The State of Washington Office of the Insurance Commissioner has issued a cease and desist order to Microsoft’s Arizona-based captive, Cypress Insurance

DARAG and New Nordic Advisors will acquire two portfolios of Qudos Insurance A/S, the control of which New Nordic acquired in 2017 via a joint cell structure

Public accounting, consulting and technology firm Crowe Horwath will begin practicing under a new name, Crowe

The Connecticut General Assembly has passed a new bill authorising agency captive insurance companies in the state

The District of Columbia Council has passed a new bill that updates its captive insurance legislation to authorise the government-run captive, District of Columbia Captive Agency, to write more diverse risks

A.M. Best has revised the outlook for the long term issuer credit rating of Energy Insurance Mutual from stable to positive

National Grid Insurance has had its financial strength rating of A (Excellent) and the long term issuer credit rating of “a” affirmed by A.M. Best

Independent legacy acquirer Compre has appointed Simon Hawkins as COO

The Bermuda captive market saw five new captive formations in the early part of this year and is looking “pretty healthy”, according to Jereme Ramsay, business development manager at the Bermuda Business Development Agency

Brazilian insurer J.Malucelli Seg and its captive reinsurer J.Malucelli Re have had their financial strength ratings of A- (Excellent) and long term issuer credit ratings of “a-” affirmed by AM Best

Storm-related damage was estimated to cost $2.3 billion in the US in April, with public and private insurers expected to pay out at least $1.5 billion in claims, according to a report by Aon Benfield

JLT Insurance Management has bolstered its US team with the addition of four senior executives, with Stacy Riley appointed as its new assistant captive practice leader