Reinsurance carrier Citadel Risk has acquired a controlling share of both Bermuda-based insurance and captive manager Cedar Management and US-based captive insurance consulting firm. 4 March 2016
Moody's Investors Service (MIS) has downgraded the insurance financial strength (IFS) rating of Barbados-based Monticello Insurance Limited (MIL) to B1, from Ba1, with a negative outlook. 1 March 2016
Broker Marsh has promoted Will Thomas-Ferrand to strategy and operations leader, Europe, the Middle East, and Africa (EMEA) and Asia Pacific, and Stephen Portelli to head of office in Malta. 29 February 2016
An industry delegation led by the Bermuda Business Development Agency (BDA) will reach out to top-level executives in the Southeast United States next month to promote the benefits of Bermuda-based captive insurance. 26 February 2016
Roundstone Management, has launched Health 180, which it claims is the first high-performance captive solution designed specifically for employers seeking proactive early detection and cost containment strategies. 23 February 2016
