News

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Keep your captive options open: rent rather than own

A rent-a-captive is a simple, convenient and inexpensive way for insureds to enjoy the benefits of a captive insurance structure for their desired self-insurance needs, with less of the hassle that goes with setting the structure up, says Martin Hughes of Artex Risk Solutions.   5 November 2019

Analysis

Jopari Solutions hires captive specialist in sales role

Jopari Solutions, the healthcare technology provider focused on the workers' compensation and auto medical markets, has appointed Tom McCarthy as vice president of sales.   5 November 2019

Analysis

NMU improves is cyber offering

Specialty insurer NMU has extended its standalone cyber product CyberSafe to include customer payment fraud protection and cover for business Interruption loss resulting from reputational harm.   5 November 2019

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Risk Strategies acquires specialty brokerage Dash & Love

Risk Strategies, a privately held, national insurance brokerage and risk management firm with interests in the captives space, has acquired Dash & Love, a full-service specialty brokerage based just outside of Philadelphia.   1 November 2019

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AM Best assigns A- rating to Fortegra Financial captive LOTS Re

AM Best has assigned a Financial Strength Rating of A- (Excellent) to LOTS Reassurance Company (Turks and Caicos). The outlook assigned to the rating is stable.   1 November 2019

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AM Best upgrades Restoration Risk Retention Group

AM Best has upgraded the Financial Strength Rating to A (Excellent) from A- (Excellent) of Restoration Risk Retention Group, Incorporated (RRRG). The outlook of the rating has been revised to stable from positive.   30 October 2019

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AM Best assigns B rating to American Transportation RRG

AM Best has assigned a Financial Strength Rating of B (Fair) to American Transportation Group Insurance Risk Retention Group (ATGI). The outlook assigned to the rating is stable.   30 October 2019

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RiverStone acquires two Cayman-based captives

RiverStone, an insurance run-off management company, has acquired two of Cayman-based captives: GMPCI Insurance Company and Seaside Indemnity Alliance Company.   30 October 2019

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R&Q Florida carrier Accredited partners with MG Skinner on D&O

Accredited Surety and Casualty Company, a wholly-owned subsidiary of Randall & Quilter Investment Holdings (R&Q) and a Florida domiciled insurance company licensed in all 50 states to write admitted business, has entered into a new programme partnership with MG Skinner & Associates Insurance Agency.   28 October 2019

Analysis

Wellness programs can reduce pressure on assisted living facility insurance

Adding wellness programs to facility management in the long-term care sector can reduce excessive claims on assisted living facility insurance by reducing the workloads of healthcare workers, according to Chris Murray, president at Caitlin Morgan Insurance Services.   24 October 2019

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