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NexFrontier Risk Intelligence launches
15 May 2025
Singapore

The firm is led by Randy Liu, who brings more than 20 years of experience in catastrophe risk, technology, and the (re)insurance industry, including senior roles at SCOR

WTW names Ware as Head of Asia
15 May 2025
Singapore

Luke Ware brings more than 20 years of experience in broking and risk management, having worked across insurance markets in Australia, London and Asia

Washington fines Maple Shade Assurance’s captive cell
14 May 2025
US

The Washington State Office of the Insurance Commissioner has fined one of Maple Shade Assurance’s segregated cells US$5,000 for operating as a captive insurer in the state without registration

BIBA appoints Caroline Barr as incoming Chair
14 May 2025
UK

Caroline Barr has been named the next Chair of the British Insurance Brokers’ Association (BIBA), succeeding Jonathan Evans at the end of 2025

New York authorises Javits Center to form a captive
13 May 2025
US

Though the structure has yet to be outlined, the move is expected to help the Javits Center manage its insurance needs more directly and reduce reliance on the commercial market

Arizona lowers capital requirements for captives in latest bill
12 May 2025
US

Arizona Governor Katie Hobbs has signed HB 2193 into law, which reduces the minimum capital and surplus requirements for protected cell captive insurers to US$250,000

AM Best affirms ratings for NiSource's captive
12 May 2025
US

AM Best has affirmed the financial strength rating of ‘A’ (Excellent) for NiSource Insurance Corporation, a single-parent captive insurer of NiSource

IHC unveils AI-driven reinsurance platform in Abu Dhabi
09 May 2025
UAE

IHC is set to launch a global reinsurance platform headquartered in Abu Dhabi Global Market (ADGM), in partnership with BlackRock and Lunate

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