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AIG strengthens Omani presence
16 February 2015
Muscat, Oman

AIG has opened four new branches in Oman, which will be located in Nizwa, Ibri, Salalah and Sur...

Heddington withdrawn from A.M Best ratings
06 February 2015
Oldwick, New Jersey

Heddington Insurance has requested to no longer participate in A.M. Best’s interactive rating process, despite the agency affirming its financial strength rating of “A” (Excellent) and the issuer credit rating of “a+”...

Productive 2014 for South Carolina
05 February 2015
South Carolina

South Carolina licensed 20 new captives in 2014, bringing the domicile’s total number to 158...

TxCIA to expand SB 734 provisions
05 February 2015
Texas

The Texas Captive Insurance Association (TxCIA) is to expand the provisions of SB 734 that passed in 2013 authorising captive insurance in Texas for the first time...

Demotech retained by ARTSSI
04 February 2015
Columbus, Ohio

Demotech has been retained by Alternative Risk Transfer Statistical Solutions (ARTSSI), a statistical reporting entity to address the needs of captive insurance providers and alternative risk transfer entities, including risk retention groups...

Record 2014 for cat bonds, says GC Securities
04 February 2015
New York

GC Securities has released a briefing and analysis of the record catastrophe bond activity for 2014 and expectations for the market in 2015...

Long-term insurer registrations increase for Bermuda
03 February 2015
Hamilton, Bermuda

The Bermuda Monetary Authority (BMA) registered 89 new insurance entities in 2014, made up of 65 new insurers and 24 new intermediaries...

Spencer Capital to acquire USA Risk
02 February 2015
New York

Spencer Capital Holdings, a global investment firm, has agreed to acquire USA Risk Group. Financial terms of the transaction were not disclosed...

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