The Guernsey Financial Services Commission (GFSC) has released a new set of rules to clarify the regulatory treatment of collaterised reinsurance, including insurance-linked securities (ILS)...
Randall & Quilter Investment Holdings has completed the novation by Georgia Atlantic Insurance, a wholly owned, Bermuda-based captive, of the Coca-Cola Bottlers’ Association...
Construction company Skanska has sold 100 percent of its share capital in its Luxembourg captive, Scem Reinsurance, to ArcelorMittal, a steel and mining company...
Disclosure of captive exposures to certain long-term and universal life insurance policies has improved among life insurers, but it has also revealed additional problems, according to Moody’s Investors Service...
Private equity firm Acuity Investment has released a proposal to acquire a Pro Global Insurance Services company, subject to shareholder and regulatory approval...
A.M. Best has downgraded the financial strength rating of Security America Risk Retention Group (SARRG), based in Burlington, Vermont, from “B++ (Good)” to “B+ (Good)”...
Barton Hedges, CEO of Greenlight Re, will step down from the role after 11 years of service, effective from 31 March next year...
JLT Re has purchased StoneHill Reinsurance Partners, a reinsurance intermediary focusing on medical professional liability...
Members of the National Association of Insurance Commissioners (NAIC) have elected the association’s officers for 2017...
The Bermuda Business Development Agency (BDA) has appointed Andrea Jackson and Stephen Weinstein to its board of directors...
Captive Alternatives (CapAlt) has received permission from the commissioner of insurance in Puerto Rico to increase the client base for its Protected Captive product to 2,000...
UK government advisor Michael Wade opened the recent City & Financial Global’s conference on insurance-linked securities (ILS) in London by calling the introduction of a bespoke regime for the popular financial instruments a potential “game chang