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“A” rating for Tugu Re

Fitch Ratings has affirmed PT Tugu Reasuransi Indonesia's (Tugu Re’s) National Insurer Financial Strength (IFS) rating at “A” with a stable outlook...

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Todd relocates to JLTIM Miami

Beverley Todd, executive vice president for international captive manager the JLTIM Bermuda operation, has relocated to Miami to help support the growth of its US-based captive insurance business...

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Bankers Assurance still stable, says A.M Best

A.M. Best has affirmed the financial strength rating of “B++ (Good)” and the issuer credit rating of “bbb” of Bankers Assurance, of Lebanon. The outlook for both ratings remains stable...

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Barclays boosts captive insurance team

Barclays has appointed Rob Le Page to the role of captive insurance relationship manager in the Isle of Man and has recently promoted two members of the captive insurance team...

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Ratings downgrade for Allied Professionals

The Financial Stability Rating (FSR) assigned to Allied Professionals Insurance Company, Risk Retention Group (RRG) has been downgraded to “A, Exceptional” by Demotech...

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Georgia passes captive tax changes

Georgia has passed HB 552, which focuses on changes in the tax structure for captive insurance companies domiciled in the state...

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Willis Mexico expands with Carsa acquisition

Willis Group Holdings has acquired Carsa Consultores, a broker in Mexico...

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AMI withdraws from A.M Best ratings

AMI Insurance Limited has withdrawn from the A.M. Best rating process despite receiving an affirmed financial strength rating of ”A-“ (Excellent) and issuer credit rating of "a-"...

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OIL shareholders to receive $400 million

Oil Insurance Limited (OIL) has declared a $400 million dividend and announced its first Asian member during its 2015 Shareholder’s Annual General Meeting (AGM)...

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MiniCo introduces new insurance solution

MiniCo Insurance Agency, a member of the Aran Insurance Services Group, has introduced a new tenant insurance solution for self-storage owners and operators beginning in April 2015...

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Willis names Bermuda leader

Willis Bermuda has appointed Paul Scope as chairman, encompassing all of the firm’s operations on the island...

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Hamilton Insurance acquires Sportscover and Kinetic

Hamilton Insurance Group has completed the acquisition of Sportscover Underwriting, a Lloyd’s managing agent which manages Syndicate 3334, and Kinetic Insurance Brokers, a Lloyd’s insurance broker...

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