The State of Vermont soldiered on at a steady pace in 2012, licensing 32 new captives with strong showings by the construction and manufacturing sectors, which each had five new licensees...
New catastrophe bond issuance reached $6.25 billion for 2012 as a whole – the highest insurance-linked securities issuance volume since 2007, said Aon Benfield...
DUAL, the underwriting arm of Hyperion Insurance Group, announced today the strengthening of its risk and governance functions with a number of senior management appointments...
On December 21, 2012 Allianz Global Corporate & Specialty AG (AGCS) received its local reinsurer’s license in Brazil from the Superintendência de Seguros Privados (SUSEP)...
Everest Re has formed Mt Logan Re, a new special purpose reinsurer for the global property and catastrophe market. Its initial funding target is $250 million and Rick Pagnani will take the lead as CEO...
A.M. Best has assigned a financial strength rating of "A- (Excellent)" and issuer credit rating of “a-” to NEWGT Reinsurance Company in Bermuda...
Heritage International Fund Managers in Malta has appointed Nicholas Warren as head of office...
Randall & Quilter Investment Holdings (R&Q) has acquired the entire issued share capital of Hickson Insurance Limited (HIL), an Isle of Man-domiciled captive insurer, for £525,000...
Grant Thornton has recruited Lori Davis, Wichita office managing partner, to the partnership board. Davis is also a partner in Grant Thornton’s tax services practice...
Kane has made Carlos Oliveras its managing director in the US and Stephen White its business development director for the US and Canada...
Life insurance companies are continuing to undertake “redundant” reserve financings and are now mainly using domestic captive subsidiaries/affiliates, said A.M. Best in a report...
Insurance broker and risk management firm, Beecher Carlson, has named Bruce Dortort as senior vice president of risk control...