Captive insurance companies will run the insurance industry in the next 10 years, according to Jason Flaxbeard, executive managing director of captive management & consulting at Beecher Carlson

The former Zurich head of captive management and business development for Asia Pacific, Sean Welsch, has launched a new captive management company, Welsch Captive Management, in the region

The reform of Illinois’ captive regulatory framework is back on track following the state Senate’s unanimous vote to override governor Bruce Rauner’s amendatory veto of SB 1737

Independent insurance management company Robus has opened an office in Malta as it continues to prepare to for Brexit

Barbados has repealed the Exempted Insurance Act and all insurance entities in the domicile will now fall under an amended Insurance Act, with captives continuing to be zero taxed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