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AM Best reports surge in European captives
11 December 2024
UK

European captive domiciles are experiencing a surge in new company formations, according to AM Best's latest analysis

Oklahoma to reduce workers' compensation loss costs for 2025
11 December 2024
US

The Oklahoma Insurance Department has approved a 9.2 percent decrease in workers' compensation insurance loss costs for 2025, which means lower premiums for many Oklahoma businesses

Alliant acquires Union First, expanding benefits solutions
10 December 2024
US

Union First will join Alliant’s Employee Benefits Group in the West Region, bringing experiences in benefits consulting, trust administration, and tailored solutions for first responders and public safety professionals

SRS expands Luxembourg’s captive team
10 December 2024
Luxembourg

Strategic Risk Solutions (SRS) is expanding its Luxembourg office, with the appointment of Alain Sougnez as client services leader and licensed manager reinsurance captives

AM Best affirms credit ratings of Orion Reinsurance
10 December 2024
Bermuda

AM Best affirms the financial strength rating of ‘B+’ (Good) and the long-term issuer credit rating of ‘bbb-’ (Good) of Orion Reinsurance, class 3 captive insurer based in Bermuda

Healy to lead Aon’s global captive team for Commercial Risk Solutions
10 December 2024
Ireland

Ciarán Healy will focus on accelerating the broker’s core capabilities for clients, including captive management, captive advisory, captive reinsurance, insurance-linked securities, and PCCs

Tennessee reports captive growth in 2024
09 December 2024
US

Tennessee now hosts 176 captives and 591 cells, including 52 captives licensed in 2024, according to the Tennessee Department of Commerce and Insurance

Gallagher signs major deal to acquire AssuredPartners
09 December 2024
US

Insurance broker Arthur J. Gallagher has signed a definitive agreement to acquire AssuredPartners with a valuation of US$13.45 billion

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