A.M. Best has affirmed the financial strength rating of “A” (Excellent) and the long-term issuer credit rating of “a” (Excellent) of Stellar Insurance (Bermuda), a single-parent captive of Saudi Arabian Oil Company

Captive insurance and reinsurance management companies are specifically excluded from new guidance by the Central Bank of Ireland on the use of service companies for staffing purposes in the insurance sector

International specialist legacy group Compre has appointed Brid Reynolds as group chief risk officer, effective immediately

Global Captive Management has named both Mark Aylward and Andrew MacKay as assistant vice president

Washington voters have voted in a ballot measure to repeal a 2 per cent premium tax on captive insurers in the state, which was passed under Senate Bill 5315

Captive Resources has appointed Wyatt Steele as vice president, captive executive

Speciality insurance brokerage and risk management firm Risk Strategies has acquired Better Business Planning to expand its national employee benefits practice

Sedgwick has appointed Charles Brooks and Christine LaSala as independent members of the firm’s board of directors

A bill has been introduced to the legislative assembly of Alberta that would allow for the formation of captive insurance companies in the province

A.M. Best has affirmed the financial strength rating of A (Excellent) and the long-term issuer credit rating of “a” (Excellent) of Rembrandt Insurance Company, the Bermuda-based captive reinsurer of Vitol Holding

Capterra Risk Solutions has appointed Judy Beeler as captive account manager responsible for working with clients, actuaries, accountants, attorneys and other services providers in all captive management services

Cyber is ranked as the number one risk globally according to Aon’s 2021 global risk management survey, as the COVID-19 pandemic has highlighted the increasing importance of being able to manage long-tail risks