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Gibraltar to allow EEA insurers to continue after Brexit

The Government of Gibraltar has introduced legislation that will allow EEA insurers, including captives, to continue providing policies, after the UK transition period ends with the EU

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PwC reviews Aon’s PathWise platform for IFRS 17 reporting

PwC review did not reveal any material deviations between PwC Actuarial Services' IFRS 17 calculation tool and Aon’s PathWise’s IFRS 17 results

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WCF confirms it will move to a virtual format for 2021

The 2021 World Captive Forum has confirmed the event will be held virtually from 24 to 25 February

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A.M. Best upgrades ratings of Class B Notes on Nevada-based SPI

A.M. Best has upgraded the long-term issue credit rating to “bbb” from “bbb-” on the $4.7 million Class B 10 percent fixed rate asset-backed notes, series 2008-3 issued by 321 Henderson Receivables V

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Petra Diamonds reports increase in security deposits for cell captive

Petra Diamonds, a diamond mining group, has revealed that out of its cash and diamond debtors for the year ending 30 June 2020, $13.3 million was held by Petra’s reinsurers as security deposits on the group’s cell captive insurance structure

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SRS hires Matthew Charleson to expand its ILS initiative

Matthew Charleson will be joining Strategic Risk Solutions as chief operating officer of fund services and insurance-linked securities, effective from 7 December 2020

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Zurich in talks to acquire MetLife’s US P&C business

Zurich Insurance Group, a Swiss multi-line insurer, has confirmed it is in discussions to acquire MetLife’s US property and casualty business

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AGCS reports an increase in cyber-driven claims

There has been a 67 percent increase in the average number of security breaches in five years, according to a cyber report by Allianz Global Corporate & Speciality

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USQ Risk appoints Parag Bavishi as CUO

Parag Bavishi has joined USQ Risk’s managing general agent and programmes team as chief underwriting officer of innovative alternative risk transfer, based in New York

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Chris Sutton joins McGill and Partners as partner

Chris Sutton has joined McGill and Partners from Aon, as a partner in its structured solutions team

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Marsh promotes Hamish Roberts to newly created role

Marsh has appointed Hamish Roberts as global renewable energy leader, in Marsh JLT Specialty, effective 1 January

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A.M. Best affirms ratings of Anguilla-based reinsurance company

A.M. Best has affirmed the financial strength rating of B+ and the long-term issuer credit rating of “bbb-” of East Caribbean Reinsurance Company Limited, based in Anguilla

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