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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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Beijing and Guernsey team up on captive venture

Beijing Airport Captive Management Consulting (BACM) and Guernsey-based insurance manager Alternative Risk Management (ARM) have partnered up on captive insurance project for Chinese businesses

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MEC hires new director of business development

Agnone will be responsible for identifying new captive opportunities for MEC

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Clete Thompson returns to Capstone

Capstone Associated Services has expanded its presence into the southwestern region of the US, with the addition of Clete Thompson

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Guernsey welcomes first Chinese insurance company

Brilliant Reinsurance has become the first Chinese insurance company to be based in Guernsey

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CNOOC’s captive ratings affirmed

A.M. Best has affirmed the financial strength rating of “A- (Excellent)” and the long-term issuer credit rating of “a-" of ICM Assurance (ICMA)

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Madison Re II to reinsure Novea captive

Novea has selected Madison Re I.I. to reinsure its pure captive Jacana Insurance

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JPMorgan Chase captive ratings affirmed

Park Assurance Company, the single-parent captive of JPMorgan, has had its financial strength rating of “A (Excellent)” and long-term issuer credit rating of “a” affirmed by A.M. Best

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Avrahami motion for reconsiderations denied

Judge Mark Holmes has denied the Avrahamis’ motion for reconsideration concluding that at least one policy was so “ill-drafted” that it was both a claims-made and an occurrence policy

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AGCS promotes corporate and specialty duo

Allianz Global Corporate & Specialty (AGCS) has appointed Paul Schiavone as head of alternative risk transfer and Laura Coppola as regional head of financial lines for the North America region

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Evergreen captive rated ‘excellent’

A.M. Best has affirmed the financial strength rating of A- (Excellent) and long-term issuer credit rating of “a-” of Evergreen Insurance Company Limited (EICL), domiciled in Bermuda

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Pinnacle Actuarial Resources expands to South Carolina

Pinnacle Actuarial Resources has appointed Legaré Gresham to lead the company’s expansion into South Carolina

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