Captives
Europe View from the Top: Risk management in a recession
The global recession has forced companies to rethink their business models, strategies and operations, says Ferma president Jorge Luzzi.
Q&A with Fiona Le Poidevin, Guernsey Finance
After taking over from Peter Niven in July, Fiona Le Poidevin is just three months into her role as chief executive of Guernsey Finance, the promotional agency for the island of Guernsey. She spoke to Francesca Nyman about raising Guernsey's profile, the…
Randall & Quilter buys captive insurer Rab
Randall & Quilter Investment Holdings has completed the acquisition of the entire issued share capital of Guernsey domiciled captive insurer Rab Insurance from the owner Drakelow Development Holdings.
Firms in emerging markets eye captives to manage risk
Organisations in central and eastern Europe and additional emerging markets are keen to take advantage of risk management and risk financing solutions such as captive insurance companies, according to Aon Global Risk Consulting.
Willis opens new office in Malta
Global broker Willis Group has opened a new office in Malta to serve its growing captive and commercial insurance clients in the region.
R&Q reports 56% rise in profit
Randall & Quilter has reported a 56% increase in profit before tax to £4.6m in the first half of 2012 compared with the same period last year(H1 2011: £3.0m).
Guernsey domiciled entities continue to grow
The number of international insurance entities licensed in Guernsey grew by 52 during the first five months of 2012.
Guernsey issues 63 insurance licenses in 2012
Guernsey issued 63 new licenses to international insurance entities in the first five months of this year.
MDS offers self insurance facilities with launch of PCC
European insurance and reinsurance broking and risk consulting provider, MDS Group has launched of High Dome PCC, a protected cell company (PCC) to provide alternative risk financing services including self insurance facilities, access to reinsurance…
Kane opens for business in Malta
International insurance managemanr firm Kane has moved its operations to new premises in Zebbug, Malta.
Post Broking Supplement: Biba 2012 conference timetable
The event programme for the Insurance Brokers' Association Conference - Shaping our futures - on Wednesday 16 and Thursday 17 May 2012.
R&Q could eye a partner for Brit run-off
Run-off specialist Randal & Quilter has indicated it could be interested in taking over the Brit business put into run off after QBE takes over renewals in the UK, but said it expected to focus on a stream of profitable smaller run-off deals.
Onshore captives on the rise, says Marsh
Organisations are increasingly forming captives onshore in the European Union or United States, while the use of alternative captive structures is growing, especially among smaller organisations, according to Marsh.
Charles Taylor exits non-life run-off
Charles Taylor Consulting is to quit the non-life run-off business after making a loss and claiming the sector is too competitive.
Guernsey leads non-UK entities listed on LSE
Guernsey is home to more non-UK entities listed on the London Stock Exchange than any other jurisdiction globally, according to figures from the market authority.
Solvency II capital proposals bad for captives, says Fitch
The latest QIS5 Solvency II regulatory capital proposals could significantly increase the capital and compliance burden of the European captive market, according to a report by ratings agency Fitch.
Guernsey still top European domicile with 50% captive rise
The number of insurance licenses issued in Guernsey last year rose more than 50% compared to the previous 12 months.
Kane restructures as HSBC deal completes
Captive insurance manager Kane has completed a management restructure coinciding with the completion of the first phase of its integration of HSBC Insurance Management.
Kane reshuffles after HSBC buy
Independent captive insurer manager Kane has taken more cash from its private equity backer to open new offices and has promoted former Aon Global Insurance Management head Clive James to chief operating officer.
Island targets top spot as captive insurance domicile
Efforts to promote the Isle of Man as the captive insurance domicile of choice have been stepped up a notch following the island’s captive association attendance at the FERMA Conference.
Japanese, Swiss and Bermudian regimes largely equivalent to Solvency II, says Eiopa
The supervisory systems operating in Switzerland, Bermuda and Japan are largely equivalent to Solvency II, but not for all classes, according to the European Insurance and Occupational Pensions Authority.
Ferma 2011: Risk consultancy Herco aims to open in Spain by Q2 2012
MDS owned risk consultancy Herco is expanding into Spain in 2012.
AM Best withdraws ratings of Connaught
AM Best Europe has affirmed the financial strength rating of B+ (Good) and the issuer credit rating of “bbb-” of Connaught Insurance Company Limited (Connaught) (Guernsey), the captive insurance company of Thomas Greg & Sons Limited, a security printing…
Marsh appoints Watterson to board for Isle of Man
Broker Marsh has appointed Manx businessman and wildlife expert Ken Watterson as a non-executive director on its board of directors on the Isle of Man.