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A.M. Best rates takaful insurance company

A.M. Best has assigned a financial strength rating of “B+ (Good)” and an issuer credit rating of “bbb-” to National Takaful Company (Watania) PJSC...

Navigators abandons New York for Connecticut

Governor Dannel Malloy has announced that The Navigators Group, an international specialty insurance holding company, will move its corporate headquarters and additional operations from New York to Stamford, Connecticut...

Willis names new captive practice CEO for Europe

Willis Group Holdings has appointed Lesley Harding as CEO of its global captive practice in Europe, effective 1 March...

Deloitte heralds new dawn for insurance M&A

A flurry of activity by insurance companies to rebuild internal M&A capabilities may herald an uptick in M&A during 2013, said Deloitte in a 2013 report...

Strong Panama profile works in ASSA’s favour

A.M. Best has affirmed the financial strength rating of A (Excellent) and issuer credit rating of "a" of ASSA Compania de Seguros, S.A. (ASSA) in Panama City, Panama...

Fitch affirms Tower following Bermuda buyout

Fitch Ratings has affirmed the 'BBB' Issuer Default Rating (IDR) of Tower Group, Inc. and assigned a 'BBB' IDR to the new ultimate holding company Tower Group International, Ltd...

CICA 2013: a regulatory ringer

The final day of the Captive Insurance Companies Association (CICA) 2013 International Conference included a session on regulation that pulled no punches...

Qatar captive converted to reinsurance only

It has been reported that the captive insurance company of Qatar Petroleum, Al Koot Insurance and Reinsurance, will be converted to a Qatari reinsurance company...

Canopius sells off Bermuda shares

Canopius Group, a specialist reinsurance underwriting business, has announced that it has agreed on a price of the private sale of shares of Canopius Holdings in Bermuda...

CICA 2013: shaken but not deterred

The Captive Insurance Companies Association (CICA) 2013 International Conference had demographics and healthcare at the top of the agenda, but it had to make room for an earthquake...

Bahamas to diversify financial services

The Bahamas is looking to increase the competiveness of its financial services offering with the launch of new products, according to the domicile’s financial services minister...

Cayman captive is top of the class

A.M. Best has affirmed the financial strength rating of “A-(Excellent)” and an issuer credit rating of “a-” to Reaseguradora America SPC (RAM Re), based in the Cayman Islands...

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