Lottoland has been granted an insurance license by the Financial Services Commission in Gibraltar for its newly established protected cell company (PCC)

A.M. Best affirmed the rating of Marubeni Corporation’s Micronesia-domiciled captive, Marble Reinsurance Corporation, as “A- (Excellent)”

The US and EU have signed the bilateral covered agreement on insurance and reinsurance

A.M. Best has affirmed the financial strength rating of “A (Excellent)” and the long-term issuer credit ratings of “a” of Spirit Insurance Company and Radius Insurance Company, the captive insurers for Phillips 66

The liabilities relate to workers’ compensation policies issued between 1988 and 2012 to a US corporate from a large US carrier

A.M. Best has affirmed the financial strength rating of “A (Excellent)” and the long-term issuer credit of “a” of Eni Insurance Designated Activity Company (EID), a captive of Eni, a multinational oil and gas company based in Italy

A.M. Best has affirmed the financial strength rating of “A (Excellent)” and long-term issued credit rating of “a” of Sooner Insurance Company (Sooner), the captive insurer of ConocoPhillips

The Guernsey Financial Services Commission (GFSC) has launched a discussion paper seeking the industry’s feedback on the evolution of the island’s global and European insurance capital standards

The North Carolina Captive Insurance Association has issued a statement to clarify a memo discussing the 831(b) tax election and the impact on the state’s captive insurance industry should Congress repeal the election

XL Group has revealed its plans to move its principal EU insurance company, XL Insurance Company, from the UK to Ireland in 2018, in response to Brexit

Randall & Quilter (R&Q) Holdings has completed the novation of reinsurance policies issued between 2006 and 2011 from a Cayman domiciled group captive

Willis Re has appointed Thomas Wafer as chairman of the company’s North America business, effective October, while Jeffery Livingston has been named vice chair