The National Association of Insurance Commissioners (NAIC) has launched an educational initiative about the role state-based insurance regulation plays in strengthening the US economy...

Insurance group Ecclesiastical has promoted Mark O’Riordan to the head of group reinsurance, effective 1 July. O’Riordan will take over from Andrew Jones, who will retire at the end of 2014...

A.M. Best has downgraded the financial strength rating to B (Fair) from B+ (Good) and the issuer credit rating to "bb" from "bbb-" of Michigan Commercial Insurance Mutual (MCIM)...

Stonybrook Capital, a New York investment-banking firm that specialises in insurance, has advised Sawgrass Mutual Insurance Company on the completion of a successful strategic initiative...

Private US property and casualty insurers’ net income after taxes fell to $13.8 billion in Q1 of 2014 from $14.3 billion in Q1 of 2013, according to a report by PCI...

The NAIC Executive Committee has voted unanimously to accept the recommendation from its Governance Review Task Force to retain a consultant to assist in a comprehensive review of NAIC governance...

The next Market Re private placement cat bond by Jardine Lloyd Thompson Capital Markets (JLTCM), Market Re 2014-4, has closed at $30 million via two separate classes...

Montana licensed 47 new captives in 2013, bringing the state’s total entities to 150...

Marsh has launched its new Cyber IDEAL Model for risk managers to better protect their companies....

USA Risk Group, an independent captive management firm, is to open a new office in Nashville, Tennessee...

Aon Benfield has appointed Nick Ambriano as head of its US casualty facultative team...

Guy Carpenter & Company, LLC, has appointed Roelant de Haas as CEO of the Benelux region, effective 1 September...