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Hiscox names Peter Clarke as new Chair
30 May 2025
Bermuda

Clarke will join the board on 1 June and will succeed interim chair Colin Keogh, who is stepping down from the board the following month

Nevada captive council appoints new board
29 May 2025
US

Josh Miller, CEO of KeyState Captive Management, has been elected as NCIC president, while Renea Louie, CEO of Sotera Global Management, has been re-elected as secretary

Novel Financial launches with MGU-focused strategy
29 May 2025
US

Novel’s business model combines fee-based income from insurance services with underwriting performance from its carriers

Hong Kong promotes re-domiciliation to Toronto insurers
28 May 2025
Canada

Hong Kong’s Secretary for Financial Services and the Treasury, Christopher Hui, promoted the city’s new re-domiciliation regime to Canadian insurers, including captives, during his visit in Toronto

UK and Saudi Arabia strengthen insurance education ties
28 May 2025
UK

Bayes Business School has signed a three-year education agreement with the Saudi Insurance Authority to support the development of insurance and actuarial expertise in the country

AM Best assigns ‘B++’ rating to Mondelez’s captive
27 May 2025
Netherlands

AM Best has assigned a financial strength rating of ‘B++’ (Good) and a long-term issuer credit rating of ‘bbb+’ to Berkeley Re, single-parent captive of Mondelez International

SiriusPoint names new strategy and development chief
27 May 2025
Bermuda

Global specialty (re)insurer SiriusPoint has appointed Philip Enan as chief strategy and corporate development officer

AM Best affirms ‘Excellent’ ratings for BNY Mellon’s captives
23 May 2025
Bermuda

AM Best has affirmed the financial strength ratings of ‘A’ (Excellent) and long-term issuer credit ratings of ‘a+’ (Excellent) for BNY Trade Insurance and The Hamilton Insurance Corporation

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