AM Best upgrades ConocoPhillips’ Vermont captive
Ratings agency AM Best has ugpraded the financial strength rating of A (Excellent) of Sooner Insurance Company, the Vermont-based captive of multinational energy company ConocoPhillips.
London & Capital adds two partners
London & Capital has promoted Kate Miller and Robert Paul as partners.
Brexit not high on the agenda for European captives
Brexit is not influencing redomiciliation among European captives, and while there are vast uncertainties around Brexit, it is not high on the risk management agenda for them.
AGCS restructures ART team as it seeks expansion
Allianz Global Corporate & Specialty (AGCS) is restructuring its alternative risk transfer (ART) line of business into two specialist teams as it seeks to grow in this space.
Guernsey Finance deputy chief exec to step down
Guernsey Finance deputy chief executive Kate Clouston will be stepping down from her role to join offshore law firm Collas Crill next year.
University of California forms new captive Eureka PCC
The University of California (UC) has received regulatory approval for the formation of a new protected cell company, Eureka Insurance Company PCC.
Greenlight Re invests in TPA with self-insured health focus
Greenlight Re Innovations, part of Cayman Islands-based specialist P&C reinsurer Greenlight Re, has invested in Sana Benefits an Austin-based third party administrator with a focus on the self-insured US health market.
HyreCar to form captive for on-demand Uber and Lyft drivers
HyreCar, a carsharing marketplace for ridesharing, has established a joint venture that will focus on creating a captive insurance company designed specifically for carsharing in the ridesharing space.
Marsh appoints offshore and US captive practice leaders
Marsh Captive Solutions has appointed Julie Boucher to assume direct leadership of Marsh's Bermuda, Cayman and Barbados captive officers in the newly created role islands practice leader.
R&Q acquires Irish construction captive in run-off
R&Q Investment Holdings has entered into an agreement to acquire Western Captive Insurance Company (WCIC), an Irish-domiciled captive belong to the Coffey Group, a civil engineering, environmental and building contracting group of companies.
