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30th of July 2010

South Carolina enlarges regulatory team pending new formations

South Carolina enlarges regulatory team pending new formations

The South Carolina Department of Insurance has made a number of promotions within its Alternative Risk Transfer Services division and is looking to recruit additional staff
 
22/07/2010 more//

Vermont captive growth rate increases

Vermont captive growth rate increases

Vermont has licensed 17 new captive insurance companies in the first half of 2010, 3 more than the same time last year, according to a statement issued on 21 July

22/07/2010 more//

Federal Insurance Office to go ahead

Federal Insurance Office to go ahead

US President Barack Obama has signed into law the financial reform bill that includes provisions for Federal oversight of the insurance industry

21/07/2010 more//

BMA fills newly-created COO position

BMA fills newly-created COO position

The Bermuda Monetary Authority (BMA) announced the appointment on 19 July of Brad Erickson to the newly-created position of chief operating officer, effective immediately

21/07/2010 more//

BMA outlines approach to Solvency II equivalence

BMA outlines approach to Solvency II equivalence

The Bermuda Monetary Authority (BMA) has published details of its proposals for achieving regulatory equivalence with the European Union Solvency II Directive, including its Own Risk and Solvency Assessment (ORSA) model

21/07/2010 more//

Zurich names new captive head

Zurich names new captive head

Zurich named Rod DeMaso as head of its Captives & Alternative Risk Transfer Solutions for Programs & Direct Markets unit on 15 July

21/07/2010 more//

RIMS voices objections to reinsurance tax proposals

RIMS voices objections to reinsurance tax proposals

The Risk and Insurance Management Society (RIMS) has announced its continuing opposition to a bill proposing increased taxation of offshore reinsurance taxations.
 
HR 3424, which was introduced to the US Congress by Massachusetts Representative Richard Neal, was the subject of a hearing on 14 July in the House of Representatives Select Revenue Measures Subcommittee, chaired by Rep Neal.
21/07/2010 more//

US ruled out of initial Solvency II equivalence assessment

US ruled out of initial Solvency II equivalence assessment

The Committee of European Insurance and Occupational Pensions Supervisors (CEIOPS) has said that the US will not be among the first set of countries to be assessed for regulatory equivalence with Solvency II

21/07/2010 more//

PERILS-based transactions reach $250m

PERILS-based transactions reach $250m

PERILS, the independent provider of European catastrophe insurance data, announced on 14 July that 2010 first-half placements of insurance risk transactions based on its loss index exceeded $250m

21/07/2010 more//

Aon and Hewitt to merge

Aon and Hewitt to merge

Aon Corporation and Hewitt Associates announced on 12 July that the boards of both companies approved an agreement under which Hewitt will merge with a subsidiary of Aon

21/07/2010 more//

PartnerRe announces new global CEO

PartnerRe announces new global CEO

Emmanuel Clarke was named CEO of PartnerRe Global on 12 July, with effect from 1 September 2010.
Clarke will be responsible for the executive management of all PartnerRe's underwriting operations outside of North America.
21/07/2010 more//

Entire CCRIF membership renew policies

Entire CCRIF membership renew policies

All sixteen members of the Caribbean Catastrophe Risk Insurance Facility have renewed their policies for hurricane and earthquake coverage for the 2010/11 year, beginning on 1 June

21/07/2010 more//

Solvency II to boost reinsurance use

Solvency II to boost reinsurance use

Solvency II will boost the importance of reinsurance to captive and other insurance programmes, according to a new report launched this week

02/07/2010 more//

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Captive Insurance Database - CID is the most comprehensive web based database of captive insurance information.

CID givess users access to the captive name, parent company, manager, license date and captive type for captive insurance companies worldwide.  Uniquely, the Captive Insurance Database also contains vital contact information for captive owners and sponsors.  A powerful search engine drives the query and save functions which enable you to filter and store results by domicile, by captive manager, by parent company and many more.

Users will also receive regular alerts of all new data added to CID as it evolves.

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Cell Company Guide

WELCOME TO THE Captive Review Cell Company Handbook 2009 – the second edition of our global directory of cell company jurisdictions. Since we last published this directory, the general attitude toward cell companies seems to have shifted up a gear. Whereas single-parent companies have long ruled the captive roost, a slight uptick in the formation of pure captives at the beginning of this year can’t hide the fact that growth in this market is still sluggish.

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CID

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Marsh Management Services (Dublin)

Country:
IRELAND
Contact:
Ian Clancy
Telephone:
+353 1 6053000
Fax:
+353 1 6053010
Email:
ian.clancy@marsh.com
URL:
www.marsh.com more//

PointRight Inc.

Country:
USA
Contact:
Mary Chmielowiec
Telephone:
+1.781.457.5956
Fax:
+1.781.674.2254
Email:
mary.chmielowiec@pointright.com
URL:
www.pointright.com more//

JLT Insurance Management (Guernsey)

Country:
UNITED KINGDOM
Contact:
Nick Wild
Telephone:
+44 (0)1481 737123
Email:
Nick_Wild@jltgroup.com
URL:
www.jltcaptives.com more//