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China's first captive gets thumbs up
30 July 2014
Hong Kong

Moody's Investors Service has assigned a first-time A1 insurance financial strength (IFS) rating to CNPC Captive Insurance Company (CNPC Captive Insurance). The rating outlook is stable...

Merger breeding success for JLT
29 July 2014
London

JLT Towers Re’s organic revenue growth was 6 percent in H1 2014, while the enlarged business delivered an unchanged trading profit margin of 30 percent, according to interim results from the JLT Group...

Strong ratings for Allianz subsidiaries
29 July 2014
London

A.M. Best has upgraded Allianz Risk Transfer (ART) AG’s financial strength rating to A+ (Superior) and affirmed the strong ratings of AGCS SE and AGCS, also at A+ (Superior)...

BTPS selects Heritage
28 July 2014
Guernsey

Heritage Insurance Management (Heritage), recently acquired by Artex Risk Solutions, has been selected by BT Pension Scheme (BTPS) to provide insurance management services for the administration of BTPS’s newly established insurance company...

Le Poidevin to leave Guernsey Finance
28 July 2014
Guernsey

Fiona Le Poidevin has resigned as chief executive of Guernsey Finance...

PCIC downgraded
28 July 2014
Oldwick, New Jersey

A.M. Best has downgraded the financial strength rating to B (Fair) from B+ (Good) and the issuer credit rating to "bb" from "bbb-" for Preferred Contractors Insurance Company Risk Retention Group (PCIC)...

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Insured losses from natural disasters down in 2014
25 July 2014
Chicago

Economic losses from global natural disasters during the six-month period ending 30 June 2014 totalled $54 billion, down from $95 billion in 2013, according to data from Aon Benfield...

MedStar Health captive forced to settle
24 July 2014
Washington DC

The US District Court of Appeals has ruled that Greenspring Financial Insurance, the captive insurer of MedStar Health, is liable for defending and settling a lawsuit filed against a staffing agency nurse at the Washington DC Hospital Center...

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