Captive News

Global captive market updates, regulatory news and industry insights

North Carolina Rooted in as a Leading Captive Insurance Domicile

Since the North Carolina Captive Insurance Act was enacted in October 2013, the North Carolina Department of Insurance (NCDOI) has licensed 248 captive insurers and approved 437 cells and series.

2018-04-13

Author：Editorial Team
Lia Auto Group getting into the insurance business

Lia Auto Group has started an insurance brokerage company to serve its customers at 22 locations in New York, Massachusetts and Connecticut.

2018-03-21

Author：Editorial Team
Swiss Re accelerates layout insurance technology field

Recently, Swiss Re and the global Technology innovation eco-platform from Silicon Valley Plug and Play (PNP) signed a cooperation agreement in Beijing to reach a global partnership. In the future, Swiss Re and PNP will jointly explore and screen the potential of China and the world of science and technology innovation companies, and use their own platform and experience, incubation change insurance industry innovation technology, and the needs of insurance companies "link" to promote industrial technology upgrading.

2018-03-17

Author：Editorial Team
U.S. Insurer Cigna to Acquire Express Scripts for About $54 Billion

U.S. health insurer Cigna (CI.N) said on Thursday that it would acquire pharmacy benefit manager Express Scripts Holding (ESRX.O) for about $54 billion, the latest insurance industry deal aimed at curbing soaring healthcare costs.

2018-03-10

Author：Editorial Team
With the 'Three Mas' Behind It, Is ZhongAn an Insurer or an Internet Company?

ZhongAn Insurance, which will begin trading on the Hong Kong Stock Exchange on September 28, is less than four years old and can only be considered a young player in the insurance industry. Yet its shareholders are highly prestigious: Ant Financial, Tencent and Ping An Insurance each held more than 10% before the completion of its global offering. ZhongAn has also been enthusiastically embraced by investors, receiving heavy oversubscription during the IPO public offering stage.

2018-03-06

Author：Editorial Team
CITIC Group and China Taiping Insurance Invest in Frontier Services Group

Frontier Services Group, a leading provider of integrated security, logistics and insurance services, announced today a capital plan to raise a total of HK$832 million ($107 million); shareholder CITIC Group increased its stake from 15.84% to 28.4%; new shareholder China Taiping Insurance took a 7.48% stake; the funds will be used to set up global offices, expand the team, enlarge the asset base and provide working capital for service projects along the Belt and Road, operating in 20 countries worldwide.

2018-03-06

Author：Editorial Team
France's AXA to Acquire U.S. Insurer XL Group for $15.3 Billion, Eyeing P&C Growth

In the early hours of March 6, Beijing time, U.S. financial website MarketWatch reported that French insurer AXA SA said on Monday that it would acquire U.S.-listed insurer XL Group Ltd. (NYSE:XL) for $15.3 billion, aiming to strengthen its business in the property and casualty insurance sector.

2018-03-06

Author：Editorial Team
AXA Reportedly in Advanced Talks to Acquire Insurer XL Group

According to people familiar with the matter, AXA Group is in advanced negotiations to acquire XL Group Ltd., a property and casualty insurer with a market capitalization of $11 billion.

2018-03-05

Author：Editorial Team
Costa Rica Insurance Market Income Grew 15% in 2017

Costa Rican newspaper El Financiero reported on February 17 that, driven by medical, property and life insurance lines, Costa Rica's insurance market premium income grew 15% year on year in 2017. Per capita premiums rose from 124,000 colones in 2016 to 151,000 colones, up 13% year on year. Premium income as a share of GDP increased from 2.1% to 2.26%. As more insurers entered the market, the market share of the National Insurance Institute (INS) kept falling, from 77.7% in 2016 to 75% in 2017.

2018-03-04

Author：Editorial Team
Global Insurance M&A Heated Up in 2017

Despite various negative factors in international markets in 2017, the tide of insurance industry M&A remained unstoppable. Willis Towers Watson data shows that total insurance industry M&A value in 2017 was $57 billion, up 16% from $49 billion in 2016.

2018-03-04

Author：Editorial Team

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