AM Best has issued a cautious welcome for the provisional application of the bilateral ‘covered agreement’ between the US and European Union, which provides regulatory clarity and reduces the regulatory burden for US and EU reinsurers operating in each other’s markets.
Capstone Associated Services has expanded its reach in the Northeast and Mid-Atlantic regions of the US with the appointment of David Osbourn as director of business development for the region.
Axial Benefits Group (ABG), a benefits management company, had bolstered its healthcare purchasing coalition (HPC) operating model with a medical stop loss arrangement underwritten by QBE North America.
Sun Life, a provider of insurance and asset management solutions, has partnered with Pareto Captive Services to offer a stop-loss group captive solution.
Roundstone Management, a provider of self-insured solutions for mid-size companies, has formed a partnership with insurance brokerage Hub International to offer self-funded medical captives programmes.
The Cayman Islands insurance industry has issued 23 new insurance licenses so far in 2017, as of October 9.
Robus Group, an independent captive insurance management advisory group, has appointed David Riley as a risk consultant.
Kroll Bond Rating Agency (KBRA) has appointed Donna Halverstadt as the managing director of KBRA's insurance ratings group.
US cable company Charter Communications is basing its entire captive insurance operations in the state of Connecticut, with the recent redomiciliation of one of its captives.
Airways Pension Scheme (APS), a retirement benefit scheme for British Airways and its associated companies, has selected Artex Risk Solutions to provide insurance management services for APS's newly established, Guernsey-based insurance company.