Barbados has repealed the Exempted Insurance Act and all insurance entities in the domicile will now fall under an amended Insurance Act, with captives continuing to be zero taxed

Mike Reynolds has stepped down as CEO of JLT Re.

Guy Carpenter has named Ross Howard as its new vice chairman, effective upon the completion of Marsh and McLennan’s acquisition of JLT Group

Alera Group, a US-based employee benefits, risk management, and wealth management firm, has acquired Orion Risk Management Insurance

Aon has appointed Richard Jones as executive chairman of its Reinsurance Solutions business in Asia

ICM Assurance has had its financial strength rating of A- (Excellent) and the long-term issuer credit rating of “a-” by A.M. Best

DARAG Guernsey has acquired the entire share capital of SOBC Services, via its wholly owned subsidiary, SOBC DARAG Holdings

A.M. Best has upgraded the financial strength rating from A- (Excellent) to A (Excellent) and the long-term issuer credit rating from “a-” to “a” of Evergreen Insurance Company Limited

Crum & Forster’s accident and health division has launched a Cayman Islands-based captive facility

Brit, the global specialty insurer and reinsurer, has launched a new multi-arrangement insurance purpose vehicle under the UK’s ILS regime, Sussex Capital UK

A.M. Best-rated captive insurers in Bermuda, the Cayman Islands, and Barbados have had consistently strong operating results, continuing to outperform the US commercial market sector in 2017, according to a report by A.M. Best

The UK Government’s draft Brexit withdrawal agreement is “unfortunate for the insurance industry” due to its focus on equivalence, according to Bob Haken, insurance partner at Norton Rose Fulbright