The UK government has vowed to take the necessary steps to attract insurance-linked securities (ILS) business, such as catastrophe bonds, into the country...
Aon Benfield’s catastrophe model development team has introduced a new suite of terrorism solutions spanning the broking, consulting and reinsurance spectrum, in order to allow insurers to better understand terrorism risk...
Texas is considering legislation advanced by the Texas Captive Insurance Association (TxCIA) in HB 1700 and SB 667, which would authorise pooling, credit for reinsurance, and equity dividends...
An official comment letter submitted by RIMS, the risk management society, to and at the request of the US Department of the Treasury has provided recommendations for expediting the process for certifying acts terror...
JLT Re in North America has appointed Matthew Robertson as senior vice president...
The Caribbean general insurance market remains profitable, albeit challenging, for participants, according to the latest special report by A.M. Best...
Frates Reinsurance Intermediary is to launch three new insurance programmes in early 2015—the Nursing Home WC Captive Program, Non-Subscribers Program in Texas and Healthcare Cyber Liability Program...
Fitch Ratings has affirmed MMI Group, Guardrisk Insurance Company and Guardrisk Life's national Insurer Financial Strength (IFS) ratings at "AA+(zaf)". The outlooks are stable...
A.M. Best has assigned a debt rating of “a+” to the $1.2 billion 5.75 percent secured support notes, due 31 December 2058, issued by Redding Funding, a Nova Scotia company and a wholly owned subsidiary of Wilton Re. The rating outlook assigned is
The National Association of Insurance Commissioners (NAIC) has responds to meet state insurance department cybersecurity needs, with two draft documents now exposed for comment...
Nicholas Hales has stepped down as CEO at Randall & Quilter (R&Q) following the recently announced completion of the sale of R&Q Marine Services to Hiscox...
A.M. Best has affirmed the financial strength rating of “A” (Excellent) and the issuer credit rating of “a” of Palms Insurance Company. The outlook for both ratings remains stable...