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United Towing & Transport joins eMaxx’s captive programme
18 December 2020
Massachusetts

United Towing & Transport, a premier multi-state AAA preferred service provider, has joined eMaxx Assurance Group of Companies’ group captive programme for AAA roadside assistance providers

Itochu Corporation’s captives affirmed
18 December 2020
Bermuda

A.M. Best has affirmed the financial strength rating of A- (Excellent) and the long-term issuer credit rating of “a-” of NEWGT Reinsurance Company, based in Bermuda

BPS promotes David Ward as firms youngest partner
17 December 2020
South Carolina

Bauknight Pietras & Stormer has appointed David Ward to its leadership team as a partner, effective 1 January 2021

EIOPA: Solvency II needs a number of adjustments
17 December 2020
Belgium

EIOPA’s opinion on the Solvency II 2020 Review to the EC suggested that although no fundamental changes are needed, a number of adjustments are required to ensure that the regulatory framework continues as a well-functioning risk-based regime

Willis Towers Watson predicts £30bn of pension buy-in and buyouts in 2021
17 December 2020
UK

The bulk annuity market has shown great resilience throughout this year’s turmoil with over £30 billion of buy-ins and buyouts completed, according to Willis Towers Watson

Specialty Builders Insurance Company ratings affirmed
17 December 2020
Georgia

A.M. Best has assigned a financial strength rating of A (Excellent) and a long-term issuer credit rating of “a” to Specialty Builders Insurance Company, based in Atlanta, Georgia

BMA staff appointed to IAIS committee
17 December 2020
Bermuda

The International Association of Insurance Supervisors has appointed Ricardo Garcia and Marcelo Ramella of the Bermuda Monetary Authority staff to its committee

Benoît Ribadeau-Dumas to succeed Denis Kessler as CEO of SCOR
17 December 2020
France

The SCOR board of directors has chosen Benoît Ribadeau-Dumas to succeed Denis Kessler, the current CEO and chairman, as the next CEO

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