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UK regulators approve Lloyd’s new PCC
14 January 2021
UK

Lloyd’s of London has received regulatory approval from the UK’s Prudential Regulation Authority and the Financial Conduct Authority to set up a new multi insurance special purpose vehicle

Chubb promotes Michael Kessler and Jeremiah Konz
13 January 2021
Switzerland

Chubb has appointed Michael Kessler as division president of the company's global cyber risk insurance business and Jeremiah Konz as chief reinsurance officer

AXA XL appoints Pamela Rosado as general counsel
13 January 2021
New York

AXA XL has hired Pamela Rosado as general counsel, effective 8 February

MetLife completes UK longevity reinsurance transactions with Legal & General
13 January 2021
New York

Metropolitan Tower Life Insurance Company, a subsidiary of MetLife, completes four UK longevity reinsurance transactions with Legal & General Assurance Society

Robus hires Justin Upson to lead PCC
13 January 2021
Guernsey

Robus has appointed Justin Upson as a director in the Guernsey office to lead the firm’s protected cell company

ConocoPhillips’ captive ratings affirmed
13 January 2021
Vermont

A.M. Best has affirmed the financial strength rating of A (Excellent) and the long-term issuer credit rating of “a+” of Sooner Insurance Company, based in Vermont

Willis Towers Watson adds Shanghai to P&C hub
13 January 2021
China

Willis Towers Watson has added Shanghai to its global property and casualty hub, which aims to enhance the company’s global placement model for clients

CICA, VCIA and CIC-DC respond to proposed TRIP rule changes for captives
12 January 2021
Minnesota

CICA, VCIA and the CIC-DC have all submitted a response to a request for public comment regarding the participation of captive insurers in the TRIP established under the TRIA

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