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Marsh expands presence to Nebraska and Iowa with INSPRO acquisition

Marsh & McLennan Agency has acquired INSPRO, a full service, independent agency, based in Nebraska

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A.M. Best affirms captives of Phillips 66

A.M. Best has affirmed the financial strength rating of A (Excellent) and the long-term issuer credit ratings of “a” of Spirit Insurance Company, based in Vermont, and Radius Insurance Company, based in the Cayman Islands

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National Cannabis Risk Management Association launches first of several new insurance products

The National Cannabis Risk Management Association (NCRMA) has launched the first of several insurance products designed to normalise insurance availability and coverage all along with the cannabis vertical

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ESG is rising up the agenda of European captive owners, says A.M. Best

There has been a rise in the number of captives owners that have integrated ESG factors in their operations, influencing areas such as corporate governance and investments

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Dimitris Papachristou appointed Gibraltar CEO at Qatar Re

Qatar Reinsurance Company, the global multi-line reinsurer and a subsidiary of QIC Global, has named Dimitris Papachristou as CEO of its Gibraltar companies

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CICA set to go ahead with in-person conference next year, but continues to evaluate situation

The CICA president explained that although plans are in place, CICA has postponed the registration process as it continues to evaluate the ability to safely host the annual conference in March

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Oklahoma insurance commissioner says IBT law will bring ‘tremendous opportunities’

Oklahoma insurance commissioner Glen Mulready has said the state’s insurance business transfer law will bring “tremendous opportunities” after approving its second IBT plan

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Cinven and BCI acquire Compre

Cinven, an international private equity firm, and British Columbia Investment Management Corporation have agreed to acquire legacy specialist Compre from existing shareholders CBPE Capital, Hudson Structured Capital Management and Compre’s management

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Paramount Insurance has ratings affirmed

A.M. Best has assigned a financial strength rating of A (Excellent) and a long-term issuer credit rating of “a” to Paramount Insurance, Inc. (Paramount), based in Honolulu, Hawaii

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Pamela Cote joins KeyState Captive Management

Cote joins with over 25 years of public accounting experience with a specific focus on the captive insurance companies

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IRS counsel faces tough questions from Supreme Court in CIC Services case

The Counsel of the Internal Revenue Service (IRS) faced tough questions at the oral arguments in front of the Supreme Court Justices in its case against CIC Services over Notice 2016-66.

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European risk managers’ made ‘important contributions’ to response and resilience during pandemic

Risk managers have made important contributions to the resilience of their organisations during the ongoing pandemic, according to a COVID-19 report by the Federation of European Risk Management Associations

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