Captive News

Global captive market updates, regulatory news and industry insights

2017 Catastrophe Bond Issuance Reached $10.7 Billion

Aon's insurance-linked securities report shows that 35 catastrophe bonds were issued by 31 sponsors in 2017, with total global catastrophe bond issuance reaching a record $10.7 billion.

2018-02-05

Author：Editorial Team
Latin American Captive Insurance Market Keeps Growing

Despite political turmoil in many countries in the region, the Latin American captive insurance industry grew 2.5% in 2017, an acceleration compared with 2.2% growth in 2016.

2018-02-05

Author：Editorial Team
Cayman Islands Added 33 New Insurers in 2017

The number of insurance companies in the Cayman Islands continued to grow in 2017. By the end of 2017, a total of 826 insurers were registered with the local regulator, of which 104 were domestic insurers and 722 were international captive insurers. Among them, there were 696 Class B, C and D insurers, plus 26 insurance managers. Twenty-eight insurers mainly provided insurance products for the local market, operating 76 branches in total.

2018-02-05

Author：Editorial Team
BELFOR Announces Mr. Neville Miles to Take Over Asian Operations

BELFOR, the leader in the property restoration industry, has appointed Mr. Neville Miles as Managing Director for Asia, effective February 1, 2018. The previous leader, Mr. Brian Whitmore, will officially retire after 25 years with the company, but will continue to serve as Honorary Chairman for Asia.

2018-02-01

Author：Editorial Team
Amazon to Set Up New Health Insurance Company to Lower Employee Healthcare Costs

According to foreign media reports, investors were rattled today after Amazon, JPMorgan Chase and Berkshire Hathaway announced that they would join forces to launch a new health insurance company for their U.S. employees.

2018-02-01

Author：Editorial Team
Line Expected to Offer Cryptocurrency Trading and Insurance Services

According to Bloomberg, Line, Japan's largest messaging service, is expanding its financial services to include cryptocurrency trading, loans and insurance.

2018-01-31

Author：Editorial Team
Frequent Natural Disasters Drive Up Insurer Claims; U.S. Premiums Set to Rise

The Wall Street Journal reported that, as hurricanes, earthquakes and other natural disasters struck the United States frequently last year, the huge claims faced by insurers could hit a record high, and some companies therefore plan to raise premiums, which have been falling for a long time, to cover insurance losses.

2018-01-28

Author：Editorial Team
Price Discrimination by Your Insurer? Your Email Address May Just Be Too Old!

In the UK, if you still use an outdated Hotmail email account, you may not only lose the respect of younger people, but also have more of your money taken by insurers. According to foreign media reports, British insurer Admiral is under investigation by the UK Financial Conduct Authority (FCA) over a bizarre price discrimination policy. The matter began when Admiral was revealed to charge certain customers higher fees based on their email domains.

2018-01-24

Author：Editorial Team
AIG to Acquire Insurer Validus for $5.56 Billion

According to the US financial website MarketWatch, American International Group (NYSE: AIG) announced on Monday that it will acquire insurer Validus Holdings Ltd. (NYSE: VR) for $5.56 billion in an all-cash deal.

2018-01-23

Author：Editorial Team
US Amazon Seller Arrested for Massive Fraud Using 'Parcel Insurance Plan' (PIP)

On 11 January 2018, Scott C. Blader, United States Attorney for the Western District of Wisconsin, announced insurance fraud charges against 40-year-old Scott Reaston, an Australian citizen living in Madison, Wisconsin. The indictment charges Reaston with seven counts of mail fraud, one count of wire fraud and two counts of money laundering. Reaston was arrested that day by IRS criminal investigators.

2018-01-17

Author：Editorial Team

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