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‘Excellent’ ratings for Saudi Arabian Oil Company’s captive
20 October 2020
London Reporter Maria Ward-Brennan

A.M. Best has affirmed the financial strength rating of A and the long-term issuer credit rating of “a” of Stellar Insurance, a subsidiary of Saudi Arabian Oil Company, based in Bermuda

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LMG provides update on new trading opportunities to drive growth
19 October 2020
London Reporter Maria Ward-Brennan

Sean McGovern, sponsor of the Government workstream, revealed that work is being done with campaigns to promote market innovations and ensure that the Government positions the London Market as an attractive market for foreign investment

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Oklahoma completes first IBT in US
16 October 2020
Oklahoma Reporter Maria Ward-Brennan

The District Court of Oklahoma County has approved the Providence Washington Insurance Company to complete its insurance business transfer plan

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DARAG to sell non-legacy Italian business to NOBIS
16 October 2020
Italy Reporter Maria Ward-Brennan

DARAG Group has reached an agreement with NOBIS Compagnia di Assicurazioni for the sale of the going concern business from DARAG Italia S.p.A, subject to regulatory approval

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Construction industry show increased interest in captives
16 October 2020
Tennessee Reporter Maria Ward-Brennan

An increasing number of construction companies have explored the option of a captive insurance company during the COVID-19 pandemic, according to CIC Services, a captive consulting firm

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Judge dismisses court case against captive accused of violating ERISA
16 October 2020
New York Reporter Maria Ward-Brennan

A US Judge has dismissed a court case involving the captive insurance company of Preferred Home Care of New York and Edison Home Health Care, where it was accused of violating ERISA

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R&Q reports positive H1 figures for its legacy insurance business
14 October 2020
Bermuda Reporter Maria Ward-Brennan

Randall & Quilter Investment Holdings has revealed an increase of 81 percent in acquired net reserves for H1 2020, following the completion of a record nine transactions

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