Alera Group acquires EB firm offering captive reinsurance programmes
Insurance agency Alera Group has acquired Bailey & Company Benefits Group, and employee benefits firm based in Ohio.
Washington doubles down on 'unlawful' captives following Microsoft settlement
The Washington Office of the Insurance Commissioner is offering captives that have unlawfully insured any risk in the state in the past 15 years a self-reporting period of 18 months to pay significantly reduced fines.
Arthur J Gallagher acquires Chicago captive consultant
Arthur J Gallagher has entered into an agreement to acquire Captive Insurance Company Design and Operations, a Chicago-based captive consultant formed by Clarity Group in 2002, with a focus on medical and professional liability.
Aon promotes Bermuda MD Seth to global captives and ILS role
Aon has appointed Anup Seth as global leader, underwriting solutions, of its Captive and Insurance Management team, based in Bermuda.
Artex and Arthur J Gallagher accused of selling and managing illegal tax-shelter captives
An Arizona-based lawsuit is seeking damages from a group of defendants including Artex Risk Solutions, Arthur J Gallagher among other captive service providers for conspiring to design, promote, sell, implement and manage illegal tax-advantaged captive insurance strategies using unlawful attempted 831(b) elections.
JLT employee benefits exec joins Mercer as COO
Mercer, a consulting firm owned by Marsh & McLennan Companies (MMC), has appointed Bala Viswanathan as chief operating officer, effective upon the closing of the Marsh-JLT deal.
Energi appoints CUO to support Vermont captive
Insurance programme provider Energi has appointed Michael Windstein as chief underwriting officer.
AES Vermont captive gets Good rating
Ratings agency AM Best has affirmed the financial strength rating of B++ (Good) of AES Global Insurance Company (AGIC), the Vermont-based single-parent captive of power company AES Corp.
Sun Life VP joins Berkley Accident and Health as CEO
Berkley Accident and Health, a subsidiary of WR Berkley, has appointed Brad Nieland as president and CEO
Bristol-Myers Squibb to transfer $3.8bn in pension liabilities to Athene
Bermuda-based pension risk transfer provider Athene has agreed a pension plan termination transaction with US pharmaceutical company Bristol-Myers Squibb.
