Pension Insurance Corporation (PIC), a specialist insurer of defined benefit pension funds, has finalised a £725 million longevity reinsurance agreement with PartnerRe.
Property/casualty insurance actuarial firm Pinnacle Actuarial Resources has established itself in Charleston, South Carolina as it continues to grow domestically.
There are a number of actions captive owners can take to expand and add more risk to their captives in order to make it a bigger and better tool – and there are every more sophisticated methods of figuring out the costs of any particular risk the owner is worried about.
Ratings agency AM Best has affirmed the financial strength rating of A (Excellent) of Delaware-domiciled group captive, Nuclear Electric Insurance Limited (NEIL).
National Surety Underwriters, previously known as Agency Bonding Captives, an underwriting agency and reinsurance captive headquartered in Philadelphia, has raised some $11.5 million in a deal that will allow it to underwrite and reinsure surety bonds through its licensed insurance carrier partner, Clear Blue Insurance Company.
Advisory firm Moore Stephens has merged with James, Brennan & Associates (JBA), a London-based firm of experienced consulting actuaries and statistical and insurance risk experts, with substantial knowledge of the London insurance market and the corporate and captive insurance market sector.
Generali Employee Benefits (GEB) has appointed Eric Butler, Roland Raad and Thierry Mestach to its executive management team.
XL Catlin has appointed Steven Bauman as head of global programmes and captive practice in North America, based in New York.
RMC Group, a consortium of insurance and actuarial consulting firms, has appointed Ryan Mitchell as president of its European operations.
Skanska has sold 100 percent of the share capital in Scem Reinsurance, a Skanska captive subsidiary in Luxemburg, to ArcelorMittal, a steel and mining company.