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Brady Young, Wes Duesenberg and Christopher Collins launch fronting company

Concert Group Holdings, a newly formed business dedicated to insurance fronting, has secured an agreement to raise additional capital from its founders in partnership with Century Equity Partners and WT Holdings

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AMICE board elects Galit Saar as new member

The Association of Mutual Insurers and Insurance Cooperatives in Europe has elected Galit Saar to the AMICE board by AMICE’s annual general meeting of members

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Nick Napolitano joins AssuredPartners as captive practice leader

AssuredPartners has hired and appointed Nick Napolitano as captive practice leader

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DARAG makes several senior appointments

DARAG Group has made several senior appointments with Alastair Lauder as group chief actuary, Ciaran Russell as senior actuary, Vivek Bhandari as head of data, Matt Watson as group head of IT and Alastair Whitfield as group head of investments

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BNY Mellon bank ‘excellent’ captives ratings

A.M. Best has affirmed the financial strength ratings of A and the long-term issuer credit ratings of “a+” of BNY Trade Insurance, based in Bermuda and The Hamilton Insurance Corporation, which is based in New York

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AGCS hires Scott Sayce as global head of cyber

Allianz Global Corporate & Specialty has hired Scott Sayce as global head of cyber, effective 1 September 2021

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A.M. Best affirms W. R. Berkley Corporation ratings

A.M. Best has affirmed the long-term issuer credit rating of “a-” of W. R. Berkley Corporation, based in Connecticut as well as all associated long-term issue credit ratings and indicative long-term IRs for securities issued by W. R. Berkley

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Pfizer’s captive ratings affirmed as ‘excellent’

A.M. Best has affirmed the financial strength rating of A and the long-term issuer credit rating of “a+” of Blue Whale Re, based in Vermont

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European Council appoints Petra Hielkema chair of EIOPA

Petra Hielkema has been appointed by the European Council as chairperson of the European Insurance and Occupational Pensions Authority

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Australian business sets up new Labuan captive

RISCS has established a new cell captive in Labuan for an Australian-based client

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Ken Lorber joins McGill and Partners

Based in San Francisco, Ken Lorber will play a lead role in building out the business in the US, structuring bespoke insurance and reinsurance solutions for McGill and Partners’ clients.

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The Actuarial Advantage and Financial Risk Analysts merge

Kyle Mrotek, consulting actuary, TAA, says: “The merger brings together two actuarial firms with similar values and cultures and is a positive development for both employees and clients”

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