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A.M. Best affirms Houston Casualty Group and HCC Life ratings

A.M. Best has affirmed the FSR of “A++ (Superior)” and long-term ICR of “aa+” of both the property and casualty members of Houston Casualty Group and of HCC Life

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WTW Securities completes €90m cat bond for Covea

Willis Towers Watson Securities has structured and placed €90 million of insurance-linked securities (ILS) for Covea Mutual Insurance Group (Covea), France’s largest domestic property and casualty insurance group

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Compre completes largest acquisition to date

Reinsurance legacy specialist Compre has agreed to acquire two portfolios of business from the UK and US branches of Assicurazioni Generali

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A.M. Best: Global reinsurance outlook remains negative

A.M. Best’s outlook for the reinsurance market segment remains at negative due to the current uncertainty surrounding any improvement in the market environment

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Navigators Group to acquire Belgian specialty insurer

The Navigators Group have entered into a share purchase agreement for the acquisition of specialty insurers ASCO and BDM

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North Carolina captive figures close to 600 mark

North Carolina had 19 stand-alone captive applications and 13 cell captive applications pending approval by the Department of Insurance, as of 6 December, according to deputy insurance commissioner Debbie Walker

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SOBC Sandell continues acquisition streak

SOBC Sandell has completed the acquisition of the protected cell captive company, American Staffing Assurance Company (ASAC PCC), and its incorporated cell captive, American Staffing Assurance Company of Washington (ASCWIC).

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Board changes at AGCS in 2018

Allianz Global Corporate & Specialty (AGCS) has revealed changes to its board of management, due to take effect throughout 2018.

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XL Catlin promotes Jay Lefkowitz

XL Catlin has appointed Jay Lefkowitz as its new president of global risk management business in North America.

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Hanover Stone appoint new risk advisors

Hanover Stone Partners (HSP) have appointed Michael Scott and Philip Stevens as senior risk advisors.

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Clark disputes Avrahami verdict

Celia Clark, the lawyer who formed the Avrahamis’ micro captive Feedback, has weighed in on the court's decision to deny the Avrahamis’ motion for reconsideration.

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Cayman captive industry generated $100m in 2016

The Cayman Islands captive insurance industry generated $100 million for the island’s economy in 2016, according to a recent economic impact survey.

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