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Analysis
Marsh has appointed of Matt McCabe, a former congressional advisor on cyber security, to the Network Security and Privacy Practice as a senior vice president. 9 April 2013
Bermuda analysis
A.M. Best announced that Bermuda-domiciled Transmonde Services Insurance Company has been upgraded to a financial strength rating of A (Excellent) from A-. 8 April 2013
Analysis
The Cayman Islands government has announced its adoption of Model 1 of the intergovernmental agreement on FATCA, with similar agreements forthcoming with the UK. 5 April 2013
Feasibility studies analysis
Red Re, Coca-Cola’s South Carolina-domiciled captive insurer, has received approval from the US Department of Labor to expand its use to include benefits coverage. 3 April 2013
Cayman analysis
AM Best has assigned a financial strength rating of A+ (Superior) and issuer credit rating of “aa-“ to Risk Reinsurance Limited (RRL), a captive insurance company of state-owned enterprise Transpower New Zealand Limited. 2 April 2013
Cayman analysis
Cayman-based Palms Insurance Company has been assigned a financial strength rating of A (Excellent) by rating agency, AM Best. 27 March 2013
EMEA analysis
Allianz Global and Corporate Specialty has recruited five new heads of business as it ramps up its African operations. 26 March 2013
Executive Appointments
The CICA announced two new officers during their annual conference in Rancho Mirage, California last week. 20 March 2013
Analysis
Captive International spoke to Richard S. Smith, president of the Vermont Captive Insurance Association about the ongoing struggle to exclude captives from the NRRA. 8 March 2013
Law & regulation
The South Dakota Senate has passed a bill hoped to strengthen the state’s captive insurance industry. 7 March 2013
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