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SIIA asks Treasury to look at Notice 2016-66
15 June 2017
Washington DC

The Self-Insurance Institute of America (SIIA) has asked the US Treasury to include Notice 2016-66 in the President Donald Trump-ordered review of US tax rules

BDA welcomes Greg Wojciechowski to its board of directors
15 June 2017
Hamilton

The Bermuda Business Development Agency (BDA) has appointed Greg Wojciechowski to its board of directors

Breakwater provides growth capital to Hamilton Captive Management
15 June 2017
California

Breakwater Investment Management, a private investment firm, has provided a senior secured term loan to support the continued growth of Hamilton Captive Management

Ratings of Duke Energy captive affirmed
15 June 2017
Oldwick

A.M. Best has affirmed the financial strength rating of “A (Excellent)” and the long-term issuer credit rating of “a” of Bison Insurance Company, the captive of Duke Energy Corporation

Honeywell captive withdraws from A.M. Best ratings
14 June 2017
Oldwick

Cedar Court Indemnity Company, the parent captive insurer of Honeywell International, has requested to be withdrawn from A.M. Best’s ratings process

JLT Capital Markets closes $65.1m cat bond
14 June 2017
New York

Jardine Lloyd Thompson (JLT) Capital Markets, an affiliate of JLT Re, has closed the private placement catastrophe bond, Market Re 2017-1, at $65.1 million

Airmic: Traditional insurance model not suitable for emerging risks
13 June 2017
Birmingham

Insurers and risk managers need to work together to develop a new business model based on partnership if they are to “retain value and relevance to businesses”, attendees heard at this year’s Airmic conference

Marian Fenton swaps AIG for Aon
13 June 2017
Dublin

Aon Global Risk Consulting has appointed Marian Fenton as director of insurance for its captive and insurance management team

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