The acquisition follows a series of moves by Risk Strategies to expand its presence in the West Region
AM Best has affirmed the financial strength rating of ‘A’ (Excellent) and the long-term issuer credit rating of ‘a+’ (Excellent) for Sooner Insurance Company, the Vermont-based captive insurer of ConocoPhillips
Piedmont Water Company has filed a lawsuit against the Internal Revenue Service (IRS) in US Tax Court over the disallowance of US$507,000 in tax deductions tied to its captive insurance arrangement
Kansas has become the latest US domicile to authorise protected cell captive insurance companies after Governor Laura Kelly signed House Bill 2334 into law earlier this month
Josh Smith has joined Alliant Insurance Services as senior vice president and sales director within its Employee Benefits division
Hylant and Toyota Tsusho America have launched Hylant Toyotsu Insurance Services to serve the insurance and risk management needs of Japanese-owned businesses operating in the US
The company has appointed Bernadette Flores as senior vice president of P&C to lead the new division
Kaj Samsom has been appointed commissioner of the Vermont Department of Financial Regulation (DFR), succeeding Sandy Bigglestone, who held the role in an acting capacity for four months
