Weather disasters last year caused $344 billion in global economic losses, making it the costliest year on record for weather-related events, according to Aon’s catastrophe report

Qatar Re’s acquisition of Markerstudy Group’s insurance companies represents the latest milestone on its journey toward becoming a global insurance group, according to QIC group president and CEO, Khalifa Abdulla Turki Al Subaey

Gary Osborne has stepped down as president of USA Risk Group, ending a 22-year tenure at the company

A.M. Best has removed from under review with negative implications and downgraded the long-term issuer credit ratings and affirmed the financial strength ratings of Amica Mutual Insurance and its subsidiary

R&Q has completed the assumption of auto liabilities from a Connecticut-domiciled RRG to Accredited Surety and Casualty Company, R&Q’s wholly-owned admitted carrier

The Hawaii Department of Commerce and Consumer Affairs issued 30 new captive insurance licenses in 2017, according to its year-end statistics

The SCDOI was pleased with its captive figures in 2017 despite “external forces” that have cut the amount of licensed captives per year, according to SCDOI captive administrator, Jeff Kehler

PartnerRe has entered into a £725 million longevity reinsurance deal with Pension Insurance Corporation, a UK specialist insurer of defined benefit pension funds

AIG has agreed to acquire all outstanding common shares of Validus, the provider of reinsurance, primary insurance and asset management services, in a deal worth $5.56 billion

The South Carolina Department of Insurance has licensed a total of 15 new captives in 2017

A.M. Best has withdrawn the credit ratings of SARRG, after the company requested to no longer participate in the rating agency’s interactive rating process

Regions Insurance has appointed Mike Breedlove as its new executive vice president of property and casualty operations