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Finance Isle of Man names Sue Preskey as new non-executive chair

Finance Isle of Man, an executive agency within the department for enterprise, has appointed Sue Preskey as non-executive chair to its board

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Scott Benefit Services expands senior living practice

Scott Benefit Services, a division of Scott Insurance, has expanded its senior living practice into additional markets in the Southeast region, including North Carolina, South Carolina and Tennessee

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Guernsey regulator gives deVere Group green light for captive licence

deVere Group has received approval from the Guernsey Financial Services Commission for the licence of its captive insurance company, White Knight

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Insurance Ireland replies to the EC’s consultation on Solvency II

Insurance Ireland, a representative body for insurance companies in Ireland, has published a reply to the European Commission consultation on the review of the Solvency II

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UK Government calls for evidence for Solvency II review

The UK Government has started the first stage of reviewing the Solvency II regulation by calling upon the UK insurance industry for evidence

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IRS reveals new stricter second settlement offer for micro captives

The new time-limited settlement offers will be sent out by the IRS in the coming days with terms that are “stricter” than the first time-limited initiative that started in September last year

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VCIA appoints Stephanie Mapes as new board chair

The Vermont Captive Insurance Association has appointed Stephanie Mapes, director of Paul Frank + Collins, a Vermont based law firm, as the new board chair

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Peak Re recruits Clarence Wong

Peak Reinsurance Company, a global reinsurer based in Hong Kong, has appointed Clarence Wong as chief economist, effective from 16 November

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A.M. Best affirms ratings of Ameriprise Financial

A.M. Best has affirmed the financial strength rating of A+ and the long-term issuer credit ratings of “aa-” of RiverSource Life Insurance Company, based in Minnesota and its wholly-owned subsidiary, RiverSource Life Insurance Co. of New York

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Aon launch new Alternative Distribution platform led by Graeme Rayner

Aon has launched a new platform that will match insurance underwriting expertise with capacity provision through fronting, managing general agent / managing general underwriter and captive solutions

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‘Excellent’ ratings for Saudi Arabian Oil Company’s captive

A.M. Best has affirmed the financial strength rating of A and the long-term issuer credit rating of “a” of Stellar Insurance, a subsidiary of Saudi Arabian Oil Company, based in Bermuda

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Ratings affirmed for Marubeni Corporation’s captive

A.M. Best has affirmed the financial strength rating of A- and the long-term issuer credit rating of “a-” of Marble Reinsurance Corporation, which is based in Micronesia

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