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MS Amlin’s European subsidiary licence approved

Leading global reinsurer MS Amlin has received approval from the National bank of Belgium to redomicile its subsidiary, Amlin Insurance SE to Belgium from the UK

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MAXIS shuffles team to target international expansion

MAXIS GBN has made three organisational changes as part of the company’s strategy to target new markets and continue with planned international expansion

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Ratings of HU and ProMutual subsidiaries updated

A.M. Best has affirmed the FSR of A (Excellent) and the long-term ICR for Medical Professional Mutual Insurance Company’s and its wholly-owned subsidiaries

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Fidelis launches reinsurance sidecar

Fidelis Insurance Holdings has launched a new special purpose insurer, Socium Re, to provide collateralised capacity support for Fidelis’ reinsurance portfolio

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The Hanover adds new alternative markets president

The Hanover Insurance Group has appointed Frank Baron as its president of alternative markets, a newly formed business unit in the company’s domestic specialty group

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Guernsey and London ILS markets can be complementary

The Guernsey ILS sector believes that it can work closely with the developing market in London, following a roadshow earlier this year that saw visits from lawyers and industry representatives in both Zurich and London

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New round of captives inducted into Bermuda hall of fame

Eleven captive insurance companies have been admitted to Bermuda’s Captive Hall of Fame as a result of completing 25 years of business from the island

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NGIC ratings affirmed

National Guaranty Insurance Company of Vermont (NGIC) has had its financial strength rating of A- (Excellent) and its long-term issuer credit rating of “a-” affirmed by A.M. Best

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Wilmington Trust hires Ramsey

Wilmington Trust has appointed Michael Ramsey as client development officer for its insurance collateral solutions team, part of the company’s global capital markets division

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Aon names reinsurance solutions CEO

Aon has appointed Andrew Marcell as its new CEO of reinsurance solutions

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South Carolina cleans up captive legislation

South Carolina has passed a new bill that cleans up the captive legislation in the state

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North Carolina considers ‘foreign’ captive tax exemption

The North Carolina General Assembly is considering legislation to exempt ‘foreign’ captive insurance companies from all state taxes

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