A.M. Best has affirmed the financial strength rating of A- (Excellent) and long-term issuer credit rating of “a-” of Nova Casiopea Re

The acquisition provides members of AggCap II with full legal finality, elimination of operating expenses, and a release of capital

Crowe’s senior audit manager Erin Hackett has been appointed to the CICA board of directors

W.R. Berkley Corporation has formed Oak Harbor Reinsurance Company, a protected cell captive insurance company, which was licensed by the North Carolina Department of Insurance on 25 November

A.M. Best has affirmed the financial strength rating of “B++” (Good) and the long-term issuer credit rating of “bbb+” of AES Global Insurance Company

Former Atlas Insurance Management business development manager, Brian Flinchum, has re-joined the captive industry by starting his own consulting company, based out of Jacksonville, Florida

A.M. Best has affirmed the financial strength rating of A (Excellent) and the long-term issuer credit rating of “a” of Park Assurance Company

The ratings reflect AGRe’s balance sheet strength, which A.M. Best categorises as “adequate”, as well as its “adequate” operating performance, neutral business profile and very strong enterprise risk management

The Tennesee Department of Commerce and Insurance commissioner Hodgen Mainda has appointed Michael Corbett and Jennifer Stalvey to new leadership roles in the department

The ISME Association explained that in time this could lead to the formation of a captive insurer in one or more sectors

A.M. Best has affirmed the financial strength rating of A+ (superior) and the long-term issuer credit ratings of “aa” of Minnesota Life Insurance Company and its subsidiary, Securian Life Insurance Company

Blockchain-based digital certificate of insurance provider Certificial has recruited Richard Magrann-Wells as its new COO, based in New York City