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NAIC elects 2018 officers
06 December 2017
Washington DC

Appointments include Julie Mix McPeak, Eric Cioppa, Raymond Farmer and Gordon Ito

JPMorgan Chase captive ratings affirmed
21 November 2017
Oldwick

Park Assurance Company, the single-parent captive of JPMorgan, has had its financial strength rating of “A (Excellent)” and long-term issuer credit rating of “a” affirmed by A.M. Best

CIC and Ryan lose battle against IRS
03 November 2017
Tennessee

Captive manager CIC Services and Texas-based tax firm Ryan have lost their battle with the Internal Revenue Service (IRS) after a Tennessee judge dismissed their case

Connecticut to establish new captive to compensate for pyrrhotite damage
26 October 2017
Connecticut

The Connecticut Senate has passed a new bipartisan state budget, which includes the establishment of a new captive insurance company to cover homeowners whose concrete foundations have deteriorated due to the presence of pyrrhotite

Aggregated losses from catastrophes to reach $100bn, says WTW report
20 October 2017
London

The ILS market is ready to deal with the increasing rate of natural disasters, despite the fact that aggregate losses from catastrophes in Q3 2017 are likely to reach $100 billion, according to a market update from WTW Securities

KBRA hires new rating director
09 October 2017
New York

Kroll Bond Rating Agency has appointed Donna Halverstadt as managing director of its insurance ratings group

Capstone hires David Osbourn
06 October 2017
Houston

Capstone Associated Services has hired David Osbourn as director of business development, for the Northeast and mid-Atlantic regions of the US

Dow Chemical captive rated ‘excellent’
04 October 2017
Oldwick

A.M. Best has affirmed the financial strength rating and long-term issuer credit rating of Dorinco Reinsurance Company at “A (Excellent)” and “a”, respectively, and their outlook remains stable

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