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Rives & Associates promotes T.J. Strickland

T.J. Strickland has been promoted to senior manager over the insurance service group at Rives & Associates

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Excellent ratings for Schlumberger captives

A.M. Best has affirmed the financial strength rating of A and the long-term issuer credit ratings of “a+” of Castle Harbour Insurance and Harrington Sound Insurance

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Japan to suffer $10bn economic loss, says Aon catastrophe report

Aon’s catastrophe report, which analyses natural disaster events that occurred worldwide throughout October, revealed that total economic losses in Japan are expected to exceed $10 billion

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Andrew Halls departs Marsh

Andrew Halls has departed his role as vice president, underwriting and claims at Marsh

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Q3 non-life ILS capacity hits near-record figures

The value of non-life capacity issued and outstanding at the end of Q3 was at a near-record high of $27.3 billion, according to the new ILS Market Update from Willis Re Securities

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Willis Towers Watson names new global captive practice leader

Willis Towers Watson has appointed Peter Carter as the new leader of its global captive practice within its corporate risk and broking segment

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Ratings affirmed for Phillips 66 captives

A.M. Best has affirmed the financial strength rating of A and the long-term issuer credit ratings of “a” of Spirit Insurance Company and Radius Insurance Company

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Two new appointments in WTW Asia

Willis Towers Watson has employed David Hills and promoted Eva Liu at their Asian branches

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Guernsey continues China captive market development

International co-operation agreements and Guernsey’s reputation in the market are helping to facilitate the growth of Guernsey captives with Chinese clients, according to Guernsey Finance

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Guernsey to amend incorporated cell law

The Guernsey Committee for Economic Development has reviewed incorporated cell company legislation and advised a number of new amendments, according to Walkers

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‘Excellent’ ratings for LOTS Re

A.M. Best has assigned a financial strength rating of A- and a long-term issuer credit rating of “a-” to LOTS Reassurance Company

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RiverStone acquires two Cayman captives

RiverStone has acquired two Cayman-based captives, GMPCI Insurance Company and Seaside Indemnity Alliance Company

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