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Third Point gets top grades from A.M. Best

A.M. Best has affirmed the financial strength rating of A- (Excellent) and issuer credit rating of "a-" of Third Point Reinsurance Company (TP Re) in Bermuda...

Hylant goes for William Irle

Hylant, a privately owned insurance brokerage firm, has hired William Irle as its captive risk practice leader...

Law firm Bedell Cristin hires for Guernsey

Bedell Cristin in Guernsey has recruited Kerrie Le Tissier as a senior associate. Lay has offshore legal experience, specialising in non-contentious private client and trust matters...

Ben Nelson is NAIC’s new CEO

Former Nebraska Senator Ben Nelson has been named CEO of the National Association of Insurance Commissioners (NAIC)...

Carey Olsen and Hempel and Boyd are new double act

Offshore law firms Carey Olsen and Hempel and Boyd announced that they will be entering into an association to provide their clients with BVI, Cayman Islands, Guernsey and Jersey legal services...

Captives are the Caymans’ golden ticket

The Cayman Islands Monetary Authority (CIMA) received 67 applications for new captive licenses in 2012, with 52 licenses granted...

Crusader and Lionheart go all or nothing

The Crusader International Group of companies and its US affiliates in the Lionheart Insurance Group will bring all of their entities together under the Advantage brand...

RRGs are stable for now, say Demotech

Risk retention groups (RRGs) continue to exhibit financial stability, according to Q3 2012 reported financial information...

Insurance linked securities business pleases Bermuda

Bermuda is increasingly taking up global special purpose insurer (SPI) and insurance linked security (ILS) business, according to September 2012 insurer registrations...

Randall & Quilter cancels and rewrites

Randall & Quilter Investment Holdings has effected a novation of policies from SL Insurance Limited to R&Q Insurance (Guernsey)...

Montana's captive intake surpasses Vermont's

The Montana Captive Insurance Association (MCIA) reported 34 new captive insurance company licenses were issued in Montana during the past year, bringing the total number of licensed captives in the domicile to 114...

Groundbreaking court case for reinsurers gets underway

The upcoming court case of AstraZeneca Insurance Company versus XL Insurance (Bermuda) and Ace Bermuda Insurance will have far-reaching implications for reinsurers worldwide...

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