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Artex acquires Heritage Insurance Management

Artex Risk Solutions has acquired Heritage Insurance Management (HIM), the specialist captive and insurance management arm of Guernsey-headquartered Heritage Group...

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NIPR appoints executive director

The National Insurance Producer Registry’s (NIPR) board of directors has appointed Karen Stakem Hornig, the deputy insurance commissioner for the Maryland Insurance Administration, to executive director...

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Beecher Carlson to invest

Beecher Carlson Insurance Services, LLC, the large account subsidiary of Brown & Brown, is embarking on a number of strategic investments...

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CICA opposes captive revision

The Captive Insurance Companies Association (CICA) has officially expressed its objection to the Financial Regulation Standards and Accreditation (F) Committee’s proposed revisions to the definition of “multi-state reinsurer”...

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Clyde & Co open in South Africa

Clyde & Co is to open two new offices in Johannesburg and Cape Town...

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Arthur J. Gallagher to acquire Noraxis

Arthur J. Gallagher & Co. has signed an agreement to acquire Noraxis Capital Corporation...

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Barclays appoints new directors

Barclays Wealth and Investment Management has promoted Simon Phillips and Jenny Clayton to directors as part of this 2014’s promotions round...

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Global reinsurers improve combined ratio

A group of global reinsurers tracked by Fitch Ratings have improved their reinsurance calendar year combined ratio to 85.4 percent in 2013, compared with 89.3 percent in 2012...

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Kane USA hires client services director

Kane USA has appointed Mary Desranleau as client services director in its Vermont office...

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Puerto Rico authorises cat bonds and ILS

Catastrophe bonds and other Insurance Linked Securities (ILS) are now available in Puerto Rico following several amendments to articles within the country’s insurance code...

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ProMutual to acquire PPIC

Medical Professional Mutual Insurance Company (ProMutual), a Coverys member company, has entered into an agreement to acquire Preferred Professional Insurance Company (PPIC), located in Omaha, Nebraska...

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African natural disaster insurance commissioned

ARC Insurance Company has been launched as the first African catastrophe insurance pool, aiming to lessen the continent's reliance on foreign aid...

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