda makes move to meet Solvency II caveats

Tags: , , ,
The Bermuda Monetary Authority (BMA) has published the enhancements it plans to...
MORE
Wednesday, April 01, 2015
Richard Cutcher

ECIROA seeking EIOPA clarity on Solvency II third country equivalence

Tags: , , , , , ,
Guenter Droese, chairman of the European Captive Insurance and Reinsurance Owners’ Association...
MORE
Friday, March 20, 2015
Richard Cutcher

Roundstone partners Columbus Chamber of Commerce for healthcare captive

Tags: , , , ,
The Columbus Chamber of Commerce has formed an exclusive partnership with Ohio-based...
MORE
Wednesday, March 04, 2015
Richard Cutcher

Bermuda at a crossroads in relationship with Europe – Jeremy Cox

Tags: , , ,
Jeremy Cox, CEO of the Bermuda Monetary Authority (BMA), has used the...
MORE
Tuesday, February 03, 2015
Richard Cutcher

Captive formations in Bermuda slows as 16 new entities licensed in 2014

Tags: ,
Bermuda, the world’s largest captive domicile, licensed 16 new captives in the...
MORE
Tuesday, January 06, 2015
Richard Cutcher

GVB utilise Bermudan SAC for first Swiss Franc cat bond

Tags: , , ,
Switzerland-based building insurer Gebäudeversicherung Bern (GVB) has issued the first Swiss Franc-denominated...
MORE
Monday, December 22, 2014
Richard Cutcher

Bermuda progress towards Solvency II equivalence, captives not included

Tags: ,
Solvency II equivalence for Bermuda has moved one step closer after the...
MORE
Friday, December 05, 2014
Richard Cutcher

EFG set to begin Bermuda operation

Tags: , , ,
EFG Wealth Management will open a new office in Bermuda on 15...
MORE
Tuesday, November 25, 2014
Richard Cutcher

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

Tags: , ,
The Bermuda pure captive PMG Assurance, owned by technology giant Sony, has...
MORE
Friday, November 21, 2014
Richard Cutcher

Evergreen captive rated ‘Excellent’

Tags: , ,
The Bermuda-domiciled pure captive Evergreen Insurance Company Limited (EICL) has had its...
MORE
Tuesday, November 18, 2014
Richard Cutcher

MetLife complete captive re-domestication as part of wider merger

Tags: , ,
Life insurance giant MetLife has completed the re-domestication of its Bermuda captive...
MORE
Friday, November 14, 2014
Richard Cutcher

R&Q poised for two captive acquisitions in Bermuda

Tags: , ,
Randall & Quilter has announced Group pre-tax results for the year ending...
MORE
Thursday, November 13, 2014
Richard Cutcher

Bermuda and Ireland recommended for reinsurance jurisdiction approval by NAIC

Tags: , , ,
The National Association of Insurance Commissioners (NAIC), in the United States, has...
MORE
Wednesday, September 03, 2014
Richard Cutcher

Bermuda and Norway among positives in R&Q results

Tags: , , , ,
Bermuda, Norway and the United States were among the positive aspects of...
MORE
Monday, September 01, 2014
Richard Cutcher

Bermuda’s ILS surge confirmed

Tags: , , ,
Bermuda’s bumper 2013 for insurance-linked securities (ILS) has been confirmed by Axco,...
MORE
Friday, August 29, 2014
Richard Cutcher

Xapo insures Bitcoin vault through captive

Tags: , , ,
Bitcoin wallet company Xapo has announced it has been insuring its users’...
MORE
Friday, August 22, 2014
Richard Cutcher

The BDA appoints Ross Webber as CEO

Tags: , ,
The Bermuda Business Development Agency (BDA) has appointed Ross Webber as chief...
MORE
Friday, August 08, 2014
Richard Cutcher

Kane catbonds surpass $135m in 12 months

Tags: , , ,
Kane SAC has issued two new notes on the Bermuda Stock Exchange...
MORE
Thursday, August 07, 2014
Richard Cutcher

Vale’s Barbados captive rated by Moody’s, risk transferred from Switzerland

Tags: , , , , ,
Brazilian mining giant Vale S.A. has had its Barbados captive assigned a...
MORE
Wednesday, July 30, 2014
Richard Cutcher

Captive and SPI growth slows in Bermuda

Tags: , ,
The Bermuda Monetary Authority (BMA) licensed seven new captives in the first...
MORE
Friday, June 06, 2014
Richard Cutcher

CTC Insurance Management signs up new COO

Tags: , , ,
William Wood has been appointed chief operating officer at Bermuda-based CTC Insurance...
MORE
Friday, May 23, 2014
Richard Cutcher

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

Tags: , , ,
Ardellis Insurance Ltd, the single parent captive of Universal Forest Products, has...
MORE
Friday, April 11, 2014
Richard Cutcher

Bermuda Report 2014

Tags:
Featuring insights from the BMA, KPMG, Artex, Butterfield and several other leading...
MORE
Wednesday, April 09, 2014
Richard Cutcher

Bermuda stats show Latam is more than just hype

Tags: ,
Latin American interest in captives materialised into formations last year, with a...
MORE
Friday, January 24, 2014
Richard Cutcher

BMA to introduce electronic reporting

Tags: , ,
The Bermuda Monetary Authority (BMA) plans to introduce electronic reporting for its...
MORE
Monday, January 20, 2014
Richard Cutcher

BMA insurance registrations up 72%

Tags: ,
Bermuda registered 24 new captives and a record 51 special purpose insurers...
MORE
Friday, January 17, 2014
Richard Cutcher

Bermuda captive receives positive rating

Tags: , ,
Ratings agency AM Best has affirmed the financial strength rating of A-...
MORE
Monday, January 06, 2014
Richard Cutcher

ILS listings buoyant in Bermuda

Tags: ,
The Bermuda Stock Exchange (BSX) listed almost $10bn in insurance-linked securities (ILS)...
MORE
Friday, January 03, 2014
Richard Cutcher

BMA appoints insurance supervisor

Tags: , ,
The Bermuda Monetary Authority (BMA) has appointed Andrew Gibbs as the director...
MORE
Friday, December 13, 2013
Richard Cutcher

Bermuda sees 76% more captives than 2012

Tags: ,
Bermuda has maintained solid growth in its captive insurance sector so far...
MORE
Thursday, December 12, 2013
Richard Cutcher

Ecopetrol’s captive gets rating upgrade

Tags: , ,
Global ratings agency Fitch, has upgraded the Insurer Financial Strength (IFS) of...
MORE
Tuesday, December 10, 2013
Richard Cutcher

Bermuda based SAC Re finds buyer

Tags: ,
S.A.C. Re Holdings, Ltd. has found a buyer for its Bermuda-based Class...
MORE
Monday, December 09, 2013
Richard Cutcher

Argo establishes Bermuda SPI

Tags: , ,
Insurance and reinsurance company Argo Group have established a new Bermuda-domiciled special...
MORE
Friday, November 29, 2013
Richard Cutcher

After the deluge

Tags: ,
The appeal of ILS is obvious: it is uncorrelated to the broader...
MORE
Thursday, November 28, 2013
Richard Cutcher

Bermuda signs UK IGA

Tags: , , ,
Bermuda signed a Foreign Account Tax Compliance Act (FATCA) Intergovernmental Model 2...
MORE
Tuesday, November 12, 2013
Richard Cutcher

Third Point Re reports positive Q3

Tags: ,
Bermudian reinsurer Third Point Re reported increases in underwriting and investment returns...
MORE
Friday, November 08, 2013
Richard Cutcher

Bermudian reinsurer appoints board members

Tags: , ,
Bermuda-based specialty property and casualty reinsurer Third Point Reinsurance Ltd., has appointed...
MORE
Wednesday, October 30, 2013
Richard Cutcher

Bermuda to become Islamic finance hub

Tags:
Bermuda plans to become a leading western destination for Islamic finance, building...
MORE
Thursday, October 24, 2013
Richard Cutcher

Bermuda-based BNY Trade gets positive rating

Tags: , , ,
AM Best has affirmed the financial strength rating of A (Excellent) and...
MORE
Thursday, October 24, 2013
Richard Cutcher

Bermuda insurance registrations increase

Tags: ,
Bermuda’s insurance company registrations have increased 61% year-on-year. The latest figures from...
MORE
Wednesday, October 23, 2013
Richard Cutcher

Bermuda's Aspen Re launches Rock Re

Tags: ,
Bermuda-based Aspen Reinsurance, the reinsurance segment of Aspen Insurance Holdings Limited has...
MORE
Friday, October 18, 2013
Richard Cutcher

Endurance Re US appoints CUO

Tags: , ,
Bermuda-based specialty insurer, Endurance Specialty Holdings Ltd. has appointed Christopher Donelan as...
MORE
Wednesday, October 16, 2013
Richard Cutcher

Hiscox Bermuda makes two appointments

Tags: , ,
Specialty insurer Hiscox has expanded its non-property catastrophe business with two Bermuda-based...
MORE
Tuesday, October 15, 2013
Richard Cutcher

Tokio Millennium Re completes redomestication

Tags: , ,
Tokio Millennium Re (TMR), a subsidiary of Tokio Marine Holdings Inc. &...
MORE
Tuesday, October 08, 2013
Richard Cutcher

Endurance appoints executive vice president

Tags: ,
Specialty (re)insurance provider, Endurance Specialty Holdings, has appointed Graham Evans as executive...
MORE
Friday, October 04, 2013
Richard Cutcher

SAC Capital looking for SAC Re buyer

Tags: ,
Hedge fund firm SAC Capital Advisors LP is seeking a buyer for...
MORE
Friday, October 04, 2013
Richard Cutcher

Ironshore appoints Johnson to Pembroke board

Tags: , ,
Bermuda-based specialty property and casualty broker Ironshore has appointed Mark Johnson to...
MORE
Thursday, October 03, 2013
Richard Cutcher

Fairfax completes American Safety acquisition

Tags: ,
Fairfax Financial Holdings Limited has completed its acquisition of American Safety Insurance...
MORE
Thursday, September 26, 2013
Richard Cutcher

Validus establishes Swiss underwriting operation

Tags: , ,
Bermuda-based Validus Holdings is establishing a Swiss underwriting company, transforming the existing...
MORE
Friday, September 20, 2013
Richard Cutcher

The Great Migration

Tags: ,
While a perfect storm of political and fiscal pressure is causing US...
MORE
Thursday, September 19, 2013
Richard Cutcher

German hailstorm to cost PartnerRe up to $60m

Tags: , , ,
PartnerRe has estimated that the cost of the German hailstorms in July...
MORE
Wednesday, September 18, 2013
Richard Cutcher

Catalina acquires Bermudian reinsurer

Tags: , ,
Bermuda-based runoff consolidator Catalina Holdings has signed an agreement to acquire Alea...
MORE
Tuesday, September 17, 2013
Richard Cutcher

BMA accepts NAIC qualified jurisdictions listing

Tags: , ,
The Bermuda Monetary Authority (BMA) has accepted its invitation to participate in...
MORE
Tuesday, September 10, 2013
Richard Cutcher

Enstar complete acquisition of Bermuda reinsurer

Tags: ,
Bermuda-based run-off specialists Enstar Group Limited has completed the joint acquisition of...
MORE
Thursday, September 05, 2013
Richard Cutcher

Bermuda SPI appoints CEO

Tags: ,
Bermuda-based special purpose insurer (SPI) Multi-Strat Re Ltd has appointed Bob Forness...
MORE
Friday, August 30, 2013
Richard Cutcher

R&Q complete Bermuda move

Tags: ,
Independent captive manager and run-off specialists Randall & Quilter (R&Q) has completed...
MORE
Friday, August 23, 2013
Richard Cutcher

Bermuda reports steady captive growth

Tags: ,
Bermuda registered 47 new insurers for the period ending July 2013; this...
MORE
Tuesday, August 20, 2013
Richard Cutcher

Tower terminates acquisition of ASRe

Tags: , ,
Bermuda-based international insurer Tower Group International will not acquire American Safety Reinsurance...
MORE
Monday, August 12, 2013
Richard Cutcher

Drop in Enstar's H1 profits

Tags: , ,
Bermuda-based run-off specialists, Enstar Group has reported a net profit of $19.1m...
MORE
Tuesday, August 06, 2013
Richard Cutcher

Michael Harden named CEO of Willis Re Bermuda

Tags: , , ,
Michael Harden, currently chairman of Willis Re Australia, has been appointed CEO...
MORE
Thursday, August 01, 2013
Richard Cutcher

Bermuda's Axis Capital reports Q2 profit fall

Tags: ,
Bermuda-based insurer and reinsurer Axis Capital Holdings Ltd. reported net income of...
MORE
Wednesday, July 31, 2013
Richard Cutcher

S.A.C Re's ratings placed under review

Tags: , ,
Rating agency, A.M. Best has placed the financial strength rating of “A-...
MORE
Tuesday, July 30, 2013
Richard Cutcher

Editor's Letter: August 2013

Tags: , ,
One of the advantages of writing about captive insurance for a living...
MORE
Tuesday, July 30, 2013
Richard Cutcher

PartnerRe reports Q2 losses

Tags: ,
Bermuda-based PartnerRe Ltd. has reported a loss of $175.6mn for the second...
MORE
Monday, July 29, 2013
Richard Cutcher

Bermuda reports 40% increase in Q2 insurer registrations

Tags:
Bermuda has registered 34 new insurers in the first half of this...
MORE
Friday, July 26, 2013
Richard Cutcher

RenRe forms business stateside

Tags: ,
Bermuda-based reinsurer RenaissanceRe Holdings Ltd has formed a new specialty reinsurance agency...
MORE
Tuesday, July 16, 2013
Richard Cutcher

Hardy appoints non-exec director

Tags:
Bermuda-based Lloyds insurer, Hardy has appointed a former Willis risk management leader...
MORE
Tuesday, July 16, 2013
Richard Cutcher

PartnerRe estimate large flood related losses

Tags: , ,
Bermudian reinsurer PartnerRe has estimated that the cost of June’s European floods...
MORE
Wednesday, July 10, 2013
Richard Cutcher

Hiscox Re appointments

Tags: , , ,
Hiscox Re, the reinsurance division of Bermuda-based insurance and reinsurance group Hiscox,...
MORE
Thursday, July 04, 2013
Richard Cutcher

R&Q to redomicile to Bermuda

Tags: ,
Specialist non-life insurance investor, Randall & Quilter (R&Q) has received court approval...
MORE
Tuesday, June 25, 2013
Richard Cutcher

Hiscox launches new Bermuda SPI

Tags: , , ,
Bermuda-based insurer Hiscox has brought a new, fully capitalised special purpose insurer...
MORE
Monday, June 24, 2013
Richard Cutcher

R&Q novates MPPA insurance contracts

Tags: , ,
Randall & Quilter Investment Holdings plc (R&Q) have reached agreement with MPPA...
MORE
Wednesday, June 19, 2013
Richard Cutcher

Bermuda's PartnerRe appoint two board members

Tags: , ,
Bermuda-based reinsurer PartnerRe has appointed Debra Perry and Greg Seow to its...
MORE
Monday, June 17, 2013
Richard Cutcher

Overseas territories agree on G8 tax information deal

Tags: , , , , , , , , , , ,
UK Prime Minister David Cameron has obtained agreement from Britain's overseas territories...
MORE
Friday, June 14, 2013
Richard Cutcher

Cannonier criticises Reuters

Tags: ,
Bermudian Premier, Craig Cannonier, has objected to a Reuters headline which quoted...
MORE
Friday, June 07, 2013
Richard Cutcher

Capital G hire former Butterfield senior banker

Tags: ,
Bermuda-based Capital G Bank Ltd has appointed former Butterfield senior banker Bob...
MORE
Thursday, June 06, 2013
Richard Cutcher

UK asks ‘tax havens’ to sign convention

Tags: , , , , , , , , , , , ,
UK prime minister, David Cameron has requested for the senior ministers of...
MORE
Wednesday, June 05, 2013
Richard Cutcher

Axis hires new third-party capital head

Tags: ,
Bermuda-based global insurance and reinsurance group AXIS Capital Holdings have appointed a...
MORE
Wednesday, June 05, 2013
Richard Cutcher

Bermuda's Enstar acquires Atrium and Arden Re

Tags: , ,
Bermuda’s Enstar Group Ltd. has confirmed it has entered into an agreement...
MORE
Monday, June 03, 2013
Richard Cutcher

Bermuda fears reinsurance bill will be passed without warning

Tags: , ,
The Association of Bermuda Insurers and Reinsurers (ABIR) have said that the...
MORE
Monday, June 03, 2013
Richard Cutcher

Tower expands their Bermuda reinsurance business

Tags: , ,
Tower Group International, Ltd. has entered into an agreement to acquire the...
MORE
Friday, May 31, 2013
Richard Cutcher

Performa continue global expansion with new hire

Tags: , , , ,
Global investment manager P.R.P. Performa, has named Sandi Prescott as its global...
MORE
Thursday, May 23, 2013
Richard Cutcher

MetLife capitulates to DFS and repatriates captive to US

Tags: , ,
MetLife, the US’s largest life insurer, is repatriating its offshore captive business...
MORE
Tuesday, May 21, 2013
Richard Cutcher

BMA announces senior management team realignment

Tags: , ,
The Bermuda Monetary Authority (the Authority) has announced structural changes within its...
MORE
Tuesday, May 21, 2013
Richard Cutcher

Insurance linked securities listing on Bermuda exchange soar

Tags: ,
The total volume of insurance-linked securities (ILS), including catastrophe bonds and reinsurance-linked...
MORE
Thursday, May 16, 2013
Richard Cutcher

RenRe’s CEO to retire

Tags: , ,
RenaissanceRe’s CEO Neill Currie, who co-founded the reinsurer in 1995, has announced...
MORE
Wednesday, May 15, 2013
Richard Cutcher

Sirius International announce ILS team

Tags: , ,
Sirius International Group, Ltd. have appointed Michael Halsband and Deanne Nixon to...
MORE
Tuesday, May 14, 2013
Richard Cutcher

AIG appoints Bermuda head

Tags: , ,
American International Group has appointed Anthony Philip as the new president and...
MORE
Tuesday, May 14, 2013
Richard Cutcher

Tokio Millennium Re to redomesticate to Switzerland

Tags: , ,
Tokio Millennium Re Ltd. plans to redomesticate its place of incorporation from...
MORE
Wednesday, May 01, 2013
Richard Cutcher

Bermuda warns FACTA could be costly

Tags: , ,
Bermuda’s premier has warned that complying with the US’s Foreign Account Tax...
MORE
Friday, April 26, 2013
Richard Cutcher

Bermuda helps UK fight tax evasion

Tags: , ,
Bermuda has entered into “automatic exchange of information agreements” with the United...
MORE
Thursday, April 25, 2013
Richard Cutcher

R&Q plan redomiciliation to Bermuda amidst Solvency II uncertainty

Tags: ,
UK based Randall & Quilter (R&Q) plan to redomicile their holding company...
MORE
Wednesday, April 24, 2013
Richard Cutcher

New cat bond for Allianz

Tags: , ,
Allianz have issued a new catastrophe bond with aims to gain reinsurance...
MORE
Tuesday, April 23, 2013
Richard Cutcher

Five new captives for Bermuda Q1 2013

Tags: , , ,
New (re)insurers starting up in Bermuda has increased 85% over the past...
MORE
Tuesday, April 23, 2013
Richard Cutcher

Bermuda Business Development Corporation merger finalised

Tags: ,
The Bermuda Business Development Corporation (BBDC) have finalised their merger with Business...
MORE
Friday, April 19, 2013
Richard Cutcher

BMA creates new executive role

Tags: , ,
The Bermuda Monetary Authority (BMA) has appointed former director of insurance supervision,...
MORE
Wednesday, April 17, 2013
Richard Cutcher

Catalina completes acquisition of KX Re

Tags: ,
Catalina Holdings (Bermuda) Ltd. have completed their acquisition of KX Reinsurance Co....
MORE
Wednesday, January 18, 2012
Richard Cutcher

Substantial captive growth reported globally

Tags: , , , , , ,
Bermuda, Guernsey and Vermont saw substantial growth in captives across 2011.  ...
MORE
Tuesday, January 17, 2012
Richard Cutcher

Bermuda’s equivalence ‘could be limited’

Tags: , , , ,
Bermuda will not have to apply the most stringent aspects of Solvency...
MORE
Friday, December 16, 2011
Richard Cutcher

Bermuda offered ‘segmented equivalency’ by EC

Tags: , , ,
Bermuda will not have to apply the most stringent aspects of Solvency...
MORE
Monday, December 12, 2011
Richard Cutcher

Bermuda licenses two new Canadian captives

Tags: , , , , , , ,
Bermuda has reported an increase in Canadian captives looking to domicile in...
MORE
Tuesday, November 22, 2011
Richard Cutcher

Bermudan captive liquidated

Tags: , , , ,
A Bermudan captive reinsurer parented by YMCA was liquidated on November 9....
MORE
Wednesday, October 26, 2011
Richard Cutcher

Bermuda receives final Solvency II reports

Tags: , , , ,
Bermuda has received the European Insurance and Occupational Pensions Authority’s final reports...
MORE
Wednesday, October 12, 2011
Richard Cutcher

JPMorgan Chase novates liabilities

Tags: , , ,
JP Morgan Chase & Co has novated liabilities from its Bermudan captive...
MORE
Monday, October 03, 2011
Richard Cutcher

Bermuda benefits from Captive Live clients

Tags: , , , ,
Bermuda believes the world still needs to be educated on the benefits...
MORE
Monday, October 03, 2011
Richard Cutcher

Honeywell looks to write new risks

Tags: , , , , , ,
Honeywell is looking to write trade credit and supply chain risks into...
MORE
Wednesday, September 28, 2011
Richard Cutcher

Trucking company decides to start captive

Tags: , ,
An Illinois-based trucking company is looking to start a captive.   Compass...
MORE
Thursday, August 25, 2011
Richard Cutcher

Court case raises doubts about rent-a-captives

Tags: , ,
A multimillion dollar court case ruling is predicted to have “major implications”...
MORE
Monday, August 22, 2011
Richard Cutcher

Bermudan captives may be spared Solvency II

Tags: , ,
A draft report by the European Insurance and Occupational Pensions Authority (EIOPA)...
MORE
Tuesday, December 14, 2010
Richard Cutcher

AM Best upgrades ratings of BNY Trade Insurance

Tags: , ,
AM Best Co has upgraded the financial strength rating (FSR) to A...
MORE
Thursday, November 25, 2010
Richard Cutcher

Bermuda tax law extension will provide ‘comfort and certainty’

Tags: , ,
The extension to existing tax exemptions for Bermuda companies outlined in the...
MORE
Tuesday, November 23, 2010
Richard Cutcher

Kane believed to be buying HIM

Tags: , , , ,
HSBC Bermuda is thought to have accepted an offer from Kane to...
MORE
Thursday, October 28, 2010
Richard Cutcher

BMA consults on risk-based model for long-term insurers

Tags: , ,
The Bermuda Monetary Authority (BMA) has issued a consultation paper on long-term...
MORE
Thursday, October 21, 2010
Richard Cutcher

Risk managers more visible, says Marsh

Tags: ,
Risk managers are becoming more visible and active across their organisations wielding...
MORE
Thursday, August 12, 2010
Richard Cutcher

David Sykes to join Strategic Risk Solutions

Tags: , , , ,
Captive management and consultancy firm Strategic Risk Solutions (SRS) announced yesterday (11...
MORE
Wednesday, July 21, 2010
Richard Cutcher

BMA outlines approach to Solvency II equivalence

Tags: , , , ,
The Bermuda Monetary Authority (BMA) has published details of its proposals for...
MORE
Wednesday, July 21, 2010
Richard Cutcher

BMA fills newly-created COO position

Tags: , ,
The Bermuda Monetary Authority (BMA) announced the appointment on 19 July of...
MORE
Friday, July 02, 2010
Richard Cutcher

Risk Service/AmTrust merger announced

Tags: , , , , , ,
Captive management/consulting firm and reinsurance intermediary Risk Services is to merge with...
MORE
Friday, July 02, 2010
Richard Cutcher

Aon launches Bermuda consulting office

Tags: ,
Aon Global Risk Consulting (AGRC) announced on 28 June that it is...
MORE
Tuesday, June 22, 2010
Richard Cutcher

BMA launches internal model for Solvency II

Tags: , , ,
The Bermuda Monetary Authority has launched a pilot of its internal capital...
MORE
Thursday, June 10, 2010
Richard Cutcher

BMA launches internal model for Solvency II

Tags: , , ,
The Bermuda Monetary Authority has launched a pilot of its internal capital...
MORE
Thursday, June 10, 2010
Richard Cutcher

Captive Review Bermuda Report 2010

Tags: ,
Captive Review Bermuda 2010
Monday, April 26, 2010
Richard Cutcher

White Rock launches in Isle of Man

Tags: , , , , , , ,
Aon’s White Rock has launched a protected cell company (PCC) in the...
MORE
Friday, April 09, 2010
Richard Cutcher

Reorganised GM captive breeds new manager

Tags:
© GM Corp General International Limited (GIL), General Motors’ Bermuda-based captive insurance...
MORE
Monday, March 08, 2010
Richard Cutcher

List in Our Services Directory

Tags: , , , , , , , , , , ,
To submit your entry click on the link below, benefits include: 12...
MORE
Wednesday, January 20, 2010
Richard Cutcher

LOM to leave Cayman for Bahamas

Tags: , , , ,
LOM Holdings has announced that it will be closing its Caribbean office...
MORE
Features
Demystifying intangible assets
Marcus Schmalbach of RYSKEX outlines how a captive can become a profit centre with parametric...
MORE
Video: RMC Webinar – Managing US medical spend
Ryan Mitchell, the president of RMC UK and Robert Myers Robert, senior health and benefits...
MORE
Micro captives, mega issues
Last month, the Internal Revenue Service (IRS) announced that it has established 12 new teams...
MORE
The Next Generation
According to statistics from the US Bureau of Labor Statistics, a quarter of all insurance...
MORE
20 Captive Myths
There are a number of myths about captive insurance, so we're bringing you the truth...
MORE