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Negative outlook for HAI Group

HAI Group has had its financial strength and long-term issuer credit ratings affirmed, but the outlooks for both have been revised down...

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Saipem captive given ‘excellent’ rating

A.M. Best has assigned the financial strength rating of “A- (Excellent)” and the long-term issuer credit rating of “a-“ to Sigurd Rück, the captive reinsurer of Saipem, domiciled in Switzerland...

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R&Q completes first US-based self insurer novation

Randall & Quilter Investment Holdings (R&Q) has completed its first US-based self-insurer novation...

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Stephen Burr joins Pool Re

Pool Re has appointed Stephen Burr as head of actuarial services, with immediate effect...

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UK opens up second set of ILS proposals

The UK government has released its second consultation on the implementation of an insurance-linked securities (ILS) regime...

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Increased concern for SMEs over cybercrime

The risks posed by cyber crime are a fast-growing concern for small and medium-sized enterprises (SMEs), according to Zurich Insurance Group’s annual global SME survey...

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Colorado senator shares his concern over IRS notice

Colorado senator Michael Bennett is the latest figure to criticise Notice 2016-66...

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HAI Group purchases housing inspection software

HAI Group has acquired InspectUS housing inspection software from Inspection Group...

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Spirit and Radius ratings affirmed

A.M. Best has affirmed the financial strength ratings of “A (Excellent)” and long-term issuer credit ratings of “a” for Spirit Insurance Company and Radius Insurance Company, captives of Phillips 66...

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BNY Mellon launches medical claims platform

BNY Mellon has launched an automated medical claims payment platform for its property and casualty insurance clients...

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NORCAL buys Preferred Physicians Medical RRG

NORCAL Mutual Insurance Company has acquired PPM Services, the holding company for Preferred Physicians Medical Risk Retention Group (PPM)...

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SIIA requests Notice 2016-66 extension from IRS

The Self-Insurance Institute of America (SIIA) has asked the Internal Revenue Service (IRS) to grant more time to 831(b) captives that need to comply with Notice 2016-66...

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