AM Best has upgraded PMG Assurance Bermuda’s long term issuer credit rating to a+ from a, with its financial strength rating remaining A as before.
Finance Isle of Man, the agency dedicated to developing the island’s financial services sector, has launched a digital marketing campaign to promote its captive insurance offering.
RMC Group has named Scott Arlen Strenger as executive director in the property and casualty (P&C) division, with additional responsibilities in the captive, pension and health areas.
Guernsey licensed seven new captives in 2020, including three new captives and four new captive cells. It also licensed two special purpose vehicles.
Marsh JLT Specialty has appointed Ankur Kacker as UK digital asset leader in the financial and professional (FINPRO) practice.
Vermont’s Department of Financial Regulation (DFR) has licensed the state’s 1,200th captive insurance company.
Chris Mandel, the senior vice president of strategic solutions and founding director of the Sedgwick Institute, has announced his retirement.
Davies has launched a new captive management facility in Guernsey following regulatory approval from the Guernsey Financial Services Commission.
Marsh & McLennan Agency (MMA), the middle market subsidiary of Marsh, has appointed Steven Handmaker as its first chief marketing officer and Trindl Reeves as its first chief sales officer.
The Bermuda Monetary Authority (BMA) licensed BPG Bermuda Insurance as a multi owner captive in January.