As of 1 December, Guernsey Finance will appoint Dominic Wheatley as chief executive, replacing Fiona Le Poidevin, whose resignation was announced in July.
A 31- strong Cayman delegation, including the Cayman Islands Premier, will be heading to Anaheim California to represent the jurisdiction’s captive insurance industry at the American Society for Healthcare Risk Management annual conference (ASHRM).
Bermuda-based insurance-linked securities (ILS) manager Horseshoe Group has launched operations in Gibraltar as it sees the potential of ILS growth in Europe.
Capstone Associated Services has formed its 150th captive insurance company with the application to form a Delaware based captive.
The captive landscape is expected to become increasingly competitive as banks increase their focus in growth areas such as auto finance and equipment finance.
Rating agency Fitch Ratings has affirmed the ratings of five US captive finance companies, following the affirmation of each captive’s corporate parent’s rating.
Risk retention groups (RRG) in the US have remained financially stable throughout the second quarter of 2014 and remain committed to maintaining adequate capital to handle losses.
The Vermont Captive Insurance Association’s Boston road show is set to explore the strategic advantages of captives.
Broker Lockton has appointed Peter Rapciewicz as a vice president in its risk finance practice in New York City.
AM Best has downgraded the outlook of Sorford Surety Insurance, the Bermuda based subsidiary of IBT Group, to negative from stable.