captive insurers News
Microsoft Insurer Fails to Recoup $175M from Xbox Chipmaker Hit by Fire
Microsoft Corp.'s captive insurer has lost its bid to recover $175 million in costs the software maker said it incurred in 2013 to replace memory chips that a manufacturer failed to deliver because ...
Lyft and Uber Build Their Own Captive Insurers In Hawaii
Ride-sharing giants Lyft Inc. and Uber Technologies Inc. seem to have found the same solution for dealing with the risks of managing millions of drivers on the road: Creating their own insurers in ...
Executives On The Move at XL Catlin and JLT Specialty USA
An ex-Zurich Insurance exec is coming to XL Catlin in a major leadership role. JLT Specialty USA appointed a new vice president who will help assist the restructuring community in solving complex ...
Captive Insurers Have a Strong Place in the U.S. Market: A.M. Best
Captive insurance companies rated by A.M. Best ended 2015 in strong form, recording pretax operating income of $1.4 billion, a 13.5 percent increase over 2014, according to a new A.M. Best special ...
AIG Launches Bermuda Segregated Accounts Company
In response to strong demand for alternative risk financing programs, particularly from small and midsize companies globally, American International Group Inc. on Friday announced the launch of Grand ...