AM Best has assigned a Financial Strength Rating of B (Fair) to American Transportation Group Insurance Risk Retention Group (ATGI). The outlook assigned to the rating is stable.
RiverStone, an insurance run-off management company, has acquired two of Cayman-based captives: GMPCI Insurance Company and Seaside Indemnity Alliance Company.
Accredited Surety and Casualty Company, a wholly-owned subsidiary of Randall & Quilter Investment Holdings (R&Q) and a Florida domiciled insurance company licensed in all 50 states to write admitted business, has entered into a new programme partnership with MG Skinner & Associates Insurance Agency.
Adding wellness programs to facility management in the long-term care sector can reduce excessive claims on assisted living facility insurance by reducing the workloads of healthcare workers, according to Chris Murray, president at Caitlin Morgan Insurance Services.
Marsh & McLennan Agency (MMA) has named Paul Hering as vice chairman, responsible for helping to lead growth strategies including talent development, acquisitions and carrier relations.
Risk Strategies has promoted its national health care practice leader, Bob Dubraski, to the role of chief growth officer.
Guernsey’s reputation for captives is growing among Chinese clients, with the island being the best place for Chinese businesses to set up a captive as they look to expand into Europe, according to Kate Storey, a partner at Walkers.
Insurance Recovery Group (IRG) has named Hans Hagen as president and CEO.
Davies has launched a regulation and compliance advisory business.
DARAG Guernsey has acquired Guernsey-based captive re/insurer Thames Water Insurance Company (TWIC) from Kemble Water Finance.