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-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.
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.
A.M. Best announced that Bermuda-domiciled Transmonde Services Insurance Company has been upgraded to a financial strength rating of A (Excellent) from A-.
The Cayman Islands government has announced its adoption of Model 1 of the intergovernmental agreement on FATCA, with similar agreements forthcoming with the UK.
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.
The European Insurance and Occupational Pensions Authority (EIOPA) has launched a public consultation on guidelines related to preparations for Solvency II.
Guernsey has signed a double taxation agreement with Qatar in a move that will cement growing commercial ties between the two domiciles.
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.
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.