The non-profit captive insurance company set up to assist homeowners impacted by the ‘crumbling foundations’ issue in Connecticut is seeking board members

The Guernsey Financial Services Commission and the Bank of England have signed a memorandum of understanding allowing them to share confidential information about regulated entities and co-operate on supervision activities

Pfizer’s captive insurance company, Blue Whale Re, has had its financial strength rating of A (Excellent) and its long-term issuer credit rating (long-term ICR) of “a+” affirmed by A.M. Best

Sedgwick has completed the acquisition of claims management and risk solutions firm Cunningham Lindsey

Willis Towers Watson has promoted Ciaran Healy to head of international development and consulting of their global captive practice.

Captive management firm USA Risk Group has appointed David Spratt as its new senior vice president

Texas saw eight new captive formations last year, according to figures from the Texas Captive Insurance Association

Risk retention groups (RRGs) remain financially stable and continue to provide specialised coverage to their insureds after reporting a net income of $286.9 million in 2017, according to a report by Douglas Powell

Captive insurance experts from Bermuda will head to Canada in May to promote the benefits of setting up captives on the island

The Kansas state government has passed a bill to update and modernise its captive insurance law

A.M. Best has affirmed the long-term issuer credit rating of “a+” on the initial $1.2 billion of 5.75 percent secured notes issued by Redding Funding, a wholly owned subsidiary of Wilton Re

Nissan Global Reinsurance has had its financial strength rating upgraded from A- (Excellent) to A (Excellent) and its long-term issuer credit rating upgraded from “a-” to “a” by A.M. Best