Washington Insurance Commissioner Mike Kreidler is offering captive insurance companies that have unlawfully insured risk in the state to pay reduced penalties if they self-report

Arthur J Gallagher & Co has acquired Chicago-based captive consultant Captive Insurance Company Design and Operations

Aon Captive and Insurance Management has appointed Anup Seth to the newly created role of global leader of underwriting solutions

A group of plaintiffs seeking class status has filed a suit against a group of defendants, including Artex Risk Solutions and Arthur J Gallagher & Co, accusing them of being part of a massive captive insurance strategy conspiracy

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 NiSource Insurance Corporation

Energi has appointed Michael Windstein as chief underwriting officer

JLT UK & Ireland Employee Benefits CEO, Bala Viswanathan, will join MMC subsidiary, Mercer, as COO, following MMC’s successful completion of JLT

Adriana Scherzinger has been appointed as regional head of international programme business commercial insurance for Zurich Latin America, effective 1 January

AES Global Insurance Company has had its long-term issuer credit rating upgraded to “bbb+” from “bbb” and its financial strength rating of B++ (Good) affirmed by A.M. Best

Alternative capital in the insurance industry has quadrupled since 2010, now estimated at $95 billion in the H1 of 2018, according to a report from Swiss Re

A.M. Best has been registered as a credit rating agency by the ESMA to provide ratings through its new Amsterdam-based subsidiary as part of its Brexit contingency plan

A.M. Best has upgraded the financial strength rating from B+ (Good) to B++ (Good) and the long-term issuer credit rating from “bbb-” to “bbb” of BTG Pactual Resseguradora (BTG Re)