AM Best has assigned a financial strength rating (FSA) of A (Excellent) to SUMIT Insurance Company (Hamilton, Bermuda).
The Captive Insurance Companies Association (CICA) is holding its second webinar in its 2016 Webinar Series this month.
Hygea Holdings Corp and a consortium of US and international investment banks have agreed to terms in which the consortium is providing $40 million in funding to Hygea, with an additional $100 million credit facility available for the acquisitions of medical group practices and independent provider networks.
AM Best has affirmed the financial strength rating (FSA) of 'A' (Excellent) of Transmonde Services Insurance, a Bermuda single parent captive.
The South Carolina Department of Insurance (SCDOI) has licensed its 300th captive.
Capstone Associated Services has added Paula Little to its captive management team.
David Mulder, the chairman of the Board and president of Hawaiin captive FreSeguro, has been named director of Cyanotech Corporation, a microalgae technology specialist.
Eurobase International Group, an information technology and services, has appointed Ilka McHugh as director of insurance solutions.
Broker Brentwood Reinsurance Intermediaries (BrentRe) has appointed William Hodson as senior vice president (SVP).
AM Best has affirmed the financial strength rating (FSR) of A+ (Superior) of Intercona Re AG (Intercona) (Switzerland), a wholly owned captive reinsurer of global food and beverage company Nestlé.