Mark Elliott, CEO of Humbolt Re, has been elected as the new chairperson of Guernsey International Insurance Association, succeeding Mike John

Zurich North America Group has hired Sonia Kundi who will join the risk management team as Canada chief risk officer

Captive insurance will play an even more important role with the potential new developments from President Biden’s new administration as the US Government rolls out potential new legislation and focuses in the space, according to Mikhail Raybshteyn

A.M. Best has assigned a financial strength rating of A- (Excellent) and a long-term issuer credit rating of “a-” to Shanghai Electric Insurance Limited, based in Hong Kong. The outlook assigned to these credit ratings is stable

Having a captive adds strength and stability to the operations of the parent company, especially when faced with some of the challenges we are right now, according to Christine Brown from the VDFR on a panel at the World Captive Forum

Pool Re, Britain’s leading terrorism reinsurer, has completed a three-year £2.47 billion retrocession programme with 56 international reinsurers

A.M. Best has assigned a financial strength rating of A- (Excellent) and long-term issuer credit rating of “a-” to Wakefield Insurance Company, based in Nashville, Tennessee

The Captive Insurance Companies Association has named the three finalist teams in its essay contest for college risk management and insurance students, which is sponsored by Strategic Risk Solutions

Commissioner Mais says the growth is due to the captive division’s outreach initiative to expand Connecticut’s presence and reputation as a domestic captive domicile

Aon has appointed Marcus Foley to the Bermuda operations of reinsurance solutions and named Tim Radford to its London Capital Advisory team within reinsurance solutions

Speaking on We Are Guernsey’s Captive Briefing Webinar, Mark Rogers notes that people have found that the capacity within the market has caused issues with them placing their insurance

The Bermuda Insurance Managers Association, a non-profit organisation which is led by Bermuda-resident insurance managers, has appointed Grainne Richmond as president