CIMA reveals that Cayman Islands licensed nine captives in Q3

[ad_1] Nine new captive insurance companies were licensed in the Cayman Islands during Q3, according to the Cayman Islands Monetary Authority (CIMA). CIMA outlined that there were a total of…

AM Best affirms “Excellent” credit ratings for SGS’ captive

[ad_1] AM Best has affirmed the financial strength rating of A (Excellent) and the long-term issuer credit rating of “a” (Excellent) of Transmonde Services (Bermuda). Transmonde is a single-parent captive…

Q3 stats show continued strength in Cayman insurance industry

[ad_1] Cayman Q3 statistics have ‘shown continued international interest in the captive insurance industry, which has maintained its strong position,’ according to The Insurance Managers Association of Cayman (IMAC). The…

AM Best Affirms Credit Ratings of Ørsted’s captive

[ad_1] AM Best has affirmed the financial strength rating of A- (Excellent) and the long-term issuer credit rating of “a-” (Excellent) of Ørsted Insurance A/S (ORIAS). ORIAS is the captive…

Artex appoints Joni Steffen as client services director of its Cayman operations

[ad_1] Alternative risk and insurance manager Artex Risk Solutions (Artex) has appointed Joni Steffen as client services director of its Cayman office. Based in the Cayman Islands, Steffen will be…

Q2 stats show interest in Cayman insurance industry remains “very strong”

[ad_1] The Cayman Islands Monetary Authority (CIMA) has released licensing statistics for Q2 of 2023 which “demonstrate the continued strength of the jurisdiction’s insurance industry.” Between April and June 2023,…

Vermont top captive insurance domicile worldwide

[ad_1] Vermont top captive insurance domicile worldwide | Insurance Business America Insurance News Vermont top captive insurance domicile worldwide It surpasses Bermuda, Cayman Islands as top captive insurer domicile globally…

South Africa’s Prudential Authority fines energy captive

[ad_1] South Africa’s Prudential Authority (PA) has fined energy captive Escap SOC R5 million (£217,762, US $272,489) for breaching Section 167(1) of the Financial Sector Regulation Act 9 of 2017…