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A.M. Best upgrades BNY offspring
29 October 2012
Bermuda

A.M. Best has upgraded the issuer credit rating to “a+” from “a” and affirmed the financial strength rating of "A (Excellent)" of BNY Trade Insurance in Bermuda...

Mary Richards promoted and two more join JLT Towner US
25 October 2012
Vermont

Guy Ragosta, CEO of JLT Towner US, announced today the promotion of a key executive and the addition of two professionals to the company’s captive management staff...

Performa reduces long equity exposure
24 October 2012
Bermuda

A note from Performa stated that it is in the process of implementing a tactical portfolio re-allocation on behalf of its clients, to reduce their long equity exposure ahead of a volatile Q4 2012...

Dominic Casserley will succeed Joe Plumeri at Willis
24 October 2012
New York

In a surprise move, Dominic Casserley has been appointed as Joe Plumeri’s successor as CEO of Willis. Casserley will serve as the group CEO starting 7 January 2013. ...

Insurance Navy offers captive alternative
22 October 2012
Chicago

Independent insurance agency Insurance Navy has cited a survey finding growth in the number of independent agencies as evidence of the downturn of the captive model...

FATCA prompts Americans to consider relinquishing citizenship
22 October 2012
New York

American citizens who live outside the United States are increasingly considering renouncing their US citizenship as Washington prepares to roll out FATCA, said the chief executive of a financial advisory firm...

Insurance linked securities on the map in Guernsey
18 October 2012
Guernsey

Aon Insurance Managers in Guernsey announced that a managed vehicle Solidum Re Eiger IC Limited has listed bonds with value at risk of $52,500,000 on the Channel Islands Stock Exchange (CISX)...

Solvency II gets delayed again
17 October 2012
Brussels

The European Parliament has rescheduled the plenary vote of the Solvency II directive from 20 November 2012 to 11 March 2013...

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