The upgrade reflects improved enterprise risk management practices, policies and procedures around Trisura’s risk management of US captive reinsurance contracts.

The company intends to merge with the acquired captive in due course, and reinsure the longer-tail portion of the portfolio with its core risk carrier in Germany, Darag Deutschland AG.

With a value of US$13.75 million, the bond aims to provide the firm with incremental retrocession protection.

Based in Singapore, Thomas will report to Chris Colahan, AIG regional president in Asia Pacific.

Based in Melbourne, Solution is a specialist insurance underwriter that focuses on financial lines insurance products.

Aspen will be the sole cedant to Pando Re and Pimco will be the investment manager.

HDI Global has introduced climate risk reporting to assist clients with physical climate risk analysis, in line with EU taxonomy guidelines.

Convergence aims to target the insurance of credit risk portfolios, addressing the growing needs for portfolio solutions among banks and global financial institutions.

Previously, MacKay served as assistant vice president at Global Captive Management for more than seven years.

Previously, he led European broking solutions at Guy Carpenter for more than three years.

Based in Mumbai, he will report to George Attard, CEO of Aon Reinsurance Solutions in Asia Pacific, and join the region’s reinsurance executive committee.

This proposal follows the mention of micro-captives on its 2023 list.