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Texas bill to improve captive law

North America21-04-2017Insurance

Texas is on the path to improving its attractiveness as a domicile, with the House Insurance Committee approving legislation which makes amendments to the State's captive insurance law.

R&Q profits triple from 15 legacy transactions

Bermuda21-04-2017Insurance, Reinsurance

Randall & Quilter, a specialist non-life insurance investor, has almost tripled its profits in 2016, which can be attributed to the 15 legacy transactions completed during the period, as well as further net reserve releases from insurance companies in run-off.

Great American Insurance Group introduces captive solution for motor carriers

North America19-04-2017Insurance, Reinsurance

The trucking division of Great American Insurance Group has introduced a captive product offering motor carriers member-owned group captive or single captive opportunities.

Mountain States Healthcare RRG receives downgrades

North America18-04-2017Insurance, Reinsurance

Ratings agency AM Best has downgraded the financial strength rating of Montana-based Mountain States Healthcare (MSH) Reciprocal Risk Retention Group (RRG) from A- (Excellent) to B++ (Good).

Vermont names Director of Financial Services to replace Towle

North America18-04-2017Insurance, Reinsurance

The State of Vermont has named Ian Davis at the next director of financial services, to succeed the outgoing and soon-to-be Captive Insurance Companies Association (CICA) president, Dan Towle.

Strong start to 2017 for Cayman Islands insurance, claims IMAC

Cayman Islands18-04-2017Insurance, Reinsurance

The Cayman Islands Insurance Industry has seen a buoyant start to 2017, with eight new Insurer licenses issued in the first quarter, according to the Insurance Managers Association of Cayman (IMAC).

Crawford & Company names international president

London, UK12-04-2017Insurance, Reinsurance

Crawford & Company, a provider of claims management solutions to insurers and self-insured entities, has appointment Kieran Rigby as president of international, based in London.

MAXIS GBN bolsters leadership team following London move

London, UK12-04-2017Insurance

MAXIS Global Benefits Network (MAXIS GBN), an employee benefits venture between MetLife and AXA, has made a series of appointments to its global leadership team following its relocation to its new London headquarters.

Hanover Stone Partners introduces workers' compensation unit

North America10-04-2017Insurance

Hanover Stone Partners has established a national practice group to assist employers in managing their workers' compensation costs.

IBT Group captive withdraws from AM Best ratings following downgrade

North America, UK10-04-2017Insurance

Ratings agency AM Best has withdrawn the ratings Sorford Surety Insurance, the captive of IBT Group, as per the request of the company following the downgrade of its financial strength rating to B- (Fair) from B (Fair).

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