A.M. Best has affirmed the financial strength rating of ‘A-’ (Excellent) and the long-term issuer credit rating of ‘a-’ (Excellent) of Federated Underwriting Company, the single-parent captive of global financial services firm State Street
The Office of Chief Counsel of the Internal Revenue Service has revealed its plans to hire as many as 200 new attorneys as part of the agency’s contest with “abusive arrangements"
Artex Risk Solutions has appointed Nicola Hallett as director and head of office for the firm’s captive and commercial offering in Bermuda
Robus Group has made several changes to its leadership team as the insurance management firm enters the next phase of its growth strategy following acquisition by the Ardonagh Group in late 2020
Forty-five new captive insurance companies were licensed in Vermont in 2021 — the same year the state celebrated its 40th year in the captive industry
Cyber, business interruption and natural disasters are this year’s top business risks globally, according to the Allianz Risk Barometer 2022 survey
Zurich North America has appointed Dawn Hiestand as head of captives, effective 1 February
Independent insurance company manager Strategic Risk Solutions has appointed Peter Child as CEO of SRS Europe, a promotion which has been effective since 1 January
The Federation of European Risk Management Associations has called for captives to be automatically classified as low-risk profile undertakings in the European Commission’s review of the Solvency II regime
Cutts-Watson Consulting has made new executive appointments, announcing Dominic Wheatley as managing director and Graham Powell as head of consulting respectively
The Massachusetts legislature has seen increased support for Senate Bill 548, ‘An act relative to crumbling concrete foundations’, following a hearing by the Joint Committee on Environment, Natural Resources and Agriculture last week
Cowbell Cyber Inc has formed a new captive, Cowbell Re, to provide additional capacity to help address the growing demand for cyber insurance in 2022