AM Best affirms ratings of Shell’s two Texas captives

Solen Versicherungen AG mostly writes offshore and onshore property and liability risks,...
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Apogee captive has ratings affirmed

Prism Assurance, Ltd. is based in Vermont and provides very specific lines...
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AM Best affirms ratings of BNY Mellon captives

Bermuda-based BNY Trade Insurance, and New York-based Hamilton Insurance Corp praisded for...
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DSLD Homes captive has ratings affirmed

South Carolina based Quasar Insurance Company writes largely general liability and subcontractor...
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Signet Jewelers captive gets upgrade to long-term issuer credit rating

AM Best also adjusts its assessment of Texas-based Zale Indemnity Company’s operating...
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Pfizer captive gets ratings affirmed

Vermont-based Blue Whale has opted to participate in small slices of its...
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AM Best affirms ratings of BHL Guernsey captive

Internal reinsurer to the BHL group, Jacana Re, writes risks stemming from...
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Trisura ratings outlook revised as captive exposure reduced

Fronter last year received a negative outlook from AM Best after a...
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AM Best affirms ratings of NiSource’s Utah captive

Captive provides all-risk property, workers’ compensation, excess general and automobile liability, medical...
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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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ConocoPhillips captives receive ratings

Vermont-based Sooner has ratings affirmed, while Texas-based Rodeo, 100% reinsured by Sooner,...
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JP Morgan captive gets ratings affirmed

Vermont-based captive Park provides global property coverages, including terrorism, cyber and banker’s...
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Petronas captive receives negative ratings outlook

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

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

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

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

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

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

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

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

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

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

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

Captive reinsurer Fortegra Indemnity is domiciled in the Turks and Caicos Islands...
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China captives get outlook downgrade

Moody’s turns negative on ten insurers after downgrading the outlook of China’s...
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SAOC Bermuda captive gets credit ratings upgrade

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

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

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

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

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

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

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

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

Global shipping firm’s Bermuda captive writes primarily marine, aviation and property risks...
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AM Best affirms ratings of CNOOC Barbados captive

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

Captive suffered an underwriting loss in 2022, but performance expected to improve...
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Ratings of GreenStars BNP Paribas affirmed

Luxembourg-based subsidiary of BNP Paribas is concentrated in credit insurance   AM...
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AM Best affirms ratings of BP captives

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

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

AM Best affirms the ratings of Michigan-based Dorinco Reinsurance Company and praises...
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Bermuda captive of EMP increases retentions

Colombia’s largest power generation and multiutility company has the ratings of its...
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Stonefort primary insurance unit to be placed into run-off

Company tells Captive Review the decision was taken on consideration of market...
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COSCO Shipping captive has ratings affirmed

China-based captive was formed in 2017 and has achieved a net profit...
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$150m injected into INPEX captive to boost underwriting capacity

AM Best upgrades ratings of INPEX’s captive, as the Japanese oil and...
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Saipem captive maintains profitability despite large claim

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

Ireland-based Greenval’s parent is a vehicle-leasing company wholly owned by BNP Paribas...
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Suramericana captive has ratings affirmed

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

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

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

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

AM Best expects robust long-term underwriting performance after losses in 2021 and...
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Profits up at Waste Management’s captive

AM Best reports that reduced underwriting expenses and zero losses in the...
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AM Best affirms ratings of NextEra Energy captives

Captives include a Delaware start-up Palms Specialty formed last year   AM...
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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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Ratings of Signet captive upgraded on decision not to sell

Signet Jewelers had planned to sell their Texas-based captive which provides contractual...
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AM Best affirms Apogee captive ratings

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

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

Utah-based captive has its ratings affirmed by AM Best   AM Best has...
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Trisura outlook revised to negative

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Group is addressing issues around management of captives within its US operations...
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Capital adequacy expected to dip for Elevance Health captive

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

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

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

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

Large loss claim in late 2021 dealt with “efficiently and productively” by...
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Delvag ratings outlook upgraded to stable

Outlook had been negative, but revised thanks to improved creditworthiness of parent...
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Phillips 66 captives post ‘generally favourable’ loss experience

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

Oxford Insurance Company MT LLC was formed earlier this year.   AM...
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Telefónica’s new captive outperforms former in 2021

AM Best notes potential spin-offs of Telefónica’s major LatAm businesses will impact...
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AES captive gets ratings upgrade

Vermont captive gains from parent’s improved credit profile and its integral role...
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“Strong operating performance” from Ameriprise captive

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

AM Best reports losses limited by lack of catastrophe events and strong...
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AM Best affirms ratings of GreenStars BNP Paribas

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

Cayman-based group captive provides insurance to 450 SMEs.   AM Best has affirmed...
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AM Best affirms ratings of Itochu captive

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

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

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

Denmark
The captive has reported underwriting profits, net of reinsurance, in four of...
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AM Best affirms ratings of Dow Chemical Company captive

stable ratings affirmed
Ratings agency acknowledges long track record of favourable operating performance balancing some...
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AM Best removes Saipem’s captive reinsurer from review

Rating agency removes Sigurd Rück AG from ‘under review with negative implications’....
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Fitch assigns ‘A+’ ratings to CAMCA Assurance and CAMCA Reassurance

Fitch Ratings has affirmed Luxembourg-based CAMCA Assurance (CAA) and CAMCA Reassurance’s (CAR)...
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AM Best developing pandemic stress test

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

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

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

AM Best has given Coface North America Insurance Company (CNAIC) a financial...
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Fitch targets single parent captives for new ratings

Pure captives owned by large corporate companies have a good chance of...
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Waste Management captive has Excellent rating affirmed

National Guaranty Insurance Company of Vermont (NGIC), the pure captive of Waste...
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Lufthansa captives rated Excellent

Delvag Luftfahrtversicherungs-AG, domiciled in Germany, has had its financial strength rating of...
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Vermont Captive Insurance Association (VCIA) president Kevin Mead and senior marketing director Francis McGill discuss...
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Michael Corbett, Nate Reznicek and Robert Walling explore whether additional captive manager licensing would raise...
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Andrew Koegel, the European chief underwriting officer at Toyota Insurance Management, explains what anyone considering...
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Kevin Poole, general manager of the Insurance Managers Association of Cayman, talks through the process...
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