The state is now home to 639 licenced captives and has reported its sixth highest year of growth
The use of captives has grown as Airmic members increasingly seek alternative means of risk transfer, Airmic Insurance has found
AM Best has affirmed the financial strength rating of A (Excellent) and the long-term issuer credit rating of “a+” (Excellent) of Sooner Insurance Company
The captive is for US employers with sound risk management practices who want more control of their insurance costs, pricing stability, and coverage certainty
The addition aligns well with BMS’ ongoing expansion within the Australian market
Baron will focus on his next challenge as the new president of IFRIMA
Rafalko will be based at the Lexington office
AM Best has affirmed the financial strength rating of A- (Excellent) and the long-term issuer credit rating of “a-” (Excellent) of Federated Underwriting Company
