Broker Marsh has appointed Nick Durant to lead its global captive solutions practice, effective July 1, 2016.
The reasons why organisations are forming captives fall into three broad, value-driver categories, according to broker and risk management firm Marsh in a new report.
AM Best has affirmed the financial strength rating of A (Excellent) of National Interstate Insurance Company and its affiliates, National Interstate Insurance Company of Hawaii, Triumphe Casualty Company and Vanliner Insurance Company (collectively referred to as National Interstate).
Broker Marsh has appointed Chris Lay as president and chief executive officer (CEO) of Marsh Canada, reporting to Robert Bentley, president of Marsh US and Canada.
JLT Insurance Management (JLTIM) (Bermuda), a captive insurance consultant and insurance manager, has appointed Andrew Hulme as executive vice president (EVP), business development.
Strategic Risk Solutions, a provider of underwriting and risk management services to captive insurance companies and alternative market insurers, will be holding a webinar focused on risk retention groups (RRGs) this week.
Aon Insurance Managers has appointed Anup Seth as managing director.
Artex Risk Solutions, provider of captive insurance solutions and subsidiary of broker Arthur J Gallager, has acquired Quest Holdings (Gibraltar), the largest insurance manager in Gibraltar.).
The global captive practice of broker Willis Towers Watson has hosted a workshop in Beijing with senior officials from the Chinese Insurance Regulatory Committee (CIRC) to discuss the development of a mutual insurance sector in China.
Vermont will now allow more types of captives, including sponsored and industrial insured captives, to enter dormant status in the domicile without having to pay annual minimum premium tax.