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New Jersey-based off-price department store retailer Burlington has received approval for a new captive insurer, Florence Insurance Company (FIC). 7 February 2018
Analysis
Captive management firm USA Risk Group (USARG) has appointed Stephen Roseman as president and CEO, a successor to Gary Osborne, who had recently stepped down from his role after 22 years at the company. 6 February 2018
Analysis
Alera Group, an employee benefits, property/casualty, risk management and wealth management firm, has acquired Spring Consulting Group, an employee benefits and risk management consulting firm. 5 February 2018
Analysis
Ratings agency AM Best has assigned a financial strength rating of A- (Excellent) to R&Q Insurance (Malta) (RQIM), a run-off specialist for European non-life re/insurers and captives. 5 February 2018
Analysis
Marsh Captive Solutions has formed a new protected cell company (PCC) domiciled in Malta, Mangrove Insurance Europe PCC. 5 February 2018
Accounting & tax analysis
New tax rules in the US could influence the attraction of forming a captive—but there has been little impact yet on the Cayman Islands, which is enjoying robust growth, as Ruwan Jayasekera, head of the Insurance Supervision Division at the Cayman Islands Monetary Authority, explains. 2 February 2018
Analysis
Strategic Risk Solutions (SRS) has formed a governance, risk and compliance (GRC) practice to provide qualified independent directors, corporate governance consulting and regulatory compliance to insurers - including captives. 2 February 2018
Analysis
Berkeley Research Group (BRG) has appointed Christopher Heckman to the firm’s complex insurance claims practice as managing director, based in Dallas. 2 February 2018
Analysis
Aon’s total revenue increased 10 percent to $2.9 billion in the fourth quarter of 2017, with total organic revenue increasing 6 percent year-on-year. 2 February 2018
Analysis
The State of Hawaii grew its licensed captive population to 230 in 2017, welcoming 30 new captives and dissolving eight. 1 February 2018
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