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NAIC meets with the President
22 April 2014
Washington DC

Members of the National Association of Insurance Commissioners (NAIC) have met with President Barack Obama, Vice-President Joe Biden and senior members of the administration to discuss 2015 enrolment issues under the Affordable Care Act (ACA)...

Vermont passes new captive law
22 April 2014
Vermont

The state of Vermont has passed a new bill in its captive insurance law, which has been signed in by governor Peter Shumlin...

Mutuals face pricing pressure head on
17 April 2014
London

Mutual insurers must differentiate themselves to remain competitive in the face of increasing pricing pressure, according to David Thomas, CEO of market services and solutions at Willis...

2013 big for global reinsurer capital, Aon reveals
16 April 2014
London

Aon Benfield, the global reinsurance intermediary and capital advisor of Aon has estimated that global reinsurer capital totalled $540 billion at 31 December 2013, an increase of 7 percent ($35 billion) over the year...

Etiqa gets the thumbs up from RAM
16 April 2014
Kuala Lumpur

RAM Ratings has reaffirmed the AAA/stable/P1 claims-paying ability ratings of Etiqa Insurance Berhad (EIB)...

ACE is high, says A.M. Best
15 April 2014
North America

A.M. Best has upgraded the financial strength and issuer credit ratings of core property/casualty subsidiaries of ACE...

New York begins TRIA reauthorisation
15 April 2014
New York

US Senator Charles Schumer has reached a crucial bipartisan agreement on legislation that will reauthorise and extend the Terrorism Risk Insurance Act (TRIA) program, which is set to expire at the end of 2014...

Intel uses captive to fund employee benefits
14 April 2014
Boston

Intel Corp has received approval by the US Department of Labor (DOL) of their application to fund their employee benefits in their captive. Spring Consulting Group has submitted the application to the DOL on behalf of Intel...

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