Lumerica Insurance Company, a subsidiary of BASF Americas Corporation, has begun operations in New Jersey where it has redomiciled from Vermont.
Law firm, Anderson Kill & Olick, known primarily for representing policyholders in insurance coverage disputes, has announced that it will open a new office in Burlington, Vermont to better service the captive insurance industry.
Bermuda-based Enstar Group, which specialises in acquiring and managing insurance and reinsurance companies in run-off, has completed its acquisition of Seabright Holdings.
JLT Re has appointed Henry To as chairman and CEO of its reinsurance operations in China and Hong Kong.
The Self-Insurance Institute of America announced that a Self-Insurance Defence League (SIDL) has been formed to coordinate lobbying, litigation and media relations activities of leading national trade associations.
According to a special report issued this week by AM Best, captives survived the economic collapse but Solvency II’s implementation presents considerable problems for the industry.
CS STARS, a business unit of Marsh, has announced the appointment of Robert Bentley as president and CEO.
The Connecticut Captive Insurance Association (CCIA) has welcomed a number of new members to the association.
The China Insurance Regulatory Commission has given the green light to the formation of the country’s first locally incorporated captive.
Rob Leadbetter has been appointed as the new chairman of the Insurance Managers Association of Cayman. He will take over from Clayton Price, who Leadbetter worked with extensively over the past two years.