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CIC Services reports spike in tech companies supplementing commercial insurance with captive insurance
07 December 2020
Tennessee

CIC Services has seen an increasing number of technology companies replacing or supplementing commercial insurance with captive insurance, according to Randy Sadler, principal at CIC Services

Accredited Specialty Insurance Company ratings confirmed
07 December 2020
Arizona

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

GFSC introduces scheme for pre-authorisation for insurance cells
07 December 2020
Guernsey

The Guernsey Financial Services Commission (GFSC) has introduced a pilot scheme for pre-authorisation for insurance cells

A.M. Best affirms ratings of Brazillian reinsurer
07 December 2020
Brazil

A.M Best has affirmed the financial strength rating of B++ (Good) and the long-term issuer credit rating of “bbb” of BTG Pactual Resseguradora (BTG Re), which is based in Brazil

R&Q agrees $108m issuance of subordinated notes
04 December 2020
Bermuda

Randall & Quilter Investment Holdings (R&Q) has signed an agreement to issue 13-year unsecured subordinated Tier 2 notes for $107.75 million

Marsh expands presence to Nebraska and Iowa with INSPRO acquisition
04 December 2020
New York

Marsh & McLennan Agency has acquired INSPRO, a full service, independent agency, based in Nebraska

A.M. Best affirms captives of Phillips 66
04 December 2020
Texas

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

National Cannabis Risk Management Association launches first of several new insurance products
04 December 2020
US

The National Cannabis Risk Management Association (NCRMA) has launched the first of several insurance products designed to normalise insurance availability and coverage all along with the cannabis vertical

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