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UK financial services company Legal & General has completed a £4.4 billion buy-in for British Airways' pension scheme, Airway Pension Scheme, marking the largest to date bulk annuity policy arranged with a UK pension scheme, which also included the conversion of existing longevity insurance into a bulk annuity. 17 September 2018
Accounting & tax analysis
Moody’s Corporation, the holding company for rating agency Moody’s Investors Service, is facing allegations from a former employee who has claimed that Moody’s and its advisors defrauded New York State of potentially millions of dollars of tax revenues, with it’s captive Moody’s Assurance Company (MAC) accused of underpaying the state. 17 September 2018
Accounting & tax analysis
Aon Risk Solutions has launched a capital advisory unit designed to assist re/insurers, Lloyd's syndicates and captive insurance companies with their capital optimisation. 17 September 2018
Analysis
Willis Towers Watson has appointed Denys Kazama as senior account executive of its Global Captive Practice, with responsibility over clients with captives domiciled in Hawaii. 14 September 2018
Analysis
River Oak Risk, a captive management firm headquartered in Atlanta, Georgia, has appointed Jay Florence as vice president. 10 September 2018
Analysis
R&Q Investment Holdings is a forming a new division, Accredited, which comprises its US and European programme management businesses. 10 September 2018
Analysis
Vermont’s recently introduced captive structures, affiliated reinsurance companies (ARCs), will likely enhance the domicile’s standing in the captive industry, according to an AM Best briefing. 8 September 2018
Analysis
Howden UK has expanded its employee benefits division with the appointment of Adam Harding as divisional director for international benefits and Rob Atkins as senior consultant. 6 September 2018
Analysis
Independent insurance manager and financial advisor Robus Group has appointed Andy Matthews as its managing director to head up its Gibraltar office. 5 September 2018
Analysis
Slow and steady growth has served the state of Hawaii well and continues to be one of the reasons it is consistently on the list of top domiciles for captives, says Paul Shimomoto of the Hawaii Captive Insurance Council. 4 September 2018
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