Despite the mounting costs to the insurance industry caused by Superstorm Sandy, global insurance rates have continued to firm in Q4 of 2012 according to Marsh’s Global Insurance Market Quarterly Briefing...

Craig Cannonier has taken over as the premier of Bermuda, replacing Paula Cox who has held the position since October 2010...

BNP Paribas Securities Services has launched its new Solvency II Capital Requirement Solution (SCR)...

Healthcare benefits company, Aetna International, has appointed Caroline Pain as head of international marketing and Gary Impett as business development manager to strengthen its insurance business within continental Europe, Ireland and the UK...

Xchanging’s insurance software business, Xuber, has upgraded Brokasure Enterprise, its software package for brokers...

Guernsey-based protected cell company (PCC) Igloo—established exclusively for housing associations—has added three new associations to its business...

A.M. Best has affirmed the financial strength rating of “A-” (Excellent) and issuer credit rating of “a-” of Bison Insurance Company. The outlook for both ratings is stable...

Michael Mead has been appointed as new editor of Captive Insurance Company Reports (CICR), effective from its February 2013 issue....

SPARTA Insurance Company has appointed Mario Chiappetti as senior vice president of professional lines, effective immediately. Most recently, Chiappetti was vice president of marketing for Everest National Insurance Company...

The reinsurance arm of Quatar Insurance Company, Q-Re, has selected Xuber product Iris as the software package for its international platform...

A.M. Best has given a financial strength rating of “A++ (Superior)" and issuer credit rating of “aa+” to Tokio Millennium Re (TMR)...

The Delaware Captive Insurance Association (DCIA) has joined the Clarity for Captive Insurers Coalition (CCIC). The new coalition of the captive insurance industry was formed under the leadership of the Vermont Captive Insurance Association...