Nuclear Electric Insurance Limited (NEIL) has had its financial strength rating of A (Excellent) and its long-term issuer credit rating of “a+” affirmed by A.M. Best
A.M. Best has withdrawn the ratings of Intercona Re, the captive reinsurer of Nestlé, after the company requested to no longer partake in the ratings agency’s interactive rating process
Increasing geopolitical tensions, protectionist sentiments, and ongoing trade disputes are leading to unprecedented uncertainty and risk ahead for multinationals with direct foreign investments, according to a report from Marsh
Pool Re, the British government-backed terrorism reinsurer, has placed the world’s first terrorism catastrophe bond, which is issued under the UK's new ILS regulatory system
British Columbia licensed one new captive insurance company last year, according to statistics from the domicile's Financial Institutions Commission
Arizona licensed eight new captive insurance companies last year, as the state’s captive programme experienced “a solid year of steady growth”
The DC licensed 17 new captive insurance companies last year, the largest growth in terms of captive formations since 2015
Georgia licensed eight new captive insurance companies in 2018, exhibiting reduced growth in comparison to the 18 captives licensed the year before
Figures from the Kentucky Division of Insurance revealed that last year, there were eight new captive formations (up from four in 2017) and seven captive dissolutions (down from 23 in 2017)
Montana licensed 26 new captives last year, as formations of protected cell and series captives outpaced standalone captive formations by a ratio of at least two-to-one for the third consecutive year
Pinnacle Actuarial Resources has promoted Aaron Hillebrandt to director and consulting actuary and Christopher Cortner to consulting actuary
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