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.
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.
The trucking division of Great American Insurance Group has introduced a captive product offering motor carriers member-owned group captive or single captive opportunities.
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).
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.
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, a provider of claims management solutions to insurers and self-insured entities, has appointment Kieran Rigby as president of international, based in London.
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 has established a national practice group to assist employers in managing their workers' compensation costs.
Ratings agency AM Best has withdrawn the ratings Sorford Surety Insurance, the captive of IBT Group, as per the request of the company following the downgrade of its financial strength rating to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).