A.M. Best has affirmed the financial strength rating of A+ the long-term issuer credit ratings of “aa” of Principal Life Insurance Company and Principal National Life Insurance Company

DoubleJack, a fintech company with its own lottery and gaming platform powered by DJACK, the Tron-based utility token, aims to establish a captive insurance company for all its providers

A European domiciled cell captive has successfully relocated to a US domicile and converted into a full captive, according to Oliver Schofield of Risk and Insurance Strategy Consultants

The Cayman Islands Monetary Authority has revealed it welcomed 36 new insurance formations in 2020, marking the largest annual increase since 2017

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”