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Reserve Mechanical Decision concludes in favour of IRS

The US Court of Appeals for the Tenth Circuit has affirmed the Reserve Mechanical decision in all respects, rejecting the petitioner’s appeal

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Liberty Mutual Re hires Alice Sharman

Sharman has been appointed to senior underwriter at Liberty Mutual Re’s London office, where she will be responsible for underwriting the firm’s US Casualty Treaty portfolio

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Aon appoints Tarryn Pongrácz as corporate insurance and captive consultant

Aon has appointed Tarryn Pongrácz as corporate insurance and captive consultant

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AXA S.A. obtains its reinsurance license from ACPR

AXA S.A., the holding company of AXA Group, has obtained its reinsurance license from the French Prudential Supervision and Resolution Authority

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TDCI promotes Michael Schulz to director of business development

The Tennessee Department of Commerce & Insurance has promoted Michael Schulz to the role of director of business development for the TDCI’s insurance division

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Mike Johns assumes head of office at WTW Guernsey operation

WTW has appointed Mike Johns as head of office for its Guernsey operation, Willis Towers Watson Management (Guernsey) Limited, effective 1 May

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Cayman Court upholds segregated portfolio principle

The decision of the Grand Court of the Cayman Islands to uphold the segregation of captive insurance portfolios in the context of an official liquidation is a “welcome reiteration of the segregation principle”, according to law firm Campbells

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Eva Conley rejoins SCDOI as captive financial analyst

The South Carolina Department of Insurance has appointed Eva Conley as captive supervising financial analyst

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Captive Resources adds Molly Hentges as business development executive

Captive Resources has appointed Molly Hentges as assistant vice president and business development executive for medical stop-loss group captives

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A.M. Best: D&O segment faces challenges despite positive results

The year 2021 marked the best year for directors’ and officers’ insurers’ premium, volume and direct profitability since 2014, according to a new A.M. Best market segment report

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BMA names Ricardo Garcia as managing director

The Bermuda Monetary Authority has appointed Ricardo Garcia as managing director, where he will be responsible for the authority’s supervision of insurance, banking, trust, corporate services, and investment regulated entities

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Aon adds to captive employee benefits team

Aon has appointed Alina Shats as global benefits senior consultant in its captive employee benefit services segment

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