A new law has been passed handing over the licensing and supervision of reinsurance companies to the Qatar Central Bank (QCB)...

The departing chairman of the subcommittee of insurance in the House of Representatives, Judy Biggert has reaffirmed that the Nonadmitted and Reinsurance Reform Act (NRRA) was never intended to apply to captive insurance...

A.M. Best has affirmed the FSR of "A- (Excellent)" and ICR of “a-” of Lion Reinsurance Company, a start-up in Bermuda...

The Coca-Cola Company could expand the use of its captive insurance company Red Re to fund additional benefits risks, including life insurance and accidental death and dismemberment (AD&D) policies from Metropolitan Life Insurance...

JLT Reinsurance Brokers has appointed Paul Thyer as partner...

A.M. Best Co. has affirmed the financial strength rating (FSR) of A (Excellent) and issuer credit rating (ICR) of “a” of ASSA Compania de Seguros, S.A. in Panama...

Global risk and reinsurance specialist Guy Carpenter & Company has released its 2013 global renewal report, The Route to Profitable Growth, displaying that the reinsurance sector enters this year with ample capital and stable pricing...

Development testing company Coverity has appointed executive vice president and CFO of the San Diego Padres, Fred Gerson, to its board of directors as chairman of the board’s audit committee...

The Connecticut Captive Insurance Association (CCIA) has launched a new website providing information on the state’s captive insurance initiative...

Spring Consulting Group has landed a US patent covering a business method for alternative funding of employee and retiree benefits...

A.M. Best has awarded the financial strength rating of “A” (Excellent) and issuer credit rating of “a” to Bermuda-based Evergreen Reinsurance Company (ERCL). The outlook for both ratings is stable...

A.M. Best has withdrawn the financial strength rating of “B++ (Good)" and issuer credit rating of “bbb” of Guilderland Reinsurance Company (GRC) due to its inactivity over the last two years and the run off of its loss reserves...