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TRIPRA expiration could result in ratings downgrade, says A.M. Best

The possible expiration of TRIPRA could result in a potential rating downgrade in ratings for P&C insurers, and therefore captives, according to A.M. Best

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Bermuda acts ‘promptly and effectively’ to secure likely removal from EU blacklist

Bermuda has “acted promptly and effectively” in response to being named on the EU’s tax haven ‘blacklist’ and is likely to be removed on 17 May, according to Curtis Dickinson, Bermuda’s minister for finance

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InsurTech investment records smashed in Q1 2019, says Willis report

InsurTech investment records were smashed in Q1, as investors globally executed the highest number of transactions, the highest number of P&C transactions, and the highest volume of series B and series C funding rounds

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Aon names new US VC of Reinsurance Solutions

Aon has named Jay Demeusy as the new US vice chairman of its Reinsurance Solutions business

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BMS adds JLT Re deputy CEO as president of US reinsurance

BMS Group has appointed Pete Chandler as its president of US reinsurance operations, effective 27 May

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South Carolina captive industry provides annual impact of $56.8m

The South Carolina captive insurance industry has an annual economic impact of $56.8 million, according to a study by the Moore School of Business at the University of South Carolina

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A.M. Best withdraws ratings of Stanford Health Care captive

A.M. Best has withdrawn the ratings of SUMIT Insurance at the request of the Bermuda-based captive concurrent to a ratings downgrade

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Growth of ILS market continues to slow in Q1 2019, says Willis Re report

Growth of the insurance-linked securities market continued to slow in Q1 2019, following a reduction in Q4 2018, according to a Willis Towers Watson report

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Caitlin Morgan Insurance Services hires Partlow

Dustin Partlow has joined Caitlin Morgan Insurance Services as senior vice president

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Everest Re Group ratings affirmed by A.M. Best

The financial strength rating of A+ (Superior) and the long-term issuer credit ratings of “aa-” of the operating subsidiaries of Everest Re Group has been affirmed by A.M. Best

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Langhorne Re Bermuda makes senior appointments

Langhorne Re has appointed Marvin Pestcoe as executive chair and CEO and Timothy Gasaatura as chief actuary.

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Bermuda to host summer RIMS Risk Management Academy

Bermuda will host a three-day risk management academy event, organised by RIMS and the Bermuda BDA, between 14 and 17 July this year

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