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A.M. Best post-Brexit Amsterdam office registered by ESMA
04 December 2018
London

A.M. Best has been registered as a credit rating agency by the ESMA to provide ratings through its new Amsterdam-based subsidiary as part of its Brexit contingency plan

A.M. Best upgrades BTG Re’s ratings
03 December 2018
New Jersey

A.M. Best has upgraded the financial strength rating from B+ (Good) to B++ (Good) and the long-term issuer credit rating from “bbb-” to “bbb” of BTG Pactual Resseguradora (BTG Re)

Berkley Accident and Health names new president and CEO
03 December 2018
Connecticut

Berkley Accident and Health has appointed Brad Nieland as president and CEO, with Chris Brown moving into the role of president

Illinois votes to override governor’s veto of landmark captive reform
30 November 2018
Illinois

The Illinois legislature has voted to override governor Bruce Rauner’s amendatory veto of SB 1737, which proposes a reform of the state’s captive insurance regulatory framework and a substantial drop in self-procurement tax

BEF: Bermuda unlikely to provide cannabis solution without full US legalisation
29 November 2018
Bermuda

Bermuda is extremely unlikely to be able to provide a captive insurance solution for the US cannabis industry unless the federal prohibition is lifted, according to Mike Parrish from Marsh

Increase in European risk managers using captives for ‘difficult risks’
29 November 2018
Brussels

The number of European risk managers using captives as part of their strategy for risks that are difficult to insure has risen by 4 percent, according to a FERMA survey

Labuan aims to be Asian fintech domicile of choice
29 November 2018
Kuala Lumpur

Labuan IBFC is “officially embracing” fintech and aims to be the Asian domicile of choice for the industry, according to CEO Farah Jaafar-Crossby

BEF: Culture change the main challenge for insurtech
29 November 2018
London

Changing company culture is one of the main challenges facing the implementation of insurtech, according to Liam Gray, head of research and partner management, Startupbootcamp InsurTech

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