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Ascot onboards Benz as Head of US Alternative Risk Solutions
05 December 2024
Reporter Diana Bui

He joins Ascot from AXA, where he helped build out its group captive practice while leading its North American alternative risk structures

AM Best assigns ‘Excellent’ ratings to National Grid’s captive
04 December 2024
Reporter Diana Bui

AM Best has assigned a financial strength rating of ‘A-’ (Excellent) and a long-term issuer credit rating of ‘a-’ (Excellent) to National Grid Insurance USA

Meta captive seeks DoL approval for ERISA exemption
28 November 2024
Reporter Diana Bui

The exemption would allow Meta’s health and welfare benefit plan to establish an insurance contract with Prudential Life Insurance Company of America

AM Best downgrades outlook of Lincoln Benefit to ‘negative’
27 November 2024
Reporter Diana Bui

The downgrade reflects the continued capital support required for Lincoln Benefit’s captive reinsurer, Lancaster Re Captive Insurance Company, and the expected impact on its capital flexibility

Alliant launches government contractors segment
26 November 2024
Reporter Diana Bui

The firm has hired Bryan Salek and Angela Kirby as senior vice presidents to lead the new team

Hurley appointed as new examiner in charge for Vermont DFR
22 November 2024
Reporter Diana Bui

Previously, Nina Hurley worked as a senior account executive at AIG, based in Burlington, Vermont

NFP expands employee benefits footprint in upstate New York
21 November 2024
Reporter Diana Bui

NFP, an Aon company, has acquired certain assets of AnchorGroup, expanding its employee benefits footprint in upstate New York

Marsh McLennan closes US$7.75bn deal on McGriff acquisition
19 November 2024
Reporter Diana Bui

Founded in 1886, McGriff provides commercial P&C insurance, surety, employee benefits, and personal lines insurance solutions to businesses and individuals across the US

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