Line of business: Captives Page 2 / 3
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- June 5 2023
Petronas’ captive could see further stress ahead, outlook negative: AM Best
Outlook for Energas Insurance, which had a COR of 106% for FY 2022, has been downgraded to negative by the rating agency.
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- May 26 2023
Labuan struggles to reignite interest as global insurance hub
Covid-19 may be over but global capital still isn’t returning to Malaysia’s offshore centre.
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- April 17 2023
HKFI seeks easier re-domiciliation and improved positioning to attract global majors
Policy recommendations have been submitted by the Hong Kong Federation of Insurers to the Financial Services and Treasury Bureau and the Insurance Authority.
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- February 24 2023
Shanghai Electric captive rebuilds traditional lines with subsidy resumption
The carrier's topline is back to 2020 levels with the restarting of specialty underwriting in March 2022, says AM Best.
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- January 27 2023
Axa XL appoints APAC & Europe head of captives and facultative underwriting
Marine Charbonnier was most recently the (re)insurer's global programmes & captives regional director for Europe.
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- December 21 2022
Marsh names Nisala Weerasooriya head of APAC captive solutions
He replaces Stuart Hebert, who assumes a new role as international captive consulting practice leader.
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- November 11 2022
Evergreen captive sees ‘favourable’ net claims: AM Best
AM Best expects that marine underwriting results will continue to be the main driver of its bottom-line.
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- June 2 2022
Asian captives lack strategic direction for dealing with cyber
Brokers and (re)insurers are advocating for a more structured approach to the captive model.
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- May 18 2022
Petronas’ captive rating boosted by favourable COR: AM Best
Energas Insurance has has a five-year average combined operating ratio of 66%.
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- January 13 2022
India pressed for pandemic risk pool
The regulator has been working on the project with a private and public partnership the most likely outcome.
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- December 3 2021
Labuan’s captive market shows strong growth
Buoyed by the hard market, Labuan recorded US$71m in premiums and approved 18 new captives by the end of Q3 2021.
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- October 28 2021
Parima 2021: Institutional capital an alternative to traditional capacity
Aon's new Asia CEO cites ability of pension funds and sovereign wealth funds to provide the market with different options.
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- September 20 2021
Cosco Shipping’s captive to see steady premium growth: AM Best
The captive benefits from low distribution costs for group-related business and a favourable reinsurance environment.
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- September 2 2021
China Railway’s captive saw US$89m GWP in 2020: Moody’s
The rating agency notes that the insurer's combined ratio rose to 91% in 2020 from 75% the previous year.
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- June 9 2021
Asia’s emerging risks drive interest in captives
Some in the region are looking for alternatives to traditional insurance.
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- May 6 2021
Labuan GWP hits US$1.6bn driven by captives and reinsurance
The Labuan FSA said premiums grew by 6.7% over the course of 2020.
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- April 30 2021
Asia’s captives gain allure as market hardens
Singapore well-placed to benefit as premiums forecast to grow and placement becomes more difficult.
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- February 25 2021
Hong Kong targets captives, specialty and ILS in budget
Finance chief Paul Chan has outlined tax breaks and plans to expand the captive market.
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- February 16 2021
Hong Kong captive market to step up in 2021
Market experts tell IAN that regulations are making it hard to attract businesses from beyond China.
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- October 28 2020
HK’s regulator prioritises captives, ILS and mainland integration
The HK Insurance Authority wants to be the "ideal global domicile for captives".
