Isosceles Insurance Ltd has been assigned a financial strength rating of B++ and an issuer credit rating of “bbb+” by A.M. Best.
Group Management Services has merged with three third party administrators—Ogden Benefits Administration, Employee Benefits Concepts and Variable Protection Administrators—as the combined entity looks to drive down client medical costs associated with Obamacare.
The action could impact more than a quarter of a million medallion taxis in Philadelphia, the rating agency said.
The facility also added a new excess rainfall product to its portfolio.
According Thomas Stokes, managing principal and US consulting practice leader at JLT Towner, a recent ruling in Texas is a cautionary tale for 831(b) structures.
According to the Guernsey Financial Services Commission (GFSC) the domicile has licensed 46 international insurance entities in the first half of this year.
Washington, DC will not allow medical stop-loss captives to be licensed, according to Dana Sheppard.
Mid-size companies in light manufacturing are a perfect match for group captives as they can help them avoid premium hikes as rates in the open market harden.
Black Pearl Insurance 1 PC is the first protected cell company to be established in Jersey and will insure professional liability risk—professional indemnity and D&O—for Polygon Group.
Randall & Quilter (R&Q) announced this week that it has successfully reached an agreement to receive by way of novation all contracts underwritten by MPPA Insurance.