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Guernsey considers introduction of LLCs

Guernsey is proposing to adopt limited liability companies (LLC) to enhance the island’s competitive position in the US

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Non-life global legacy insurance market sees run-off reserves increase

Legacy portfolios sitting within life insurance companies will be the main source of legacy transactions in the next year, while others said Lloyd’s of London, captives and non-insurance corporates will also feature in legacy deals

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R&Q reveals £25.3m profit increase for H1 2019

The board of Randall & Quilter outline the firm's interim results for the six months ending 30 June 2019

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Captive receives $2.5m fine from Washington insurance commissioner

The insurance commissioner for the State of Washington, Mike Kreidler, has imposed a $2.5 million fine on Alaska Air’s Hawaii-domiciled captive insurance company for unpaid tax, interest, and penalties

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AXA XL launches local captive practice in Canada

AXA XL has launched a local captive practice in Canada in order to address the growing demand for captive and alternative risk transfer expertise

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Anne Marie Towle to lead captives team at Hylant

Hylant has recruited Anne Marie Towle to lead their global captive solution team

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Tennessee appoints new TDCI commissioner

Tennessee governer Bill Lee has named Hodgen Mainda as the new commissioner for the Tennessee Department of Commerce and Insurance, effective 1 October.

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OECD publishes second phase of peer reviews of Action 13

OECD has released the outcomes of the second phase of peer reviews of the BEPS Action 13 country-by-country

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Former DARAG CEO takes on new role

Gossmann & Cie has appointed Joanna Aquilina and Patrick Riecken to the management team of its new risk carrier that is currently being set up in Malta

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Ratings upgrade for IGI

A.M.Best has upgraded the financial strength rating and long-term issuer credit rating for International General Insurance

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Aon snaps up Neville Weston for its reinsurance business

Aon has appointed Neville Weston as vice chairman of its reinsurance solutions business in Bermuda

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AXA XL welcomes Alonso Tello

AXA XL has recruited Alonso Tello as vice president of its captives and alternative solutions business

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