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AM Best has downgraded the financial strength rating of Zale Indemnity Company (ZIC) and its wholly owned subsidiary, Zale Life Insurance Company (Zale Life) from B++ (Good) to B+ (Good). The outlook of this credit rating remains stable. 19 February 2018
Analysis
Group captive consulting firm Captive Resources has appointed Mike Foley, former CEO of Zurich North America, to its board of directors. 15 February 2018
Accounting & tax analysis
Despite the impact of Hurricane Maria, the long term viability of Puerto Rico as a domicile is in no doubt, according to risk management consultancy and captive manager Captive Alternatives. 14 February 2018
Analysis
Claims management and loss adjusting firm Cunningham Lindsey has appointed Claes Frick as CEO of Cunningham Lindsey Sweden. 13 February 2018
Analysis
Given the many unknowns regarding liability for space tourism, captive insurance should be a tool for all space tourism providers, says Matthew Queen, general counsel & chief compliance officer, Venture Captive Management. 13 February 2018
Analysis
Bermudian attorney and managing partner Michael Hanson in association with offshore firm Carey Olsen has established a new practice in Bermuda. 8 February 2018
Analysis
Hub International of California, a subsidiary of brokerage, risk advisory and employee benefits (EB) firm Hub International, has appointed Lynn Greene as vice president of the EB practice. 8 February 2018
Analysis
A bipartisan bill has been introduced to the US Senate to allow captives that were members of the Federal Home Loan Bank (FHLB) to continue or restore their membership after it was rescinded on January 19, 2016. 8 February 2018
Analysis
Each captive manager has different qualities, so when management operations are sold to another firm, captive owners should know their rights and sometimes reassess the arrangement, Andrew Barile, CEO of Andrew Barile Consulting, tells Captive International. 8 February 2018
Analysis
Bermuda Monetary Authority registered 17 new captives in 2017, up from 13 new captives year-on-year. 7 February 2018
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