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George Sumner resigns from the DCCA
28 August 2013
Honolulu

George Sumner has confirmed that he has resigned from his position as captive insurance administrator and deputy commissioner at the Department of Commerce & Consumer Affairs...

Caribbean countries renew catastrophe policies
28 August 2013
Grand Cayman

The sixteen member governments of the Caribbean Catastrophe risk Insurance Facility have renewed their hurricane and earthquake insurance for the 2013/14 policy year...

NAIC supports TRIA reauthorisation
27 August 2013
Indianapolis

The NAIC has passed a resolution supporting the reauthorisation of TRIA that is set to expire in December 2014...

Alabama-based RRG bows out of the ratings process
27 August 2013
Oldwick

A.M. Best has affirmed the financial strength rating of “A- (Excellent)” and the issuer credit rating of “a-” of Attorneys Insurance Mutual of the South RRG (AIM). The outlook for both ratings is negative...

New registrations keep coming for Bermuda
23 August 2013
Hamilton

The Bermuda Monetary Authority (BMA) has registered 47 new insurers for the period ending July 2013, an 81 percent increase year-on-year...

Florida captive receives $2 million in surplus cash
23 August 2013
Jacksonville

Sunshine State Insurance Holdings Corporation has contributed $2 million cash to its captive insurance company’s surplus...

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Underwriting gains offset by unrealised losses, says Fitch
22 August 2013
London

Reinsurers’ underwriting gains in the first half of 2013 have been offset by increased unrealised investment losses, according to a new report by Fitch Ratings...

Curtis takes over from Tozer at Munich Re
22 August 2012
Toronto

Simon Curtis has been appointed chief financial officer (CFO) of Munich Re’s North American life business, effective 3 September...

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