Many life insurers need to develop their actuarial models to embrace dynamic policyholder behaviour and management actions, according to Milliman...

Capstone Associated Services has promoted Megan Brooks to financial risk manager...

A new captive insurance risk management company has launched in South Carolina...

A.M. Best Co. has downgraded the financial strength rating to “B++ (Good)” from “A (Excellent)” and the issuer credit rating to “bbb+” from “a” of American Safety Risk Retention Group, based in Burlington, Vermont...

Munich Re has appointed Bernhard Kaufmann as group chief risk officer, effective from 1 January 2014. He succeeds Joachim Oechslin, who will be joining the executive board of the Credit Suisse Group from the beginning of next year...

The former FERMA president, Jorge Luzzi, is the new executive vice president of Herco Global, a risk management company which is part of the insurance broking group MDS Holdings...

Willis Group Holdings has hired Christine Drivas to enhance the European presence of its facultative reinsurance division, Faber Global...

Law firm Hempel and Boyd, based in the British Virgin Islands (BVI), has rebranded under the Carey Olsen name...

A.M. Best has upgraded the financial strength rating to “A (Excellent)” from “A- (Excellent)” and the issuer credit rating to “a” from “a-” of Coastal Medical Insurance...

European Commissioner Michael Barnier has put forward a draft directive to postpone the Solvency II start date to 1 January 2016...

Guy Carpenter & Company has launched its new Excess & Surplus Lines Specialty Practice, which will focus on the unique needs of these specialised insurance companies...

Willis Capital Markets & Advisory has appointed Brad Livingston as vice president of Insurance Linked Securities (ILS), effective 14 October...