captive insurance News
Cayman Islands Approves 21 New International Insurance Licenses During H1
The Cayman Islands Monetary Authority (CIMA), which represents the international insurance industry in the British overseas territory, reported that licenses have been approved for 21 new ...
London Market Brokers, Associations Welcome Move to Create UK Captive Domicile
The UK Chancellor of the Exchequer Rachel Reeves announced that the UK will introduce a captive insurance company regime – a decision that was welcomed by brokers and trade associations across the ...
Forged Signatures, Fake Policies? Lawsuits Raise Questions About Captive Plan
The owners of one of the oldest insurance agencies in Texas must have felt pretty surprised when they were named in a federal lawsuit brought by an AIG company, alleging the agency was part of an ...
U.S. Captive Market Thrives Amid Capacity, Pricing Challenges
The U.S. captive insurance market segment continued to generate profits and surplus gains in 2021 while outperforming the commercial market, according to a new AM Best report. The Best's Special ...
Pandemic Pressures Push More Business Classes to Use Captive Insurers
Fed up with rising prices and more stringent terms and conditions for their insurance policies as a result of the coronavirus pandemic, companies are turning to in-house insurance firms. These ...
More Firms Use Captives for Their Insurance in a Tightening Market: Marsh
More organizations are using captives for insurance protection and financial flexibility in response to today's risk and insurance landscape. In its 2020 captive report, insurance broker Marsh says ...