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Consolidation drives M&A activity

Global insurance M&A activity in 2013 within the property/casualty, life/health and reinsurance sectors was driven largely by industry consolidation, A.M. Best research has found...

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JLTIM and CICA begin appeal to NAIC

JLT Insurance Management has joined with CICA and the captive industry in calling for the NAIC to reconsider its proposed definition of "Multi-State Reinsurer"...

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Delaware has become the sixth largest domicile

Delaware has become one of the largest captive insurance domiciles, ranking sixth in the world...

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Barnett Waddingham has a new head of insurance

UK firm, Barnett Waddingham has appointed Scott Eason as the new head of their insurance consulting team...

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Superior rating for Prudential Financial by A.M. Best

A.M. Best has affirmed the financial strength rating (FSR) of A+ (Superior) and the issuer credit ratings (ICR) of “aa-” of the domestic life/health insurance subsidiaries of Prudential Financial (PFI) ...

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Sunset Capital to license first captive

Sunset Capital Assets is to form and license its first captive insurance company, Sunset Capital Assurance...

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JLTCM closes $10 Million cat bond

Jardine Lloyd Thompson Capital Markets (JLTCM), which is part of JLT Towers Re, has arranged another private placement catastrophe bond, Market Re 2014-1, which closed at $10 million...

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Insurance industry optimistic for growth

Insurance executives and intermediaries expect the sector to enjoy good growth over the next three to five years, according to research from information management firm EDM Group...

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Vermont's first director of captive insurance passes away

Captive insurance pioneer Edward “Ed” Meehan has passed away aged 73 at his home in North Fort Myers, Florida, after a prolonged illness...

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Guernsey enjoys captive growth

The Guernsey Financial Services Commission (GFSC) licensed 99 new international insurers in the 12 months to the end of March...

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BP captive gets A- from A.M. Best

A.M. Best has affirmed the financial strength rating of A- (Excellent) and issuer credit rating of "a-" of Saturn Insurance of Burlington, Vermont...

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Japanese captives still lagging

Japanese-owned captive insurers remain a small fraction of the total number of captives globally, primarily due to the close relationship between the country's insurance companies and industrial groups, according to a new report from A.M. Best...

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