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Actuarial & underwriting
National Surety Underwriters, previously known as Agency Bonding Captives, an underwriting agency and reinsurance captive headquartered in Philadelphia, has raised some $11.5 million in a deal that will allow it to underwrite and reinsure surety bonds through its licensed insurance carrier partner, Clear Blue Insurance Company. 13 July 2017
Analysis
The Cayman Islands Monetary Authority has promoted Suzanne Sadlier to deputy head of the insurance supervision division and Judiann Myles to deputy head of the compliance division. 12 July 2017
Analysis
Barclays has promoted James Clegg to the role of captive insurance relationship manager in the Isle of Man. 11 July 2017
Asia-Pacific analysis
The Labuan FSA has invited Malcolm Cutts-Watson to become a member of the international advisory panel for the Labuan International Business and Finance Centre (IBFC). 10 July 2017
Analysis
CBL Corporation, a New Zealand-based specialist re/insurer, has acquired a 40 percent stake of Allied Risk Holdings, a captive insurance management firm based in Dublin, for a price of €1.38m. 10 July 2017
Analysis
Ratings agency AM Best has affirmed the financial strength ratings of A (Excellent) of Switzerland-based Solen Versicherungen (SVAG) and Texas-based Noble Assurance Company, both captives of Royal Dutch Shell. 10 July 2017
EMEA analysis
The Federation of European Risk Management Associations (FERMA) has confirmed Jo Willaert as president for an additional two-year term and also elected new members to its board. 7 July 2017
Actuarial & underwriting
Advisory firm Moore Stephens has merged with James, Brennan & Associates (JBA), a London-based firm of experienced consulting actuaries and statistical and insurance risk experts, with substantial knowledge of the London insurance market and the corporate and captive insurance market sector. 5 July 2017
Analysis
Re/insurance legacy specialist Compre has received approval from the Maltese Financial Services Authority (MFSA) to establish a protected cell company (PCC) in Malta. 4 July 2017
Analysis
Randall & Quilter (R&Q) has completed its acquisition of AstraZeneca Insurance Company (AZICO), a captive insurance company in runoff and subsidiary of AstraZeneca UK. 4 July 2017
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