Captive News

Global captive market updates, regulatory news and industry insights

Japan Introduces New Trade Insurance to Boost Infrastructure Exports

Nippon Export and Investment Insurance (NEXI), an insurer wholly funded by the Japanese government, will introduce a new type of trade insurance. When emerging countries invite Japanese companies to bid for infrastructure construction projects, loans borrowed from Japanese banks and other institutions to pay the first insurance premium will also become eligible for coverage.

2017-07-19

Author：Editorial Team
Axis to Acquire UK Lloyd's Insurer Novae for US$605 Million in Cash

Novae Group (NVA.L), a Lloyd's of London insurer, said it has agreed to be acquired by Axis Capital (AXS.N), a Bermuda-based specialty insurance and reinsurance company, for 467.6 million pounds (US$605.07 million) in cash. Novae's share price surged more than 20% on the news.

2017-07-17

Author：Editorial Team
瑞士再保险公司报告揭示20种新兴风险

最新的瑞士再保险公司SONAR报告指出了影响保险业的20种新兴风险和6大新兴趋势点。新兴风险被定义为新形成或演化而来的，难以量化，并可能对社会和产业产生重大影响的风险。

2017-07-10

Author：Editorial Team
Malta and Luxembourg Captives Apply EU Solvency II Rules with Flexibility

Eighteen months after the implementation of EU Solvency II, Malta and Luxembourg treat captive insurers differently from commercial insurers in policy enforcement.

2017-07-05

Author：Editorial Team
France's MGEN Mutual Insurance: Achieving Sustainable Health Protection Through Innovative Cost Control

On June 28-29, the 2017 China Health Insurance Industry Innovation International Summit was successfully held in Shanghai. MGEN, a leader of French mutual insurance and France's largest health mutual insurer, appeared at the summit to share its sustainable operating model and successful experience with the Chinese insurance industry.

2017-07-01

Author：Editorial Team
Foreign Media: Fosun Loses Greek Insurer Stake Bid to US-Dutch Consortium

According to a June 27 report by Kathimerini, the board of the National Bank of Greece (NBG) has approved the sale of a majority stake in Ethniki, the group's wholly-owned insurance subsidiary, to the US-Dutch consortium Calamos-Exin. NBG is selling the insurance unit as part of an EU-approved restructuring plan to exit non-banking businesses and focus on core banking operations.

2017-06-29

Author：Editorial Team
As Cyber Attacks Rage, Cyber Insurance Sign-ups in Japan More Than Triple

According to a June 27 report by China News Service citing Japan's Kyodo News, insurance that compensates for losses caused by cyber attacks has recently gained popularity in Japan. The three major property insurers signed more than one thousand policies in total in fiscal 2016, more than triple the previous year. As global losses from cyber attacks keep mounting, small and medium-sized enterprises are also becoming more vigilant, and the market is expected to expand further.

2017-06-28

Author：Editorial Team
U.S. Health Systems' Push into the Insurance Market Hits a Waterloo

A new report by the Robert Wood Johnson Foundation found that in 2015, of the 42 insurance plans backed by health care providers, only 4 were profitable; some of the rest suffered severe losses, and 5 even went bankrupt.

2017-06-26

Author：Editorial Team
India's Insurance Industry Gets Smarter with Chat and Email Bots

Several Indian insurers have, over the past few months, begun adopting AI-powered chat and email bot technology to deliver better operational management services to customers.

2017-06-24

Author：Editorial Team
Sweden's BIMA Bets on Microinsurance as an Industry Breakthrough

Like microloans and microcredit, microinsurance refers to products serving people in developing countries who live on less than US$4 a day. But innovation is making microinsurance more viable and predictably profitable—which will transform the insurance market on a much larger scale~

2017-06-14

Author：Editorial Team

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