AOG to move from Bermuda to Barbados
The American Overseas Group (AOG) has announced plans to move its captive from Bermuda to Barbados on or around December 7th of this year.
NAIC CEO steps down earlier than expected
Dr. Therese Vaughan, the CEO of the NAIC, will be stepping down from her position as of the 30th of November, months earlier than her expected early 2013 departure date.
CICA conference schedule now available online
The Captive Insurance Companies Association (CICA) has released the schedule for its upcoming 2013 conference, which will take place in Palm Springs, California in March of next year.
Claims specialist, Sedgwick appoints new COO
Leading US claims and risk management specialists, Sedgwick has announced the appointment of Steven Penman as its new chief operating officer.
Moody’s launches Solvency II compliance tool
Moody’s Analytics announced last week that it will be launching a follow-up to its Solvency II compliance software Fermat Solvency II.
Fitch: cross-state regulatory cooperation and transparency are essential
In a new report Fitch Ratings also calls for greater public disclosure on captive arrangements and reserve financings in general.
Vermont RRG OMIC outlook revised to negative
Ratings agency AM Best has revised the outlook of Vermont-based risk retention group Ophthalmic Mutual Insurance Company's long-term issuer credit rating from stable to negative.
Cayman launches new branding at RIMS 2013
The Cayman Islands captive insurance industry has rolled out a new brand at the RIMS 2013 conference to promote “its integrity and transparency”.
USA Risk launches Malta’s first RSPV
USA Risk has launched the first Malta reinsurance special purpose vehicle (RSPV).
Energi snaps up two former state insurance commissioners
Energi, a provider of alternative and captive insurance solutions in the US and Canada, has appointed former Oklahoma insurance commissioner John Doak and former North Carolina commissioner Wayne Goodwin to its board of directors.
