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.
ESMA registers AM Best EU subsidiary for post-Brexit ratings
The European Securities and Markets Authority (ESMA) has registered AM Best as credit rating agency so it can continue to provide ratings after Brexit through its new Amsterdam-based subsidiary.
Illinois overrides veto of captive reform bill
The Illinois General Assembly has voted to override the governor’s amendatory veto of SB 1737, a bill that would overhaul the state’s captive insurance laws.
IMAC chair highlights growth in group captives at Cayman Captive Forum
The group captive sector in the Cayman Islands is growing, as more middle market companies leave the traditional insurance market in favour of these structures, as highlighted by Erin Brosnihan, chair of the Insurance Managers Association of Cayman (IMAC), speaking at the Cayman Captive Forum 2018.
Crum & Forster opens captive facility in Cayman
Specialty and commercial insurer Crum & Forster has set up a captive facility in the Cayman Islands through its health division.
Bermuda captives market might be open to cannabis
The Bermuda captives market is open to innovative new areas of captive insurance, including potentially cannabis-related companies, a panel at a conference in London has heard.
