Ratings agency AM Best has affirmed the financial strength rating of A- (Excellent) of Prism Assurance, the Vermont-based single parent captive of commercial metals and glass company Apogee Enterprises.
Massachusetts-based managing general agency Energi Insurance Services has formed two group captives through its eCaptiv subsidiary to tackle the commercial auto insurance market in Canada.
A managing general agency (MGA) can leverage a captive insurance company to enhance its performance and give it a competitive edge over other MGAs, and ultimately build a better relationship with the reinsurance market.
The Cayman Islands Monetary Authority (CIMA) issued 33 captive insurance licenses in 2018, and surrendered 26, bringing the total to 703.
South Carolina's captive program administrator Jeff Kehler will step down from his role at the end of the month to join Somers Risk Consulting as director of captive consulting services.
Accountancy and business advisory firms BDO and Moore Stephens have completed a merger agreement where Moore Stephens LLP - with offices in London, Birmingham, Bristol, reading ant Watford - will operate under the BDO brand.
Independent broker Holmes Murphy has expanded its Texas employee benefits division with the appointment of Travis Brashear as vice president and marketing leader for South and Central Texas.
The North Carolina Captive Insurance Association (NCCIA) has appointed Matt Holycross to its board of directors.
Accounting, tax and consulting firm Mazars has appointed Brian Clouse to its executive committee.
Ratings agency AM Best ha upgraded the financial strength rating of Sony's Bermuda-based pure captive PMG Assurance from A- (Excellent) to A (Excellent).