AM Best has affirmed the financial strength rating of ‘A’ (Excellent) and the long-term issuer credit rating of ‘a+’ (Excellent) of Solen Versicherungen (SVAG) and Noble Assurance Company, captives owned by Shell.
The company also launched Pinpoint UK, a London-based underwriting platform, with Darren Powell taking on the role of chief underwriting officer.
The move aims to complement NSM's robust portfolio of specialty insurance programmes and brands for commercial P&C and consumer insurance.
The agency cites the robust profit margins along with higher attachment points and tighter terms and conditions that followed a period of drastic repricing.
Guy Carpenter has launched the Capital & Advisory group as part of its Global Capital Solutions and has appointed Alexander Schnieders as global head of the new division.
The partnership will introduce a ‘Ready for Guidewire’ accelerator, facilitating rapid and repeatable integration between WTW’s Radar analytics software and Guidewire PolicyCenter.
In the event, held at KPMG headquarters in Boston, guests were provided with an overview of captive insurance, collaboration examples, as well as insights on tax and accounting.
AM Best has affirmed the financial strength rating of "A+" (Superior) and the long-term issuer credit rating of “aa-” (Superior) of Berkley Life and Health Insurance, a medical group captive.
