Vanliner insurance Company, notable as an insurer of the moving and storage industry, has announced the formation of its third group captive.
Chevron’s two captives Heddington, based in Bermuda and Iron Horse Insurance Company, based in Vermont, have received rating affirmations from AM Best as they continue to prove their value to the energy giant.
Southport Re, the captive reinsurance subsidiary of New York private equity firm Southport Lane, has amended its Cayman captive classification from Class B to a new Class D open market reinsurer license.
Increased political pressure could see more offshore captives head onshore in the coming months, according to Clive O’Connell, a partner at Goldberg Segalla Global.
Marsh has announced that it will be adding 60 jobs to its Halifax-based Captive Solutions Group in Canada.
A.M. Best has revised the outlook of Delaware-domiciled captive Nuclear Electric Insurance Ltd.’s issuer credit rating outlook to negative from stable whilst simultaneously affirming its “a+” rating.
The Monetary Authority of Singapore has opened a representative office office in Beijing, China, in order to strengthen bilateral collaboration between the MAS and Chinese financial regulatory authorities.
Chaman Aggarwal has joined Marsh as the head of its US Energy Construction Practice.
Following the appointment of Craig Swan as Managing Director, Supervision, the Bermuda Monetary Authority (BMA) has restructured its management team.
The Iowa-domiciled captive of Toyota Motor Corporation received an upgrade in its financial strength and issuer credit ratings from A.M. Best.