News
Insurance
Since the introduction of the first captive bill in 1981, captive insurance has played an important role in supporting economic growth in the state of Vermont. 10 August 2017
Insurance
Aegon has agreed to sell its Dublin-based subsidiary Aegon Ireland to AGER Bermuda, the holding company of the European operations of Athene Holding. 10 August 2017
News
Pressure on the reinsurance operations and investment income are increasingly weighing on Munich Re’s results, but the new CEO Joachim Wenning says that there is not much he can do about the main factors behind it as they are beyond the company’s control. 9 August 2017
Insurance
New York-based insurance holding company AmTrust Financial Services saw its profits plummet in the second quarter of 2017 as the cost of a retroactive reinsurance agreement weighs on results and the combined ratio deteriorates. 9 August 2017
Insurance
UK insurer RSA has appointed Anny Khaitan as chief operating officer for its global risk solutions (GRS) business. 9 August 2017
News
A captive can play a big role in reimbursing an organisation for any damage to its reputation, and this form of risk transfer should be viewed as an efficient way of funding the reputational risk of companies long term. 9 August 2017
Insurance
Former Cooper Gay CEO Toby Esser is set to acquire a majority stake in independent London broker AFL, sources told Intelligent Insurer. 8 August 2017
Alternative Risk Transfer
Solidum Partners, the Switzerland-based investment firm that specialises in helping companies issue private cat bonds, has facilitated the issuance of the first insurance-linked security (ILS) whereby the traditional settlement system has been replaced with the use of blockchain. 8 August 2017
Insurance
Increasing premium limits, reporting requirements, ownership restrictions, and increased scrutiny from the Internal Revenue Service (IRS) has made prospective captive owners more cautious about forming 831(b) captives. 8 August 2017
Insurance
Against a backdrop of rising medical costs and uncertainty surrounding the future of US healthcare, more proactive business owners are looking at more competitively priced solutions such as medical group captives. 8 August 2017
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