South Africa’s Prudential Authority has fined energy captive Escap SOC R5 million for breaching section 167(1) of the Financial Sector Regulation Act 9 of 2017

AM Best has affirmed the financial strength rating of A (Excellent) and the long-term issuer credit of “a-” (Excellent) of KW Specialty Insurance

Arch Insurance has acquired insurtech platform Thimble to expand its suite of digital solutions for small business insurance

Corvus Insurance has launched a new programme with Core Specialty to support the expansion of its E&O and cyber product

BIBA has partnered with Lloyd’s of London as part of a wider effort to help drive technological innovation and insurance solutions

CAC Specialty has formally launched its healthcare division and appointed J. Kevin Carnell as its executive chairman

The U.S. Treasury Department and IRS have issued proposed regulations to identify certain micro-captive transactions as "listed transactions" and "transactions of interest"

Ascot has appointed Mark Totolos (pictured) to its newly created role of senior vice president, captive solutions, US

Specialty reinsurer Canopius Group has partnered with FIG to offer inland marine coverage in the US

Talisman Casualty Insurance Company is using new technology to offer tailored claims management for all its insureds protected captive cell insurance needs

Kin Insurance’s reciprocal carrier The Kin Interinsurance Network has secured a second US $100 million multi-year private placement catastrophe bond with special purpose insurer Hestia Re

GC&C France has appointed Aurélie Julie Beuffé (pictured) as head of client broker relationship management, effective 1 June 2023