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Rating agency Demotech has downgraded the financial stability rating (FSR) of Allied Professionals Insurance Company, risk retention group (RRG), to ‘A, exceptional’. 9 April 2015
Services
The Georgia legislature has passed HB 552, a bill that centres on changes in the tax structure for captive insurance companies domiciled in the state. 8 April 2015
Accounting & tax analysis
AM Best has withdrawn its ratings of New Zealand-based general insurer AMI Insurance. 8 April 2015
Services
The Texas Captive Insurance Association (TxCIA) has advanced its 2015 legislative agenda. 7 April 2015
Services
MiniCo Insurance Agency, a member of the Aran Insurance Services Group, has introduced a new tenant insurance solution for self-storage owner/operators. 7 April 2015
Actuarial & underwriting
Willis has appointed Paul Scope as chairman of Willis Bermuda, encompassing all of the firm’s operations on the Island. 2 April 2015
Actuarial & underwriting
Mutual insurer Oil Insurance Limited (OIL) has elected a chairman and deputy chairman, following its annual general meeting (AGM). 1 April 2015
Services
The Bermuda Business Development Agency (BDA) is set to host a webinar aimed at highlighting the benefits of setting up on the Island. 31 March 2015
Law & regulation
South Dakota has recently signed into law House Bill 1180, allowing the formation and regulation of agency captive insurance companies in South Dakota. 30 March 2015
Services
The National Association of Insurance Commissioner’s (NAIC) draft proposal has not been overly welcomed by the industry. 27 March 2015
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