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AM Best assigns “Excellent” rating for new Italian Enel captive
02 January 2024
Italy Reporter Frances Jones

EE is a single-parent captive of Enel S.p.A. (Enel), an Italian multinational electric utility company

AM Best withdraws credit ratings of Relyens
20 December
France Reporter Jack McRae

AM Best has withdrawn the credit ratings of Relyens Mutual Insurance following the company’s request to no longer participate in the rating process

Fitch assigns 'BBB' rating to SK’s reinsurance captive
19 December 2023
Kazakhstan Reporter Frances Jones

Fitch Ratings has assigned Kazakhstan Energy Reinsurance Company an insurer financial strength (IFS) rating of 'BBB' and a national IFS rating of 'AAA'

AM Best affirms “Excellent” rating for Phillip 66’s captives
18 December 2023
UK Reporter Klea Neza

The ratings reflect Spirit and Radius’ balance sheet strength, which AM Best assesses as "very strong”

AXIS closes market’s first 144A cyber catastrophe bond
29 November 2023
UK Reporter Frances Jones

It provides several of the company’s subsidiaries with fully collateralised indemnity reinsurance protection for systemic cyber events on a per occurrence basis

AM Best affirms "Excellent" credit ratings for Eni’s captive
23 November 2023
Ireland Reporter Sophie Downes

AM Best has affirmed the financial strength rating of A (Excellent) and the long-term issuer credit rating of “a” (Excellent) of Ireland-based Eni Insurance Designated Activity Company (EID)

Consultation for UK captive regime set to launch in spring 2024
22 November 2023
UK Reporter Frances Jones

According to Treasury chancellor Jeremy Hunt’s Autumn statement

Marsh McLennan launches Gen AI tool
22 November 2023
UK Reporter Frances Jones

The tool, named LenAI, was developed by Marsh McLennan’s Dublin Innovation Centre

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