Latin American reinsurers’ ratings are expected to remain “unchanged” despite experiencing catastrophic losses of approximately US$18.6 billion in 2020, according to Fitch Ratings

A.M. Best has affirmed the financial strength rating of A- (Excellent) and the long-term issuer credit rating of “a-” (Excellent) for Inpex Insurance Ltd (Bermuda)

One Concern, an alternative risk firm specialising in climate resilience and hazard science, has appointed Sean Rider as chief revenue officer

The Oklahoma Department of Insurance has completed its second insurance business transfer plan in the US

Synechron has expanded its insurance services following the certification of more than 100 individuals, based in the US and India and over a six month period, in the Retirement Plan Fundamentals educational programme

The Magnolia Agency has launched as an independent insurance agency providing commercial and personal lines of coverage through member-owned group captives

Willis Towers Watson has named Carl Hess as president and CEO, with the latter coming into effect upon the retirement of John Haley on 1 January 2022

NFP has appointed Jonathan Abbott as senior vice president for property and casualty actuarial services

Washington’s Office of the Insurance Commissioner has proposed draft regulations for the implementation of its new captive insurance law

Atlas Insurance Management has appointed David Dougherty as captive producer

Bermuda International Long Term Insurers and Reinsurers has become a supporter of the Principles for Sustainable Insurance

Roundstone has reported a cash distribution of almost $10 million to business owners currently participating in its group medical captive