The Dubai Financial Services Authority’s board has approved the revised solvency regime for captive insurers after positive feedback from the industry, effective 1 April 2021

A.M. Best has assigned the financial strength rating of A- and the long-term issuer credit rating of “a-” to Fidvest US LLC, based in Charleston, South Carolina

BC Partners, an international investment firm, has agreed to acquire a majority stake in Davies, which is expected to close in Q2 2021

New Dawn Risk Group, the international specialist insurance intermediary, has appointed Manuel Sicard to lead the company’s expansion into Latin America

Miller has appointed Charlie Simpson to head up its new Bermuda platform

Micro captives have taken another knock back in the latest US tax court ruling involving Caylor Land & Development and the Internal Revenue Service

Pool Re has appointed Claudio Gienal, CEO of AXA UK, and Alan Rubenstein, chairman of NHBC, as new board members

The Washington State Senate has passed a captive bill that would see eligible captive insurers pay a 2 per cent premium tax for insurance directly procured by and provided to its parent or affiliate for Washington risks during the preceding calendar

Africa Specialty Risks, the Pan-African focused reinsurance group, has hired Peter Way as a pricing actuary, marking the firm’s first actuary hire

Davies has acquired The Littleton Group, a Texas-based provider of insurance claim services

DARAG Group has signed a retrospective quota share reinsurance agreement with Protector Forsikring, a multinational general insurance company listed on the Oslo Stock Exchange

CRC Group, a nationwide wholesale distributor of specialty insurance products, has partnered with 5Star Specialty Programs, a CRC Group company, and Pan-American Benefit Solutions, a division of Pan-American Life Insurance Group