R&Q hires Patrick Rastiello to run new E&S programme management business
Randall & Quilter Investment Holdings has named Patrick Rastiello as chief executive of its newly established US excess and surplus (E&S) programme management business, Accredited Specialty Insurance Company (ASIC).
Nexus reshuffles management as it prepares to spin off brokerage unit
Nexus Group, the independent specialty managing general agent, has reorganised its management team following the recent launch of Xenia Broking Group, as it looks to establish the brokerage unit as a separate business.
Time running out to vote in Captive International’s inaugural US Awards
The Captive International US Awards has received a great response so far, with voting extremely tight in a number of categories.
Kelly Castriotta joins Markel as senior director of global cyber underwriting
Kelly Castriotta has joined Markel Corporation as senior director of global cyber underwriting, becoming the lead underwriting project manager for Markel’s US non-affirmative cyber project.
Minnesota set to apply procurement tax to captives
The Minnesota Department of Revenue (MDR) has proposed changes to Form IG255 that will mean individuals or businesses buying insurance directly from captives or other non-admitted insurers must report their non-admitted direct procured insurance premium tax.
Keep holding virtual board meetings: BMA
The Bermuda Monetary Authority has instructed captives and other re/insurers domiciled in Bermuda to continue holding virtual board meetings for now, if arranging physical board meetings is problematic.
Rebecca Hale joins SRS, Melissa Hancock set to lead business in Europe
Rebecca Hale has joined Strategic Risk Solutions (SRS) as regional manager for the mid-Atlantic, with responsibilities for captive management operations in DC, Delaware and New Jersey.
Global Parametrics creates parametric product to insure Mexican coral reef
Global Parametrics, a provider of parametric protection against climate risks and natural disasters, has led the renewal of the $1.9 million Mexican Reef Protection Programme, alongside Grupo Financiero Banorte and Hannover Re.
Alan Quilter sells 250,000 R&Q shares
Alan Quilter, Randall & Quilter’s chief executive, has sold his interest in 250,000 ordinary shares in the company.
RT Specialty hires Mason Johnston to launch its new Alabama office
RT Specialty has hired Mason Johnston as president of a new office in Birmingham, Alabama.
