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New Jersey approves state’s first cell captive

North America11-04-2013

QualCare Captive Insurance Company, a captive of QualCare Inc, has been approved as the first sponsored cell captive in the state of New Jersey.

Delaware captive rating downgraded then withdrawn

North America10-04-2013

Delaware-domiciled United Contractors’ Insurance Company was downgraded by A.M. Best, their financial strength rating falling to C- and issuer credit rating to “cc”, before the rating agency withdrew the ratings at the request of the company’s management.

Cyber surpasses weather as leading supply chain risk

North America09-04-2013

Marsh has appointed of Matt McCabe, a former congressional advisor on cyber security, to the Network Security and Privacy Practice as a senior vice president.

Transmonde Services upgraded by AM Best

Bermuda, Bermuda, Cayman and Caribbean08-04-2013

A.M. Best announced that Bermuda-domiciled Transmonde Services Insurance Company has been upgraded to a financial strength rating of A (Excellent) from A-.

Cayman moves ahead with FATCA compliance

Bermuda, Cayman and Caribbean, North America05-04-2013

The Cayman Islands government has announced its adoption of Model 1 of the intergovernmental agreement on FATCA, with similar agreements forthcoming with the UK.

O’Conner appointed as Aon Risk’s chief operating officer


Aon has announced that Michael O’Conner will take over the role of chief operating officer for the firm’s risk management solutions business, including Aon Risk Solutions and Aon Benfield, effective immediately.

EIOPA launch public consultation on Solvency II guidelines


The European Insurance and Occupational Pensions Authority (EIOPA) has launched a public consultation on guidelines related to preparations for Solvency II.

Guernsey signs double tax agreement with Qatar

Europe, Guernsey, MENA04-04-2013

Guernsey has signed a double taxation agreement with Qatar in a move that will cement growing commercial ties between the two domiciles.

SIIA moves to strengthen captive industry lobbying

North America04-04-2013

The Self-Insurance Institute of America (SIIA) announced a reorganised government relations team based in Washington, D.C. The team was adjusted to increase the organisation’s political influence, particularly with key Democrats and the media.

Qatar insurance industry set to outgrow neighbours


A report issued by AM Best, entitled Qatar’s Insurance Market is Well-Positioned for Growth, indicates that the Gulf nation’s insurance industry is poised to grow 5 percent in 2013 alone.

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