Florida has introduced a new bill revising the state’s 2012 captive insurance law. Committee Substitute for House Bill 1191 makes a number of changes intended to address any unintended consequences that may have resulted from the 2012...

The Bermuda Monetary Authority (BMA) has realigned its senior management team to improve cost efficiencies and increase Bermuda’s appeal to new market entrants...

Missouri Governor Jay Nixon has signed Senate Bill 287 into law, that allows for the formation of sponsored captive insurance companies...

A.M. Best has affirmed the financial strength rating of “A (Excellent)” and issuer credit rating of “a” of Sooner Insurance Company, based in Burlington, Vermont...

A.M. Best has confirmed the financial strength rating of “A (Excellent)” and issuer credit rating of “a” of Guernsey based, Jupiter Insurance...

A.M. Best has affirmed the financial strength rating of “A++ (Superior)” and issuer credit rating of “aa+” of The Medical Protective Company and its two reinsured affiliates, MedPro RRG and AttPro RRG Reciprocal...

Michael Halsband and Deanne Nixon have been named as the joint leaders of Sirius International Group’s new Insurance Linked Securities (ILS) team...

Guernsey’s chief minister, Peter Harwood, has set out the island’s leadership and track record on tax transparency, ahead of the G8 and G20 meetings on the subject...

American International Group (AIG) has named Anthony Philip as president and CEO of American International Company in Bermuda...

Fith Ratings has affirmed the Insurer Financial Strength rating of “BBB” to Black Gold Re. The rating outlook is positive...

Marsh has appointed Neil Irwin to lead the firm’s business development across the Middle East and North Africa region...

Eastern Alliance Insurance Group, a subsidiary of Eastern Insurance Holdings, and Westfield Insurance have formed EastWest Alliance, a multi-line captive for mid-to large-size employers...