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Atlas hires Gail Olsen

Atlas Insurance Management has appointed Gail Olsen as senior vice president of finance and compliance

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MagMutual acquires TPA Incorporated Protective Cell

MagMutual Insurance Company has acquired TPA Incorporated Protective Cell, which was owned by a series of Georgia physicians

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NAIC elects 2018 officers

Appointments include Julie Mix McPeak, Eric Cioppa, Raymond Farmer and Gordon Ito

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BMA report reveals diverse captive industry

The majority of risk assumed by Bermuda-based captive insurance companies originates in North America, but business lines covered in the jurisdiction remain diverse, according to the BMA Captive and SPI Report 2017

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SOBC Sandell acquires American Safety RRG

SOBC Sandell has completed the acquisition of American Safety Risk Retention Group (RRG) after receiving regulatory approval from the Vermont Department of Financial Regulation

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Nick Steer steps down as CEO at Compre

Nick Steer, a founding director of Compre, will step down from his role as CEO, but will remain within the group serving as non-executive deputy chairman, effective March 2018

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LMG welcomes UK ILS legislation

The approval of UK insurance linked-securities (ILS) legislation “is a great example of the market working closely with the government to improve the business environment in which we operate”, according to the London Market Group

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R&Q completes RQMA sale with Coverys

Randall & Quilter (R&Q) has completed the sale of its Lloyd’s managing agency, R&Q Managing Agency (RQMA), to Coverys

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ERI Re receives ‘good’ ratings

A.M. Best has assigned a financial strength rating of “B+ (Good)”, and a long-term issuer credit rating of “bbb-“ to Barbados reinsurer Energy Risk Indemnity Reinsurance (ERI Re)

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A.M. Best withdraws American Safety RRG’s ratings

American Safety Risk Retention Group (RRG) has requested to withdraw from A.M. Best’s interactive rating process

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UK’s ILS legislation approved

A UK government cross-party committee has approved the UK’s Risk Transformation Regulations 2017 and the Risk Transformation (Tax) Regulations 2017, which make up the UK’s insurance linked-securities (ILS) legislation

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VADA to use CHSI Technologies cloud-based system

Virginia Automobile Dealers Association Group Self-Insurance Association is set to implement the CHSI Technologies cloud-based suite of configurable core systems software

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