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Capstone Associated Services, a provider of captive insurance management and alternative risk planning services, has appointed Steven Lonergan as director of business development for the Midwest. 5 January 2017
Regional titles
RIMS, a society for risk managers based in the US, has appointed Nowell Seaman as president for the 2017 term, and welcomed two new board members, Ellen Dunkin and Soubhagya Parija. 4 January 2017
article
Randall & Quilter Investment Holdings has completed the novation of a number of liabilities of Georgia Atlantic Insurance, the Bermuda-based captive of the Coca-Cola Bottlers’ Association. 3 January 2017
Analysis
Throughout 2016, regulation has been the centre of change for the captives industry. Captive International investigates how this year’s changes will affect the industry in 2017. 3 January 2017
Actuarial & underwriting
Skanska has sold 100 percent of the share capital in Scem Reinsurance, a Skanska captive subsidiary in Luxemburg, to ArcelorMittal, a steel and mining company. 22 December 2016
EMEA analysis
Greenlight Capital Re (GLRE), a specialist property/casualty reinsurer that also provides a variety of reinsurance solutions to the insurance and captive markets, has revealed that its CEO, Bart Hedges, will step down at the end of March 2017. He had been with the business for 11 years. 20 December 2016
USA analysis
AM Best has downgraded the financial strength rating of Security America Risk Retention Group (SARRG), a risk retention group formed by the Electronic Security Association, to B+ from B++. The outlook of the ratings has also been revised to negative from stable. 20 December 2016
Actuarial & underwriting
In the second of his articles on captives as a 21st century risk management tool Marcus Schmalbach of the Fachhochschule des Mittelstands examines the effects of megatrends on insurance. 20 December 2016
EMEA analysis
PwC has released a report outlining the five highest priority recommendations for the Guernsey re/insurance market. 16 December 2016
Law & regulation
Captive Alternatives (CapAlt) has secured permission from the Office of the Commissioner of Insurance of Puerto Rico to increase the number of their protected captive offerings to 2,000, allowing them to provide this option to many more clients. 16 December 2016
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