The energy sector has seen an increased use of captive insurance over the last 5 years, as it continues to be a key part of companies' risk management strategies, according to an Aon report.
US District of Columbia mayor Muriel Bowser has recently established a council charged with studying and reporting on the feasibility of implementing a financial services regulatory sandbox in Washington DC.
Pinnacle Actuarial Resources has promoted Aaron Hillebrandt to director and consulting actuary and Christopher Cortner to consulting actuary.
Accounting and consulting firm Bauknight Pietras & Stormer (BPS) has appointed Ben Glenn to the firm's leadership team as a shareholder.
The State of Vermont has introduced a new bill to tidy up and modernise parts of its captive insurance law as it enters its 2019 legislative session.
Ratings agency AM Best has affirmed the financial strength rating of A- (Excellent) of Prism Assurance, the Vermont-based single parent captive of commercial metals and glass company Apogee Enterprises.
Massachusetts-based managing general agency Energi Insurance Services has formed two group captives through its eCaptiv subsidiary to tackle the commercial auto insurance market in Canada.
South Carolina's captive program administrator Jeff Kehler will step down from his role at the end of the month to join Somers Risk Consulting as director of captive consulting services.
Independent broker Holmes Murphy has expanded its Texas employee benefits division with the appointment of Travis Brashear as vice president and marketing leader for South and Central Texas.
The North Carolina Captive Insurance Association (NCCIA) has appointed Matt Holycross to its board of directors.