Captive News

Global captive market updates, regulatory news and industry insights

European Insurance Giant Generali to Divest EUR 2 Billion of Coal Assets

Italian insurer Generali announced that it will divest EUR 2 billion worth of coal investments by 2020, while increasing green investments by EUR 3.5 billion.

2018-03-02

Author：Editorial Team
UAE Listed Insurers' Total Revenue Reached AED 22 Billion in 2017

Credit rating agency Standard & Poor's noted that, driven by the implementation of mandatory health insurance and motor insurance, total revenue of listed insurers in the UAE grew 16% in 2017 to AED 22 billion (about $6 billion).

2018-02-26

Author：Editorial Team
Phoenix Group Reportedly in Talks to Acquire Standard Life's Insurance Business

According to people familiar with the matter, Phoenix Group is in advanced-stage negotiations to acquire the insurance business of Standard Life Aberdeen plc, seeking to drive growth through acquisitions.

2018-02-23

Author：Editorial Team
UK Media: China and India Seen as Top Post-Brexit Markets for British Insurers

The Association of British Insurers (ABI) said the UK insurance industry sees China and India as its top non-EU markets after Brexit and hopes bilateral trade agreements will ensure the two countries relax restrictions on foreign ownership. The ABI said it will provide a "template" to the UK Treasury and the Department for International Trade for dealing with financial services that may be included in trade agreements.

2018-02-22

Author：Editorial Team
Major Captive Domiciles Worldwide Saw Moderate Growth in 2017

In a soft commercial market environment, the number of captives established in the world's major captive domiciles still maintained a moderate growth level. In Vermont, the largest U.S. captive domicile, the number of registered captives reached 566 in 2017, with 24 newly approved captives during the year, down from 37 in 2015 and 26 in 2016 respectively.

2018-02-15

Author：Editorial Team
U.S. Property Insurance Underwriting Losses Rose to $29 Billion in 2017

A.M. Best's market report published an article titled "U.S. Property/Casualty Insurance Industry 2018 Review and Outlook," projecting that, affected by catastrophes, the U.S. property insurance industry would post an underwriting loss for the second consecutive year, with the U.S. combined ratio rising from 100.9% in the prior year to 105.1% in 2017.

2018-02-14

Author：Editorial Team
Bermuda's Total Number of Captive Insurers Declined in 2018

Bermuda, the world's largest captive domicile, registered 17 new insurers in 2017, up from 13 in 2016, but the total number of captive insurers fell from 776 in 2016 to 739.

2018-02-14

Author：Editorial Team
SoftBank May Invest $10 Billion for a Stake in Swiss Re

According to The Wall Street Journal, Japan's SoftBank is in "advanced talks" with Swiss Re, the world's second-largest reinsurance giant, seeking to buy up to one-third of the latter's shares at a premium in a deal worth at least $10 billion, demonstrating SoftBank's strong ambition to expand into financial services.

2018-02-13

Author：Editorial Team
'Costliest Ever' Insurance Claims Approach $12 Billion

The New York Daily News website reported on January 31 that, following the largest wildfires in California's modern history in 2017, insurance claims have reached as high as $11.8 billion (about RMB 74.15 billion), making them the "costliest" wildfires in the state's history.

2018-02-06

Author：Editorial Team
Major European Captive Manager Artex Opens Representative Office in Singapore

Optimistic about the prospects of Asia's captive and risk management markets, major European captive management firm Artex set up an office in Singapore in January 2018 and appointed Vic Pannuzzo as head of the office.

2018-02-05

Author：Editorial Team

FirstPrev...23456789101112...NextLast