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R&Q acquires captive from Imperial Chemical Industries

Randall & Quilter Investment Holdings has acquired the entire issued share capital of ICI Insurance Company Limited from Imperial Chemical Industries

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Andy Hulme joins SRS

Based in the UK, Hulme will provide underwriting support to SRS clients globally

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VCIA moves 2020 conference to fully virtual platform

VCIA has made the decision to move its 2020 Annual Conference to a fully virtual platform in light of the current COVID-19 pandemic.

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New captive legislation signed into law in Utah

Utah governor Gary Herbert has signed an insurance amendment bill into law, which includes amendments for captive insurance companies within the state

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FERMA: businesses need flexibility and partnership from insurers amid COVID-19 pandemic

The Federation of European Risk Management Associations has called for enhanced understanding of the insurance needs of European businesses to help them get through the COVID-19 pandemic and recover afterwards

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COVID-19 economic impact strengthens case for captive insurance, says Dominic Wheatley

The long-term economic impact of the COVID-19 pandemic is likely to strengthen the case for captive insurance solutions for large corporations, according to Dominic Wheatley, CEO of Guernsey Finance

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Aspen Re names new Americas senior managing director

Scott Kreuzer has been appointed senior managing director, Americas at Aspen Re, effective 4 May 2020

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Petronas’ captive receives ‘excellent’ ratings

A.M. Best has affirmed Energas Insurance’s financial strength rating of A and the long-term issuer credit rating of “a”

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COVID-19 set to ‘accelerate’ the spike in employee benefits coverage

In recent years there has been a rise in introducing employee benefits risk to captives and COVID-19 is “destined to accelerate this trend”, according to Sven Roelandt of Aon

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A.M. Best withdraws ATGI ratings

A.M. Best has downgraded American Transportation Group Insurance Risk Retention Group’s financial strength rating to C++ (Marginal) from B and the Long-Term Issuer Credit Rating to “b” from “bb”

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Vermont’s FRMT captive names new CEO

Vermont captive reinsurance company FRMT has appointed Kimberly Trimble as its first CEO

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Feldman Law Firm addresses Texas congressman in light of IRS’ ‘recent tactics’

According to Feldman, businesses with captive insurance “stand in a better financial position to weather the current storm posed by the pandemic and the resulting shutdown of businesses”

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