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JLT's warning on UK floods

JLT Speciality warned that although the Statement of Principles has only ever related to residential and SME business, the change in underwriting policy could well flow into other commercial insurance...

ING appoints new chief risk officer

ING has recruited Doug Caldwell as chief risk officer of insurance and investment management for EurAsia. He has also been made a member of the management board insurance EurAsia, both roles will come into affect as of 1 December...

Vantage in Jersey appoints Giles Dalby

Jersey’s first specialist insurance manager, Vantage, has recruited Giles Dalby to cater for the increased interest in captive management services...

American Overseas moves out of Bermuda and into Barbados

American Overseas Group has announced it will re-domesticate its operating subsidiary, American Overseas Reinsurance Company (AORE), from Bermuda to Barbados. ...

A.M. Best brings the hammer down on healthcare RRG

A.M. Best Co. has placed a Charleston-based RRG under review after contingency issues, as well as a declining surplus level for policy holders...

Barclays appoints head of captive insurance

Barclays Wealth and Investment Management has recruited Simon Phillips to head up captive insurance...

Prism Assurance is looking strong

A.M. Best has affirmed the financial strength rating of “A- (Excellent)” and issuer credit rating of “a-” of Prism Assurance, the captive insurance company of Apogee Enterprises...

Marsh appoints Moylan as chairman of new venture

David Moylan has been recruited as chairman to lead Marsh’s newly created global surety practice...

Sort out governance to succeed at Pillar II, says Aon

Pillar II was on the agenda for Aon Global Risk Consulting, as the risk management arm of Aon outlined the current market trends and impact on captives of Solvency II...

NAIC CEO departs prematurely

The current CEO of the National Association of Insurance Commissioners (NAIC), Dr Therese Vaughan, has announced that she will be stepping down from her role earlier than planned...

VCIA forms captive coalition to tackle NRRA

A new coalition wants to have the Non-admitted and Reinsurance Reform Act (NRRA) clarified so that it does not apply to captive insurance...

Kevin O’Donnell is new president of RenaissanceRe

RenaissanceRe Holdings has named Kevin O'Donnell as its president & global chief underwriting officer...

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