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Feasibility studies analysis
Marble Re, a single parent captive of Japan’s Marubeni Corporation domiciled in Micronesia, has been assigned a financial strength rating of A- (Excellent) and issuer credit rating of “a-” by AM Best. The outlook assigned to both ratings is stable. 27 February 2013
Executive Appointments
Willis Group has announced that its deputy chairman, Martin Sullivan will be leaving the firm in May to pursue other interests. 26 February 2013
Executive Appointments
Raymond Farmer’s appointment as director of the South Carolina Department of Insurance has been confirmed by the state’s senate. 25 February 2013
Analysis
AM Best affirmed their rating of Vermont-domiciled Gateway Rivers Insurance Company, which provides insurance coverage to subsidiaries of AT&T. 22 February 2013
Analysis
Ongoing uncertainty regarding the deadline and implementation of Solvency II are creating regulatory fatigue among European re/insurers, says KPMG in a new report. 21 February 2013
EMEA analysis
Gabriel Bernardino of EIOPA has promised to deliver a set of Solvency II implementation guidelines for consultation in the spring and due to be tabled at the EIOPA board of supervisors by autumn. 20 February 2013
Feasibility studies analysis
Lumerica Insurance Company, a subsidiary of BASF Americas Corporation, has begun operations in New Jersey where it has redomiciled from Vermont. 19 February 2013
Law & regulation
Law firm, Anderson Kill & Olick, known primarily for representing policyholders in insurance coverage disputes, has announced that it will open a new office in Burlington, Vermont to better service the captive insurance industry. 18 February 2013
Law & regulation
The Self-Insurance Institute of America announced that a Self-Insurance Defence League (SIDL) has been formed to coordinate lobbying, litigation and media relations activities of leading national trade associations. 14 February 2013
Asset management analysis
Bermuda-based Enstar Group, which specialises in acquiring and managing insurance and reinsurance companies in run-off, has completed its acquisition of Seabright Holdings. 14 February 2013
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