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NAIC elects 2014 officers

Members of the National Association of Insurance Commissioners (NAIC) have elected its officers for 2014...

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Basic capital consultation begins for G-SIIs

The International Association of Insurance Supervisors (IAIS) has released for public consultation proposed options for the development of basic capital requirements for global systemically important insurers (G-SIIs)...

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Willis appoints Sarah Turvill to limited board

Willis, the global risk adviser, insurance and reinsurance broker, has appointed Sarah Turvill as a non-executive director to the Willis limited board...

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Oil and gas company captive receives affirmations

A.M. Best has affirmed the financial strength rating of “A+ (Superior)” and issuer credit rating of “aa-” to Noble Assurance Company, which is based in Burlington, Vermont...

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Fitch upgrades Black Gold Re

Fitch Ratings has upgraded Black Gold Re’s insurer financial strength rating to “BBB+” from “BBB”, and revised its outlook to stable from positive...

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PRA expects Solvency II compliance

The Prudential Regulation Authority (PRA) has held a Solvency II conference in London...

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Hurricane report finds lowest figures since 1982

The Willis Re hurricane report has found that there were fewer hurricanes in 2013 than in any previous year since 1982...

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Delaware RRG liquidated

The United Contractors Insurance Company, a risk retention group based in Delaware, has been liquidated...

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North Carolina hosts first captive seminar

Insurance commissioner Wayne Goodwin delivered the keynote presentation, "Why North Carolina?", to the first captive seminar held in North Carolina...

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Insurers cite global pandemic as extreme risk

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Chinese commission encourages RLS

The National Development and Reform Commission is encouraging Chinese businesses to issue catastrophe bonds to soften the impact of climate change...

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AM Best downgrades National Contractors Insurance

AM Best has downgraded the financial strength rating of the National Contractors Insurance Company following the erosion in policyholders’ surplus and risk-adjusted capitalization through the third quarter of 2013...

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