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Somers Risk Consulting appoints senior captive consulting manager
09 November 2021
South Carolina

Somers Risk Consulting has appointed Eva Conley as senior manager of captive consulting services

Acrisure Re makes two senior hires
08 November 2021
UK

Acrisure Re, the reinsurance division of global insurance broker and fintech platform Acrisure, has appointed Ian Wicks as executive vice president and Simon Arnott as senior vice president, effective immediately

Compre completes loss portfolio transfer with SiriusPoint
08 November 2021
Bermuda

Compre has completed its acquisition of a US$417 million legacy liability portfolio from global reinsurer SiriusPoint

A.M. Best affirms ratings of Saudi Arabian Oil Company captive
05 November 2021
Bermuda

A.M. Best has affirmed the financial strength rating of “A” (Excellent) and the long-term issuer credit rating of “a” (Excellent) of Stellar Insurance (Bermuda), a single-parent captive of Saudi Arabian Oil Company

Irish captives exempt from proposed service provider guidance
03 November 2021
Ireland

Captive insurance and reinsurance management companies are specifically excluded from new guidance by the Central Bank of Ireland on the use of service companies for staffing purposes in the insurance sector

Compre adds group chief risk officer to Bermuda office
03 November 2021
Bermuda

International specialist legacy group Compre has appointed Brid Reynolds as group chief risk officer, effective immediately

Global Captive Management names assistant vice presidents
03 November 2021
Cayman Islands

Global Captive Management has named both Mark Aylward and Andrew MacKay as assistant vice president

Washington holds advisory vote on captive premium tax
02 November 2021
Washington

Washington voters have voted in a ballot measure to repeal a 2 per cent premium tax on captive insurers in the state, which was passed under Senate Bill 5315

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