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AM Best affirms “excellent” rating of Isle of Man’s National Grid captive

AM Best has affirmed the financial strength rating of A- (Excellent) and the long-term issuer credit rating of “a-” (Excellent) of National Grid Insurance Company (NGICL)

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Governor Lamont signs new Connecticut captive insurance law

Connecticut Governor Ned Lamont (pictured) has signed Public Act 23-15 into law.

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Marsh, Aon and Lloyd’s to support Ukraine’s insurance market

Marsh McLennan (Marsh) has announced that it will work with the Ukrainian government to help it access the global insurance market

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CAC Group appoints Joost and Rice to leadership roles

CAC Group has appointed Eric Joost as chief operating officer and Grantland Rice as chief administrative officer

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Oklahoma Insurance Department submits comment on proposed IRS captive regulations

The Oklahoma Insurance Department (OID) has submitted comment in reference to regulations proposed by the U.S. Treasury Department and the Internal Revenue Service (IRS)

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Airmic updates captive governance guide

Airmic has updated its captive governance guide

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Arbol and The Institutes RiskStream Collaborative launch peril events data tool

The blockchain-powered platform calculates parametric loss for severe storm catastrophe transactions

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Guy Carpenter appoints Vincenzo Cacica as CEO of Italy

Based in Milan, he will report to Dorothée Mélis-Moutafis, interim CEO of Europe, and will be responsible for overseeing all broking activities across the country

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Skyward Specialty Insurance Group welcomes Robert Nizzi

Texas-based Skyward Specialty Insurance Group (Skyward) has appointed Robert Nizzi to lead its captive division

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Guernsey Finance appoints new deputy chairman

Boscher will take up the role alongside his responsibilities as chief investment officer at Ravenscroft, the Guernsey-based investment services group

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Kara Ebanks named CIMA head of insurance supervision

Kara Ebanks has been appointed as the Cayman Islands Monetary Authority’s (CIMA) head of insurance supervision division

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Grainne Richmond to join BDA

Grainne Richmond has been elected to join Bermuda Business Development Agency’s (BDA) board of directors

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