Citadel Risk CEO: Captive Manager Adds Diversity to Portfolio

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Tony Weller, CEO, Citadel Risk, says his company's 51% purchase of a captive manager has given the Bermuda reinsurer a positive burst of business diversity that is helping to soften the hit from a softening London market.

 

Extremis' Fuller: Four Jurisdictions May Gain Disaster Risk Financing

Bryan Fuller, managing director, Extremis Global Risk Consulting, said his firm is working with four jurisdictions on a program that would provide financing in the event of major catastrophes.

 

HSBC Economist: Fed to Raise Policy Rate in September, Twice More in 2017

Ryan Wang, US economist, HSBC Securities, says contracting business investment and disappointing global economic growth may spur the Fed to raise its policy interest rate once this year by 25 basis points and twice more in 2017.
 

Vermont's Towle on Captive Domiciles: We're Not All the Same

Dan Towle, director of financial services, Vermont, recommends that potential captive sponsors interview domiciles to determine a best fit. Vermont licensed seven new captives so far in 2016.
 

Captives Key to Programs Aimed at Closing Protection Gap

Organizers of insurance programs aimed at covering less-developed portions of Africa, Central America and the Caribbean say forming insurance captives is a key element of their operations.
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