The acquisition comes as Risk Strategies look to strengthen their offering and respond to the growing demand for firms that offer a ‘true specialty focus’

Rhodes will primarily focus on growth in his new role, where he brings more than 20 years of experience in the insurance industry

Neil Coley leaves Global Captive Management after 9 years to explore new opportunities

The acquisition comes as the company looks to deepen its offerings in the Pacific Northwest

The company has opened a second office in Charlotte, as it looks to adopt a larger national client base

AM Best has affirmed the financial strength rating (FSR) of A- (Excellent) and the long-term issuer credit rating (Long Term ICR) of “a-” (Excellent) of Ocean International Reinsurance Company

He will be succeeded in the role by Alistair Wood, current director of Hampden Agencies and head of research, subject to regulatory approval

Mosaic Insurance has partnered with Safe Security to launch a platform that will help underwriters evaluate cyber risk for brokers and insureds

The Council of the EU has adopted the proposed European Union Corporate Sustainability Reporting Directive

Arch Insurance North America has appointed Brian First as president

Warburg Pincus has acquired K2 Insurance Services from Lee Equity partners

AM Best has affirmed the financial strength rating of A- (Excellent) and the long-term issuer credit rating of “a-” (Excellent) of Nova Casiopea Re S.A