Aon Securities has assisted the World Bank in structuring the largest ever catastrophe bond covering earthquakes

The Bermuda Monetary Authority welcomed 17 new captive insurers last year, compared to the 13 in 2016

US-retail company Burlington Stores has launched Florence Insurance Company, a New Jersey-domiciled captive insurer

Leonora Siccardi has been appointed as the COO of Aon Benfield UK

A new bipartisan US bill, which amends the FHLB Act and allows captive insurers to regain full membership to the FHLB system, has been introduced to the Senate

A.M. Best has affirmed the financial strength rating of “A- (Excellent)” and long-term issuer credit rating of “a-” of PMG Assurance, the pure captive of Sony

USA Risk Group has appointed Stephen Roseman as president and CEO, replacing Gary Osborne, who stepped down from the role last month

Alera Group, a risk management and wealth management firm, has acquired Spring Consulting Group

Marsh Captive Solutions has formed Mangrove Insurance Europe PCC, a new protected cell company (PCC) domiciled in Malta

Captive owners in the US should take note of developments related to the new cyber compliance law in New York, warned Bruce Wright of Sutherland, Asbill & Brennan

R&Q Investment Holdings has been assigned an “A- (excellent)” credit and financial strength rating from A.M. Best for its European subsidiary R&Q Insurance (Malta)

The change in controlled foreign corporation (CFC) ownership rules brought in by the US tax reform will impact group captives, according to Tom Jones of McDermott Will & Emery