Disclosure of captive exposures to certain long-term and universal life insurance policies has improved among life insurers, but it has also revealed additional problems, according to Moody’s Investors Service...
Private equity firm Acuity Investment has released a proposal to acquire a Pro Global Insurance Services company, subject to shareholder and regulatory approval...
A.M. Best has downgraded the financial strength rating of Security America Risk Retention Group (SARRG), based in Burlington, Vermont, from “B++ (Good)” to “B+ (Good)”...
Barton Hedges, CEO of Greenlight Re, will step down from the role after 11 years of service, effective from 31 March next year...
JLT Re has purchased StoneHill Reinsurance Partners, a reinsurance intermediary focusing on medical professional liability...
Members of the National Association of Insurance Commissioners (NAIC) have elected the association’s officers for 2017...
The Bermuda Business Development Agency (BDA) has appointed Andrea Jackson and Stephen Weinstein to its board of directors...
Captive Alternatives (CapAlt) has received permission from the commissioner of insurance in Puerto Rico to increase the client base for its Protected Captive product to 2,000...
UK government advisor Michael Wade opened the recent City & Financial Global’s conference on insurance-linked securities (ILS) in London by calling the introduction of a bespoke regime for the popular financial instruments a potential “game chang
Captive Alternatives (CapAlt) has launched a new programme that allows membership associations to provide a fee-based merchant services programmes to members, eliminating merchant services commissions..
Mary O’Connor is set to lead the client and business development function for Willis Towers Watson, alongside her role to co-lead the global financial institutions industry group...
A.M. Best has affirmed the financial strength ratings of “A- (Excellent)” and the long-term issuer credit rating of "a-" of Nissan Global Reinsurance (NGRe), the captive insurer of Nissan Motor Company, located in Bermuda...