Vantage Limited has formed the first protected cell captive insurance company in Jersey. Black Pearl Insurance 1 PC will insure the professional liability risks for a financial services business...

According to a new report, growing uncertainties in the global economy and frequent rises in the commercial insurance industry have encouraged companies from diverse industries to set up their own captive insurance businesses...

Willis Group Holdings has appointed Todd Jones as CEO of Willis North America, the company’s largest business segment...

Moody’s Investor Services has affirmed Rivoli Reinsurance Company’s global local currency "A2" insurance financial strength rating...

The Association of British Insurers and the UK government have agreed a memorandum of understanding on the development of a not-for-profit insurance scheme, called Flood Re...

The International Underwriting Association has elected Malcolm Newman as its new chairman. Newman is managing director of SCOR’s London Hub...

A recent State Street survey on the insurance industry, conducted by The Economist Intelligence Unit, has shown that more than a quarter of insurance firms globally are experiencing difficulties in managing risk...

A.M. Best has upgraded the financial strength rating to “A (Excellent)” from “A- (Excellent)” and issuer credit rating to “a” from “a-” of Transportation Property and Casualty Company (TPCC)...

SPARTA Insurance Company has promoted Tom Colosi to chief underwriting officer. He previously held the role of senior vice president of underwriting...

The Dublin Insurance & Management Association has elected five directors to its board at its annual general meeting...

John Talley has been named acting chief of captive insurance at the New Jersey Department of Banking & Insurance...

The Federation of European Risk Management Associations elected four members to serve on its board for the next three years at the general assembly on 20 June...