AM Best affirms the financial strength rating of ‘A-’ (Excellent) and the long-term issuer credit rating of ‘a-’ (Excellent) of National Grid Insurance Company (Isle of Man) Limited, a captive insurer of National Grid.
Strategic Risk Solutions (SRS) hosts its Captive Academy on 28 September as part of the South Carolina Captive Insurance Association’s 25th annual executive educational conference.
Ide8 Re now takes no share of Bamboo's largest programme, down from 12.5 per cent two years ago, though the company says it will keep nominal retention. The Bermuda move was still incomplete when the filing was made.
Saturn has surrendered its insurance licence to the Vermont regulator and settled all of its insurance liabilities, leaving AM Best unable to produce a final rating opinion.
Zurich appoints John Diaz as president of US middle market, programmes, direct markets and captives, effective immediately.
Miller launches Miller Malaysia under a Labuan licence, extending the specialist reinsurance broker’s presence in Asia.
Zurich selects Alex Wells as chief executive officer of Zurich US, subject to customary approvals. He leads the business effective immediately.
Research by LegalClaimsAI and the NYU Furman Center found claims per 100,000 units rose 69.6 per cent between 2021 and 2024. Heavily rent-stabilised buildings recorded the highest rate, at 289 per 100,000 units.
Guernsey Finance marked the 10th anniversary of its Monte Carlo reception, with Paul Sykes pointing to new entrants including Zenkyoren Re and Ascot Group's Ian Thompson warning against complacency on pricing.
Marsh appoints Christos Adamantiadis as president and global head of placement and market solutions at Marsh Risk, effective 1 November.
The Malta Financial Services Authority publishes a Dear CEO letter setting out the findings of supervisory inspections into how insurance and reinsurance undertakings compile their regulatory financial returns.
Marsh appoints Tom Geraghty as chief executive officer for Europe, effective 1 November.