A.M. Best has downgraded the financial strength rating to “B (fair)” from “B+ (Good)” and issuer credit rating to “bb” from “bbb-” of National Contractors Insurance Company (NCIC)...

Randall & Quilter Investment Holdings has completed the acquisition of the entire issues share capital of Woodcroft Insurance Company, a Guernsey domiciled captive insurer...

A.M. Best has assigned a financial strength rating of “A- (Excellent)” and an issuer credit rating of “a-” to Mountain States Healthcare Reciprocal Risk Retention Group...

A Bermudan fund administrator has announced a client base exceeding $1 billion in assets under administration...

The Bermuda Business Development Corporation has welcomed the Bermuda Monetary Authority’s new registration figures for the period ending July 2013...

A report on innovation in the insurance sector has revealed an increase in patent filings...

George Sumner has confirmed that he has resigned from his position as captive insurance administrator and deputy commissioner at the Department of Commerce & Consumer Affairs...

The sixteen member governments of the Caribbean Catastrophe risk Insurance Facility have renewed their hurricane and earthquake insurance for the 2013/14 policy year...

The NAIC has passed a resolution supporting the reauthorisation of TRIA that is set to expire in December 2014...

A.M. Best has affirmed the financial strength rating of “A- (Excellent)” and the issuer credit rating of “a-” of Attorneys Insurance Mutual of the South RRG (AIM). The outlook for both ratings is negative...

The Bermuda Monetary Authority (BMA) has registered 47 new insurers for the period ending July 2013, an 81 percent increase year-on-year...

Sunshine State Insurance Holdings Corporation has contributed $2 million cash to its captive insurance company’s surplus...