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

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

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

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

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

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

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

Sean McGovern, sponsor of the Government workstream, revealed that work is being done with campaigns to promote market innovations and ensure that the Government positions the London Market as an attractive market for foreign investment

A.M. Best has affirmed the financial strength rating and the long-term issuer credit rating of Rembrandt Insurance Company, a Bermuda-based captive reinsurer of Vitol Holding B.V.

The District Court of Oklahoma County has approved the Providence Washington Insurance Company to complete its insurance business transfer plan

DARAG Group has reached an agreement with NOBIS Compagnia di Assicurazioni for the sale of the going concern business from DARAG Italia S.p.A, subject to regulatory approval

An increasing number of construction companies have explored the option of a captive insurance company during the COVID-19 pandemic, according to CIC Services, a captive consulting firm