Global specialty reinsurer Canopius Group has completed a loss portfolio transfer agreement with RiverStone International covering discontinued classes of business underwritten by Canopius’ syndicates

Farah Jaafar has left as CEO of Labuan IBFC Inc after serving in the role for four years

DARAG Group has entered into a stock purchase agreement and received the relevant regulatory approval for the purchase of a Texas-based insurer in run-off

The Captive Insurance Companies Association has appointed Prabal Lakhanpal to the board of directors, effective March 2022

Aon has appointed Richard Pennay as head of Aon Securities’ insurance-linked securities team, based in New York

Willis Towers Watson’s alternative risk transfer division has designed and placed the world’s first parametric insurance transaction to support the Government of Belize’s debt restructuring for marine conservation

Risk Strategies has appointed Steve Bryant as managing director, higher education risk management leader

Innovation within the insurance industry to address evolving climate risks could see business opportunities for captive insurance, according to a new A.M. Best special report

Insurance fronting company Concert Group Holdings has formed Concert Specialty Insurance Company, an excess and surplus lines carrier domiciled in Montana

BevCap Management has appointed Joshua Lees as director of consulting

Commercial insurtech provider Coalition is set to launch a new captive to take risk on its cyber insurance programmes

Celia Clark, the lawyer that helped to form the micro captive insurance company in the landmark Avrahami case, has filed a lawsuit against the Internal Revenue Service seeking refund for the partial payment of penalties