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SmartStream rolls out AI reconciliation tool for insurers
20 June 2025
UK

SmartStream has announced the expansion of its AI-powered data management platform, SmartStream Air, into the insurance sector

AM Best affirms ‘Excellent’ ratings for Shell’s captives
20 June 2025
US

AM Best has affirmed the financial strength ratings of ‘A’ (Excellent) and long-term issuer credit ratings of ‘a+’ (Excellent) for Solen Versicherungen (SV) in Switzerland and Noble Assurance Company in Texas

Industry groups urge repeal of IRS rule on micro-captives
19 June 2025
US

The 831(b) Institute has joined over two dozen organisations in asking the US Treasury and the Internal Revenue Service (IRS) to withdraw a new rule affecting micro-captive insurance companies

Fitch maintains neutral outlook for European insurers at mid-2025
19 June 2025
UK

Fitch Ratings has maintained its ‘neutral’ outlook for the European insurance sector at mid-year 2025, citing stable business conditions despite a weaker economic backdrop and increased market volatility

Hamilton appoints new executives in London and Bermuda
19 June 2025
Bermuda

Adrian Daws has been appointed CEO of Hamilton Re in Bermuda, with his current role as CEO of Hamilton Global Specialty in London to be filled by Alex Baker

Tokio Marine names Geary as head of North America P&C
18 June 2025
US

Tokio Marine HCC has appointed Elizabeth Geary to the newly created role of president and CEO of its North America property and casualty (P&C) business

AM Best withdraws credit rating of Transmonde Services
18 June 2025
Bermuda

Based in Bermuda, Transmonde operates as a single-parent captive for its Swiss-listed parent SGS

Alta co-founder fined over micro-captive scheme
18 June 2025
US

The Internal Revenue Service (IRS) has reached a settlement with Bruce Molnar, co-founder and majority owner of Alta Holdings, over the promotion of micro-captive insurance arrangements

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