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Bermudian mutual insurer gets rated

Associated Electric & Gas Insurance Services (AEGIS) has been assigned the financial strength rating of “A- (Excellent)” and issuer credit rating of “a-” by A.M. Best...

Guy Carpenter focuses on mutual insurance companies

Guy Carpenter & Company has launched a mutual company specialty practice that will focus solely on the unique needs of mutual insurance companies...

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Vermont welcomes Crosby Sherman back into the fold

Vermont native Crosby Sherman is returning to the state to take up the role of deputy commissioner of the insurance division at the Vermont Department of Financial Regulation...

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Madison Insurance withdraws from the rating game

A.M. Best has downgraded the financial strength rating to “B- (Fair)” from “A- (Excellent)” and the issuer credit rating to “bb-“ from “a-“ of Madison Insurance Company...

Pro Insurance Solutions expands with new Zurich office

Pro Insurance Solutions has opened its first office in continental Europe. The new Zurich office reinforces Pro’s aim to expand its global consultancy service offering...

NC captive legislation is official

North Carolina governor Par McCrory has signed the NC Captive Insurance Act into law. The bill received unanimous support in all committees and both legislative chambers on all three readings...

CICA sides with NAIC on shadow insurance claims

CICA has acknowledged NAIC president Jim Donelon for his refusal to implement the call for a national moratorium on captive insurance transactions made by Benjamin Lawsky...

R&Q acquires MPPA Insurance

Randall & Quilter Investment Holdings has acquired MPPA Insurance. R&Q will receive by way of novation all contracts underwritten by MPPA...

A.M. Best Europe rates German captive

A.M. Best Europe has affirmed the financial strength rating of “A (Excellent)” and issuer credit rating of “a” of Delvag Luftfahrtversicherungs-AG and its subsidiary, Delvag Rueckversicherungs-AG...

Vermont tweaks captive legislation

Amendments to Vermont’s captive legislation recently signed into law could strengthen the state’s regulatory outlook for insurance companies...

Success all round for Radius Insurance

A.M. Best has awarded the financial strength rating of “A (Excellent)” and issuer credit rating of “a” to Radius Insurance Company, based in the Cayman Islands...

SRS hires Kenneson to expand captive market

Strategic Risk Solutions has named Jeff Kenneson as senior vice president of client development. He will co-ordinate the firm’s business development efforts with a particular focus on expanding SRS’s presence in the small captive market...

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