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Uniformity vital for reinsurance captives

States should develop a uniform and transparent solvency oversight regime for the transfer of risk to reinsurance captives, said a report by Nelson Levine de Luca & Hamilton...

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A.M. Best rates oil transporter captive

A.M. Best has assigned a financial strength rating of B+ (Good) and an issuer credit rating of "bbb-" to Transneft Insurance Company, JSC...

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JLT adds to construction division

JLT has recruited five people in London to expand its global construction practice...

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New role for Jim Swift at Holmes Murphy

Holmes Murphy & Associates' chairman Jim Swift will move into a new role as director of development opportunities...

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Delaware rejects captive status change

Steve Kinion, Delaware’s captive and financial insurance products director, has condemned a memorandum from Rhode Island insurance superintendent Joseph Torti that attempts to change the definition of a multi-state insurer to include captive insura

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Paul Owens appointed CEO of Willis GCM

Willis Group Holdings has confirmed the appointment of Paul Owens as CEO of the newly formed Willis Global Captive Management business...

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NAIC elects 2014 officers

Members of the National Association of Insurance Commissioners (NAIC) have elected its officers for 2014...

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Basic capital consultation begins for G-SIIs

The International Association of Insurance Supervisors (IAIS) has released for public consultation proposed options for the development of basic capital requirements for global systemically important insurers (G-SIIs)...

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Willis appoints Sarah Turvill to limited board

Willis, the global risk adviser, insurance and reinsurance broker, has appointed Sarah Turvill as a non-executive director to the Willis limited board...

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Oil and gas company captive receives affirmations

A.M. Best has affirmed the financial strength rating of “A+ (Superior)” and issuer credit rating of “aa-” to Noble Assurance Company, which is based in Burlington, Vermont...

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Fitch upgrades Black Gold Re

Fitch Ratings has upgraded Black Gold Re’s insurer financial strength rating to “BBB+” from “BBB”, and revised its outlook to stable from positive...

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PRA expects Solvency II compliance

The Prudential Regulation Authority (PRA) has held a Solvency II conference in London...

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