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JLTCM closes $10 Million cat bond

Jardine Lloyd Thompson Capital Markets (JLTCM), which is part of JLT Towers Re, has arranged another private placement catastrophe bond, Market Re 2014-1, which closed at $10 million...

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Insurance industry optimistic for growth

Insurance executives and intermediaries expect the sector to enjoy good growth over the next three to five years, according to research from information management firm EDM Group...

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Vermont's first director of captive insurance passes away

Captive insurance pioneer Edward “Ed” Meehan has passed away aged 73 at his home in North Fort Myers, Florida, after a prolonged illness...

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Guernsey enjoys captive growth

The Guernsey Financial Services Commission (GFSC) licensed 99 new international insurers in the 12 months to the end of March...

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BP captive gets A- from A.M. Best

A.M. Best has affirmed the financial strength rating of A- (Excellent) and issuer credit rating of "a-" of Saturn Insurance of Burlington, Vermont...

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Japanese captives still lagging

Japanese-owned captive insurers remain a small fraction of the total number of captives globally, primarily due to the close relationship between the country's insurance companies and industrial groups, according to a new report from A.M. Best...

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Towers Watson brings in investment consultant

Towers Watson has recruited a new senior investment consultant, Keith Goodby, for its insurance investment advisory group...

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Guy Carpenter & Company LLC makes dual hire

Guy Carpenter & Company has hired Christopher Moresco and Charlene Cass in its mutual company specialty practice...

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A.M. Best praises Pacific Lighthouse strength

A.M. Best has assigned a financial strength rating of “A- (Excellent)” and an issuer credit rating of “a-” to Pacific Lighthouse Re LLC (PLRL)...

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Willis Group hires new Netherlands CEO

Willis Group has hired a new CEO to overtake former chief executive officer, in its Netherlands branch, Willis BV....

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Colosi the next Great American (employee)

Tom Colosi has joined Great American Insurance and will serve in its alternative markets division as divisional vice president of group captives...

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Marsh charts captive evolution

Marsh's annual captive benchmarking report has found that only one-third of US captive owners treat their captives as insurance companies for US federal income tax purposes...

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