Jay Branum of the South Carolina Department of Insurance has revealed the state has “very positive and exciting developments” for its captive insurance industry

After rewriting its captive statute back in 2011, the captive insurance market in Tennessee has seen “explosive growth”, according to the state’s insurance commissioner Julie Mix McPeak

London & Capital (L&C) has appointed Kate Miller as head of institutions

Kroll Bond Rating Agency Europe has officially been registered as a credit rating agency by the European Securities and Markets Authority (ESMA), effective 13 November

The Bahamas Financial Services Board (BFSB) and the Insurance Commission of The Bahamas (ICB) has selected two recipients for the Associates in Captive Insurance designation scholarships

Strategic Risk Solutions (SRS) has acquired the operations of CGE Group, a Barbados captive manager

A.M. Best has revised The Savings Bank Mutual Life Insurance Company of Massachusetts’ (SBLI) long-term issuer credit rating outlook from stable to negative

The captive insurance industry has for the first time been implicated in the so-called Paradise Papers, as a US businessman was identified in one of the leaked documents as a director of a captive insurer

The Captive Insurance Companies Association (CICA) and the Davey Risk Management and Insurance Program at Butler University have formed a new professional development partnership

Sigurd Rück AG (Sigurd), the captive of Saipem domiciled in Zurich, Switzerland, has selected Eurobase Insurance Solutions’s synergy2 to support its captive operations

Chubb has promoted Barry Beard as head of global services and complex multinational UK and Ireland

A.M Best has upgraded the financial strength rating of AES Global Insurance Company (AGIC) from B+ (Good) to B++ (Good)