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South Carolina Senate confirms Wise as Department of Insurance director

Michael Wise has been confirmed by the South Carolina Department of Insurance to serve as director permanently

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Raun appointed director of client consulting at BevCap Management

Ben Raun has been appointed director of client consulting at BevCap Management

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Florida Senate Bill 516 fails to pass into law

While the Bill successfully came out of every committee — including final passage by the House of Representatives in recent weeks — the legislative session ended on 5 May, with no further action taken since

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ICEYE and Global Parametrics launch parametric risk transfer solution

Natural catastrophe solutions and insights provider ICEYE has partnered with Global Parametrics to develop parametric risk transfer solutions

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Hylant acquires Aegis Insurance Services

Hylant has acquired moving and storage industry insurance firm Aegis Insurance Services. The company now operates as Aegis Insurance Services, powered by Hylant

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Mosaic to underwrite primary cyber insurance globally

As part of the initiative, the specialty insurer will embed real-time cyber-risk data into its underwriting processes in partnership with SaaS software firm Safe Security

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BIBA’s CEO Steve White set to retire

The longest-serving CEO in the association’s 47-year history, White plans to leave the association in the second half of this year

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Ocorian welcomes Sarah Grantham to capital markets team

Based in London, Grantham will be responsible for supporting growth in Ocorian’s loan agency and trustee services with a focus on direct lending, leveraged finance, restructuring, debt capital markets and escrow transactions

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Tennessee licenses 1000th risk-bearing entity

The Tennessee Department of Commerce and Insurance’s Captive Insurance Section has licensed its 1000th risk-bearing entity

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Richard Foulger departs AEGIS London

AEGIS London’s head of claims Richard Foulger (pictured right) is to retire in June after a 23-year tenure with the company. He will be replaced by Kerry Williams (pictured left), currently deputy head of claims

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Sutherland and Bold Penguin partner on commercial insurance solutions

Digital transformation technology and service provider Sutherland has partnered with digital commercial insurance platform Bold Penguin

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AM best revises ratings from negative to stable for QBE’s key subsidiaries

AM Best has revised the outlook of the long-term issuer credit ratings (ratings) of QBE Insurance Group’s key operating subsidies from negative to stable

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