Cayman to build presence at RIMS conference
The Cayman Islands captive insurance industry will attend the 2016 Risk and Insurance Management Society (RIMS) Canada Conference which is being held in Calgary September 11 to 14.
South Carolina approves Atlas as insurance manager
Atlas Insurance Management (Atlas), a Charlotte-based captive insurance management firm, has received approval from the South Carolina Department of Insurance to act as an insurance manager for captive business in the state.
Guernsey captive consolidator was a contributor to R&Q profit increase
Randall & Quilter (R&Q) has reported an increase in its profits during the first half of 2016, partially due to the growth of Capstan, its Guernsey captive consolidator.
AM Best affirms Prudential Financial due to highly diversified business
AM Best has affirmed the financial strength rating of A+ (Superior) for the domestic life/health insurance subsidiaries of Prudential Financial (PFI).
Insurance Europe ‘concerned’ with impact of OECD BEPS action plan
Insurance Europe has said it is concerned by the potential impact of certain proposals put forward by the Organisation for Economic Cooperation and Development’s (OECD) discussion draft relating to the Base Erosion and Profit Shifting (BEPS) action plan.
Captive specialists to speak at VCIA seminar in Minneapolis
The Vermont Captive Insurance Association (VCIA) is holding a captive insurance roadshow in Minneapolis on November 2, 2016.
USA Risk Group added to Worldwide Broker Network
USA Risk Group, which manages over 260 captives and risk retention groups, has been named as an associate member of the Worldwide Broker Network (WBN), which has 107 brokerage and employee benefits consulting member firms located internationally.
AM Best downgrades FSR of Istmo Re, ADISAP and Liffey Re
AM Best has downgraded the financial strength rating (FSR) to B++ (Good) from A- (Excellent) of Istmo Compañía de Reaseguros (Istmo Re), Aseguradora del Istmo (ADISAP), and Liffey Reinsurance (Liffey Re).
NAIC appoints state insurance commissioner representative to FSOC
The National Association of Insurance Commissioners (NAIC) has appointed Peter Hartt to a two-year term as the state insurance commissioner representative on the Financial Stability Oversight Council (FSOC), which identifies risks to the nation’s financial system and coordinates a response to any threat.
NCCIA adds managing partner of public accountant firm to its board of directors
The North Carolina Captive Insurance Association (NCCIA) has appointed Donald Payseur to its board of directors.