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York Risk Services appoints new president

Rick Stasi has become president of York Risk Services Group’s alternative risk solutions division...

Global insurance and reinsurance company’s captive is on the up

A captive of Sydney-based QBE Insurance Group has had its financial strength rating upgraded to “A- (Excellent)” from “B++ (Good)” and its issuer credit rating upgraded to “a-” from “bbb”...

Concordis names new CEO

Concordis Group’s board of directors has selected Thomas Blake as the company's new CEO...

NAIC chief resigns

Dr Therese Vaughan will step down as CEO of the National Association of Insurance Commissioners (NAIC) during Q1 2013 due to family obligations and a desire to revise a textbook...

Roofing captive becomes Canada’s first

Canadian roofing firm Penfolds Roofing has launched a captive insurance company to write customers’ warranty insurance. The captive launched on August 1 under the management of Aon Insurance Managers...

Omnium rated AA-

Omnium Insurance and Reinsurance, , has been rated as AA-, the same rating given to its parent company, French oil and gas firm Total S.A...

Kane promotes and hires for US arm

Kane has made a number of key appointments within its US operations. Ann West has been promoted to operations director of its US captive management operations...

VCIA conference: one moment of clarity

Congressman Peter Welch told attendees of the Vermont Captive Insurance Association (VCIA) conference that he is trying to get the US Dodd-Frank Act clarified for the benefit of the captive insurance industry...

New York cracks the whip on captives

It has been reported that the New York Department of Financial Services has sent letters to 80 insurance companies regarding their handling of captive insurance companies...

VCIA conference: back to basics

The Vermont Captive Insurance Association (VCIA) conference kicked off with a comprehensive panel discussion on setting up a captive...

Net income shrinks for US captives

A composite of 209 U.S. captive insurance entities and alternative risk vehicles followed by A.M. Best saw 2011 net income decrease by $537 million, or 21 percent...

Atlanta accounting firm GH&I heads to the Caymans

Atlanta accounting and advisory firm Gifford, Hillegass & Ingwersen LLP has opened an office in the Cayman Islands to serve hedge fund and alternative investment fund clients...

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