Utah has introduced a bill which will amend the insurance code, including “significant” changes for captive insurance to ensure the state remains competitive

The European Commission has approved Cinven Capital Management and Raffles Private Holdings acquisition of Miller Insurance Services

Artex Risk Solutions has promoted Ryan Santacrose as assistant vice president, business development

BlueStone Advisors, an independent insurance brokerage firm, has appointed Michael Hansen as vice president in the employee benefits division

The Delaware State Senate has passed Senate Bill 36, which is an act to amend title 18 of the Delaware Code relating to captive insurance companies

A.M. Best has upgraded the long-term issuer credit rating to “a+” from “a” and affirmed the financial strength rating of A (Excellent) of PMG Assurance, which is based in Bermuda. The outlook of these credit ratings is stable

Compre, the international specialist legacy group, has entered into a strategic partnership with Apollo Syndicate Management to launch a new Lloyd’s legacy Syndicate 1994

While EIOPA’s advice, if implemented, would have the disadvantage of adding to complexity in the regime, A.M. Best’s says the proposals make a start in moving Solvency II “somewhat closer to providing an economic picture of insurers”

Corant Global has appointed Steven Beard as executive director, effective immediately

Scott Strenger will be responsible for recruiting large commercial insurance clients to the firm’s property and casualty division

The new bill, House Bill 50, will require the Utah risk manager to coordinate and cooperate with any covered entity having responsibility for risk control and safety of school districts and charter schools

The Guernsey Financial Services Commission has revealed it licensed three new captives, four new captive cells, and two special purpose vehicles in 2020, while 18 captives or cells surrendered their licenses