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Italian energy captive is going strong

A.M. Best Europe has affirmed the financial strength rating of “A (Excellent)” and issuer credit rating of “a” of Eni Insurance Limited...

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Flood Re exclusion could leave SMEs high and dry

The British Property Federation have urged the UK government to extend current flood insurance proposals to include small and medium sized enterprises...

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RIMS emphasise the importance of TRIA

The Risk and Insurance Management Society has released a report that highlights the importance of reauthorising the Terrorism Risk Insurance Act...

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A.M. Best guarantees the strength of Vermont captive

A.M. Best has affirmed the financial strength rating of “A- (Excellent)” and issuer credit rating of “a-” of National Guaranty Insurance Company of Vermont. The outlook for both ratings is stable...

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Harden bids farewell to Oz for new CEO role

Current chairman of Willis Re Australia, Michael Harden, has been appointed CEO of Willis Re Bermuda...

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USA Risk Group adds Harry Rodgers as VP

Harry Rodgers has joined USA Risk Group as vice president of business development based in Baltimore, Maryland...

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Fitch rates Asian reinsurance market as next big thing

The robust development of insurance in Asia, coupled with good economic growth, has attracted global investor interest in the region, according to a report by Fitch Ratings...

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Guernsey clocks up 46 insurers in first half of 2013

The Guernsey Financial Services Commission (GFSC) has licensed a total of 46 international insurance entities during the first half of 2013...

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IUA forms political risk committee

The International Underwriting Association (IUA) has established a new London market political risk committee...

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Court rules a caution flag for captives

A recent ruling by a US district court in Texas flashed a yellow caution signal to certain segments of the captive insurance industry...

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GC Securities forms unique storm surge cat bond

GC Securities has completed the placement of the series 2013-1 notes—with notional principal at $200,000,000—through a new catastrophe bond shelf programme...

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A.M. Best places S.A.C. Re under review

A.M. Best has placed the financial strength rating of “A- (Excellent)” and issuer credit rating of “a-” of Bermuda-based S.A.C. Re under review with negative implications...

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