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.
A managing general agency (MGA) can leverage a captive insurance company to enhance its performance and give it a competitive edge over other MGAs, and ultimately build a better relationship with the reinsurance market.
The Captive Insurance Companies Association (CICA) has published new guidance to provide guidance on the use of risk pools following prolific US Tax Court cases involving.
European captive ratings have been stable through the past year, with most ratings affirmed and stable outlooks maintained, according to an AM Best report.
R&Q Investment Holdings has entered into an agreement to acquire Western Captive Insurance Company (WCIC), an Irish-domiciled captive belong to the Coffey Group, a civil engineering, environmental and building contracting group of companies.
Ratings agency AM Best has affirmed the financial strength rating of A (Excellent) of The American Road Insurance Company (TARIC), the Michigan-based single-parent captive insurer owned by Ford Credit, a subsidiary of Ford Motor Company.
Marsh & McLennan Companies (MMC) has agreed to acquire JLT Group for $6.4 billion, expected to close in Spring 2019.
Texas-based insurance holding company Houston International Insurance Group (HIIG) is set to enter into a partnership with Massachusetts-based managing general agency Energi Insurance Services, to provide a captive insurance solution for energy clients.
Ratings agency AM Best has affirmed the financial strength rating of A- (Excellent) of Maxseguros EPM (Bermuda), the single-parent captive insurer wholly owned by EPM, Colombia's largest power generation and multi-utility company.
Ratings agency AM Best has affirmed the financial strength rating of A- (Excellent) of Builders Re and Builders Direct, both Luxembourg-based subsidiaries of German construction company HOCHTIEF, owned by Actividades de Construcción y Servicios (ACS).