AIG’s Ryan Gustafson talks about how brokers can help clients explore captive solutions as the costs of m...
Saudi Arabia: Oil giant's captive insurer's financial performance expected to remain strong
Saudi Arabian Oil Company's (SAOC) captive insurance company, Bermuda-based Stellar Insurance, is expected to show a strong performance in 2023 and prospectively...
Saudi Arabian Oil Company's (SAOC) captive insurance company, Bermuda-based Stellar Insurance, is expected to show a strong performance in 2023 and prospectively...
Article / 5 months ago
Upstream market braced for $250mn-$450mn ground-up loss from Pemex rig explosion
The upstream energy market is braced for a ground-up claim of between $250mn-$450mn following a fatal explosion at a Pemex oil rig on Friday in the...
The upstream energy market is braced for a ground-up claim of between $250mn-$450mn following a fatal explosion at a Pemex oil rig on Friday in the...
Article / 10 months ago
Saudi Arabia: Oil giant's captive unit posts strong underwriting gains
Bermuda-based Stellar Insurance, an indirect wholly-owned captive insurer of Saudi Arabian Oil Company (Aramco), has reported strong operating results over the past five years
Bermuda-based Stellar Insurance, an indirect wholly-owned captive insurer of Saudi Arabian Oil Company (Aramco), has reported strong operating results over the past five years
Article / 1 year ago
New captive may help Alberta’s energy industry spread risk - CUW
New captive insurance company in Alberta creates new coverage opportunities for the oil and gas sector, which is plagued by high costs
New captive insurance company in Alberta creates new coverage opportunities for the oil and gas sector, which is plagued by high costs
canadianunderwriter.ca /
Article / 2 years ago
How Alberta’s new captives act will benefit oil and gas companies - Canadian Underwriter
Alberta could become Canada’s answer to Barbados, with the passage of a new law allowing captive insurance companies in the province. Bill 76, which received royal assent...
Alberta could become Canada’s answer to Barbados, with the passage of a new law allowing captive insurance companies in the province. Bill 76, which received royal assent...
canadianunderwriter.ca /
Article / 2 years ago
A.M. Best affirms oil and gas captive ratings - CIT
A.M. Best has affirmed the financial strength rating of ‘A-’ (Excellent) and the long-term issuer credit rating of ‘a-’ (Excellent) for Jamestown Insurance Company, a single-parent...
A.M. Best has affirmed the financial strength rating of ‘A-’ (Excellent) and the long-term issuer credit rating of ‘a-’ (Excellent) for Jamestown Insurance Company, a single-parent...
captiveinsurancetimes.com /
Article / 2 years ago
Lloyd’s cools on energy pipeline captive entrant as ESG drive prioritised
A major energy pipeline company now looks unlikely to become the first captive to be set up...
A major energy pipeline company now looks unlikely to become the first captive to be set up...
Article / 3 years ago
Insurance costs too steep? Try writing your own - Reuters
Fed up with rising prices and more stringent terms and conditions for their insurance policies as a result of the coronavirus pandemic, companies are turning to in-house insurance firms...
Fed up with rising prices and more stringent terms and conditions for their insurance policies as a result of the coronavirus pandemic, companies are turning to in-house insurance firms...
uk.reuters.com /
Article / 4 years ago
‘Excellent’ ratings for Saudi Arabian Oil Company’s captive - CIT
A.M. Best has affirmed the financial strength rating of A and the long-term issuer credit rating of “a” of Stellar Insurance, a subsidiary of Saudi Arabian Oil Company, based in Bermuda...
A.M. Best has affirmed the financial strength rating of A and the long-term issuer credit rating of “a” of Stellar Insurance, a subsidiary of Saudi Arabian Oil Company, based in Bermuda...
captiveinsurancetimes.com /
Article / 4 years ago
‘Excellent’ credit ratings for NextEra Energy captive - CIT
A.M. Best has affirmed the financial strength rating of A and the long-term issuer credit rating of “a” of Palms Insurance Company, Limited, located in George Town, Cayman Islands...
A.M. Best has affirmed the financial strength rating of A and the long-term issuer credit rating of “a” of Palms Insurance Company, Limited, located in George Town, Cayman Islands...
captiveinsurancetimes.com /
Article / 4 years ago