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Connecticut Passes New Captive Insurance Law Expanding Current Regulations
Mais in a statement said Gov. Ned Lamont signed Public Act No. 25-130 dubbed "An Act Concerning Captive Insurance." The act shows a commitment by the state to maintain a ...
Source: BestWire   Date: July 28, 2025
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Cayman Issues 16 New International Insurance Licenses in Second Quarter
Association of Cayman said in a statement. IMAC said regulators have approved another nine applications in principle and 14 are currently under review. This would bring the total ...
Source: BestWire   Date: July 22, 2025
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Aon Plans to Launch a UK-Domiciled Captive Manager Spurred by Regulatory Changes
Aon plc said it will launch a new captive management company domiciled in the United Kingdom in preparation for new regulations confirmed by regulators there that they will be ...
Source: BestWire   Date: July 15, 2025
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Vermont Regulators See No Slowdown in Captive Formations During First Half of 2025
The Vermont Department of Financial Regulation licensed 35 new captive insurers this year through June 30, a number comparable to both 2023 and 2024. Jim DeVoe-Talluto, assistant ...
Source: BestWire   Date: July 9, 2025
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Northern Mariana Islands Governor Approves Law Paving the Way for Captive Insurers
Palacios signed Senate Bill No. 24-09, dubbed the Captive Insurance Act of 2025, according to a notice he sent leaders in the Senate and House of Representatives on June12. It is ...
Source: BestWire   Date: June 30, 2025
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Allianz Warns Geopolitical Risks Threaten Maritime Gains
Following is an edited transcript of the interview. View the video version of this interview here. Q: Given as much as 90% of international trade is transported across oceans, ...
Source: BestWire   Date: June 18, 2025
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IRS Announces Penalties Against Microcaptive Insurance Executive
Alta Holdings LLC, U.S. Risk Associates Insurance Co. Ltd. and Newport Re Inc., for facilitating microcaptive insurance that violated tax laws. The IRS declined to specify the ...
Source: BestWire   Date: June 18, 2025
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Barbados Moving to Evolve Captive Insurance Regulations
Oliver Jordan, FSC board chairman, said in a statement. Jordan said Barbados is already known for the simplicity of its regulatory approach, legal and political stability and ...
Source: BestWire   Date: June 9, 2025
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Amynta EVP: Canadian Regulators Increase Scrutiny of MGUs
Markets Program Administrators in Dallas. Following is an edited transcript of the interview. View the video version of this interview here. Q: What are some of the biggest trends ...
Source: BestWire   Date: May 23, 2025
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MSIG USA Appoints CFO-Chief Administrative Officer
Insurance Group Holdings Inc., has appointed Kent Ziegler as chief financial officer and chief administrative officer. Ziegler will oversee all aspects of MSIG USA's finance and ...
Source: BestWire   Date: May 21, 2025
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Author: Sustainability To Drive Insurer Strategies, Profitability
https://bestsreview.ambest.com/edition/2025/may/index.html#page=60
Source: Best's Review   Date: May 1, 2025
MS&AD Units in Japan Receives New Regulatory Improvement Action
Two subsidiaries of MS&AD Insurance Group Holdings Inc. received new administrative actions from the country's financial regulator to address information leakage and other problems ...
Source: BestWire   Date: March 25, 2025
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MS&AD Touts Progress in Updated Reform Plan to Japan's Regulator
Two of MS&AD Insurance Inc.'s main subsidiaries released new progress reports on their business improvement plans to the country's Financial Services Agency in response to ...
Source: BestWire   Date: March 14, 2025
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Washington Bill Would Allow Greater Use of Captive Insurance by Utility Districts
Phil Scott's office (BestWire, Dec. 23, 2024). She will succeed Commissioner Kevin Gaffney, who is retiring at the end of this year, the governor's office said. Bigglestone served ...
Source: BestWire   Date: February 21, 2025
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AM Best: Sustained Growth Potential for DUAE Market Segment
View the video version of this interview here. Q: The report highlights that 70% of insurers surveyed expect DUAE source premiums to grow. What key factors are driving this ...
Source: BestWire   Date: February 21, 2025
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Manulife Asia Announces Senior Leadership Changes
Japan and Singapore, and finance. Kah Siang Khoo, chief executive officer of Singapore, will be appointed as CEO of emerging markets, overseeing Cambodia, Indonesia, Malaysia, ...
Source: BestWire   Date: February 11, 2025
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Connecticut Insurance Commissioner: State's Captive Sector Grew 17% in 2024
Insurance Commissioner Andrew N. Mais. This marked the fifth consecutive year of captive growth in the state, Mais said, noting the state's growing popularity as a captive domicile ...
Source: BestWire   Date: February 6, 2025
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Uncovered: How Crises, Coverage Gaps Shaped the US Insurance Landscape
https://bestsreview.ambest.com/edition/2025/february/index.html#page=65
Source: Best's Review   Date: February 1, 2025
Oceanview Re Names Former Securian Canada, Oliver Wyman, Sun Life Exec as Chief Actuary
Oceanview Reinsurance Ltd., a subsidiary of Oceanview Holdings Ltd., appointed Muhamed Majeed as chief actuary, effective immediately. Majeed will oversee Oceanview Reinsurance's ...
Source: BestWire   Date: January 28, 2025
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Taiping Re Issues $35 Million Catastrophe Bond for US Storms, China Earthquakes
Hong Kong, the reinsurer said in a statement. Issued through special-purpose insurer Silk Road Re, Taiping Re said the three-year bond uses both parametric and industry loss index ...
Source: BestWire   Date: January 3, 2025
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