Captive News

Global captive market updates, regulatory news and industry insights

EU Tax Haven Blacklist Sparks Controversy: Why Was Macau Also 'Blacklisted'?

After nearly a year of preparation, the EU recently published its first blacklist of "tax havens", with 17 countries and territories listed: American Samoa, Bahrain, Barbados, Grenada, Guam, South Korea, Macau (China), the Marshall Islands, Mongolia, Namibia, Palau, Panama, Saint Lucia, Samoa, Trinidad and Tobago, Tunisia and the United Arab Emirates.

2017-12-10

Author：Editorial Team
科技助力互联网保险综合成本率、赔付率双降

12月7日，保险科技上市公司众安在线联合奥纬咨询发布保险科技行业发展趋势洞察报告，这份名为《科技彰显价值，保险未来已来》的报告指出，保险科技的兴起改变传统保险行业的认知，逐渐颠覆较为保守的保险行业。

2017-12-10

Author：Editorial Team
CVS, America's Second-Largest Drugstore Chain, to Acquire Insurance Giant Aetna for $69 Billion

CVS Health, the second-largest drugstore chain operator in the United States, recently announced that it has agreed to acquire US health insurer Aetna (AET) for $69 billion in a cash-and-stock transaction.

2017-12-10

Author：Editorial Team
Global Insurance Industry Is 'Pulling Away' from Coal Assets

According to the latest report from the environmental coalition Unfriend Coal, the global insurance industry has withdrawn about 15 billion pounds of assets from the coal sector over the past two years. In Europe, 15 companies have fully or partially cut their investment in the coal sector.

2017-12-04

Author：Editorial Team
Japanese Cities Buy Insurance for Dementia Sufferers - 2,000 Yen a Year

Japan is a country of longevity, but as the elderly population grows, so does the number of elderly people with dementia. Elderly people with dementia often wander off alone, and many have accidents outside, placing a heavy financial burden on their families.

2017-11-30

Author：Editorial Team
China CEFC Acquires Control of Insurance Arm of Portugal's Montepio Group

On 27 November, the signing ceremony for China CEFC's acquisition of a controlling stake in the insurance company of Portugal's Montepio Geral Associação Mutualista was held at China CEFC's headquarters in Shanghai. China CEFC's board chairman Ye Jianming and Montepio's board chairman António Tomás Correia attended the ceremony, and China CEFC vice president Wu Hongbing and Montepio director Pedro Jorge Gouveia Alves signed on behalf of the two parties respectively.

2017-11-29

Author：Editorial Team
Chinese Insurance Company Incorporated in Guernsey

Brilliant Reinsurance (Guernsey) Limited is the first Chinese-owned insurance company established in Guernsey.

2017-11-28

Author：Editorial Team
Sompo Holdings Sets Up Fintech Centre in Israel

Sompo Holdings, one of Japan's three largest property and casualty insurers, has set up a fintech centre in Israel, hoping to draw on local expertise in digital and cybersecurity technologies and to look for opportunities to cooperate with, or invest in, Israeli startups in fields such as agriculture and life sciences.

2017-11-27

Author：Editorial Team
Lloyd's of London Chairman John Nelson: Weathering the Insurance Market's 'Perfect Storm'

John Nelson, chairman of Lloyd's of London, believes the global insurance market is facing a "perfect storm". In his view, unusually low interest rates and excess capital in the insurance industry are driving down both insurers' investment returns and premiums. Nelson also noted that rapid technological development is intensifying market competition by changing the relationship between insurers and their customers.

2017-11-23

Author：Editorial Team
Brexit and the Fortunes of the City of London: Taking the Pulse of London's Financial Industry

The financial services industry accounts for about 12% of UK economic output and pays more tax than any other sector. If, after Brexit, the UK can no longer enjoy unrestricted access to the EU market of 440 million people, the country's financial industry could suffer heavy losses.

2017-11-23

Author：Editorial Team

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