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Moody’s: Marsh & McLennan ratings affirmed, outlook downgraded after JLT deal

Following the JLT acquisition agreement, Moody's has affirmed the ratings of MMC and downgraded its rating outlook to negative

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Lloyd’s Brussels' policy documentation published

A new suite of policy documentation has been published to support the underwriting of risks from the European Economic Area by Lloyd’s Brussels

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IMAC restarts worldwide brand identity

IMAC, the nonprofit organisation that represents the Cayman Islands’ captive and alternative risk management insurance industry, has reinvented its worldwide brand identity

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Hylant launches middle-market group captive

Insurance brokerage Hylant has launched a group captive insurance company, Haven Re, which will provide a cost-saving option for middle-market businesses

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Artex forms Malta PCC as Brexit contingency plan for UK brokers

Artex has launched a protected cell company in Malta to offer UK brokers a contingency plan in the event of a hard-Brexit

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Marsh agrees to acquire JLT

Marsh & McLennan Companies has agreed to acquire Jardine Lloyd Thompson Group in a deal worth $5.6 billion

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Aon launches capital advisory unit

Aon has launched a Capital Advisory unit within Reinsurance Solutions to provide a holistic approach to capital optimisation for reinsurers, Lloyd’s syndicates and captives

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Legal & General buys-in to BA pension scheme

Legal & General has completed a £4.4 billion buy-in to British Airways’ pension scheme, Airways Pension Scheme (APS), the largest pensioner bulk annuity policy transaction ever in the UK

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Walkers appoints Storey to Guernsey practice

International law firm Walkers has appointed Kate Storey as partner in its Guernsey practice

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Insurance Europe advises OECD against special captive guidance

Insurance Europe has advised the Organisation for Economic Co-operation and Development (OECD) to apply existing guidance to captive insurance, rather than introducing special guidance

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La Linea mayor calls for tax regime to attract insurers post-Brexit

The mayor of the Spanish town of La Linea, Juan Franco, has asked for a special tax regime for the region to attract insurance companies that are forced to leave Gibraltar because of a hard Brexit

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WTW hires Denys Kazama in Honolulu

Denys Kazama has been appointed as a senior account executive at Willis Towers Watson

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