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9th of September 2010

Blogs: The Collateral Problem

Gary Osborne

Collateral is the number one impediment to captive formation today, says Gary Osborne

Gary Osborne
19/08/2010 more//

Malta insurer claims solution to collateral-locked capital

Malta insurer claims solution to collateral-locked capital

A Malta-based insurance company has claimed it can free up capital which remains ‘locked up’ in captive insurers’ collateral arrangements.
 
Grafton (Europe) Insurance Company (Grafton Europe) was established in Malta in December 2009 to service the whole insurance market, following research conducted by Marsh last year.
23/08/2010 more//

Randall & Quilter goes Nordic

Randall & Quilter goes Nordic

Randall and Quilter (R&Q) has launched a captive management venture in Denmark and Sweden, in what it hopes will be the first step in a larger expansion into the management sector. Nordic Insurance Management is a joint-venture between R&Q, the majority shareholder, and two individuals: Magnus Lindgren from Sweden and Danish actuary Nikolaj Boysen.

“The Nordic region made sense in terms of talent available and business contacts; we just needed to add our critical mass,” said Ken Randall, chairman and CEO at R&Q.

20/08/2010 more//

Aon Benfield Fac to roll out additional sidecars

Aon Benfield Fac to roll out additional sidecars

Aon Benfield Fac, the facultative division of Aon Benfield, is to roll out additional vehicles under its Fac Pool Re sidecar programme.
 
“With the sidecars that we’re building we’re looking to something have almost like aggregate restitution, so clients can access specific additional capacity as a top-up,” said Oliver Schofield, chief strategy officer at Aon Benfield Fac.
12/08/2010 more//

David Sykes to join Strategic Risk Solutions

David Sykes to join Strategic Risk Solutions

Captive management and consultancy firm Strategic Risk Solutions (SRS) announced yesterday (11 August) that David Sykes is joining the company from IAS Marsh, where he was senior vice president.
 
"We are excited that David has decided to join SRS. He has tremendous experience in the Bermuda market and will be a valuable asset to our Bermuda team and the firm", said Brady Young, president of SRS.
12/08/2010 more//

Vermont issues 900th license

Vermont issues 900th license

The State of Vermont has issued its 900th captive insurance company license to Lincoln Financial Group, according to the Vermont Department of Banking, Insurance, Securities and Health Care Administration (BISHCA).
 
Lincoln Financial, based in Randor, Pennsylvania, is the 22nd new captive insurance company licensed this year in Vermont, during what has been a very active year for new formations in the State. 
11/08/2010 more//

India and China hold captive potential

India and China hold captive potential

India and China hold future potential for captive insurance business, according to promotional body Guernsey Finance.
 
Guernsey delegations will visit India and China in the autumn to enhance financial services links between the jurisdictions, focusing primarily on fund-management and wealth-management business.
11/08/2010 more//

Willis appoints employee benefits expert

Willis appoints employee benefits expert

Willis has indicated its interest in taking a thought leadership role in the area of employee benefit captive arrangements with the creation of a new consultancy position.
 
Kathleen Waslov has been appointed senior vice president and senior resource consultant at Willis to advise clients on captives and/or other funding alternatives for employee benefit programmes.
11/08/2010 more//

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//

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

CID gives 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 (Denmark)

Country:
DENMARK
Contact:
Lars Andersen
Telephone:
(454) 595 9595
Fax:
(454) 595 9500
Email:
Lars.Andersen@marsh.com
URL:
http://www.marsh.com more//

Marsh Management Services (Malta)

Country:
MALTA
Contact:
Angela Wright
Telephone:
356 2342 3000
Fax:
356 2342 3333
Email:
angela.wright@marsh.com
URL:
http://www.marsh.com more//

Marsh Management Services (Nevada)

Country:
USA
Contact:
Julie Boucher
Telephone:
+802 864 5912
Fax:
+802 859 3550
Email:
julie.s.boucher@marsh.com
URL:
http://www.maesh.com more//