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Pinnacle promotes Hillebrandt and Cortner

Pinnacle Actuarial Resources has promoted Aaron Hillebrandt to director and consulting actuary and Christopher Cortner to consulting actuary

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MGAs should consider the benefits of captives

MGAs should seriously consider the benefits that captive insurance companies can deliver to their business amid renewed pressure from capacity providers, according to Michael Woodroffe, president of Kirkway International

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EIOPA issues no-deal Brexit recommendations

EIOPA has called on European regulators to minimise the detriment to insurance policyholders and beneficiaries in the case of a no-deal Brexit

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DC establishes regulatory sandbox and innovation council

The District of Columbia has established a Financial Services Regulatory Sandbox and Innovation Council to analyse the viability of implementing a financial services sandbox

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USVI outlook ‘brighter than ever’ after adding new captive in 2018

The outlook of the USVI captive market is “brighter than ever” after licensing one new branch exempt captive insurance company in 2018

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Cayman welcomes 33 new captives in 2018

The Cayman Islands licensed 33 new captive insurance companies in 2018, equalling the same number of captives licensed in the domicile the year before

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London & Capital adds new executive director

London & Capital has appointed Shadrack Kwasa as executive director

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‘Outlook positive for Texas’ after it adds four new captives in 2018

Texas licensed four new captive insurance companies in 2018, but despite reduced growth in comparison to previous years, the outlook is “only positive”, according to Andrew Marson of SRS and the TxCIA

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BPS appoints lead captive professional to leadership team

BPS has appointed Benjamin Glenn to the firm’s leadership team as a shareholder

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Bermuda captive premium totaled $40bn in 2018

Bermuda captive insurance premiums totaled approximately $40 billion in 2018, according to BMA year-end statistics

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Ratings of Apogee captive affirmed

A.M. Best has affirmed the financial strength rating of A- (Excellent) and the long-term issuer credit rating of “a-” of Prism Assurance, the single parent captive insurer of Apogee Enterprises

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R&Q and entities’ ratings affirmed by A.M. Best

R&Q, and its wholly owned entities Accredited Surety and Casualty Company and Accredited Insurance (Europe), have had their ratings affirmed by A.M. Best

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