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Risk retention groups (RRGs) continue to exhibit a 'great deal' of financial stability while providing specialised coverage to their insureds, according to a Demotech report of RRGs in the first quarter of 2017. 3 July 2017
Analysis
DARAG, a European run-off insurance company, has appointed Stuart Davies as chairman of the group. 30 June 2017
Analysis
Cosco Shipping Energy Transportation, a shipping company largely focused on the shipping of oil products and liquefied natural gas, has entered into an insurance services framework agreement with Cosco Shipping Insurance. 29 June 2017
Analysis
Holding company AF Group has appointed Eric Halter as director of AF Specialty, a new division which provides fronting capacity and captive solutions. 28 June 2017
Actuarial & underwriting
Andrew Barile, CEO of Andrew Barile Consulting, explains how the value of taking on an insurance industry expert at a board level is often overlooked among captive owners. 26 June 2017
Analysis
Medical professional liability insurer Coverys intends to acquire Randall & Quilter Managing Agency, a fully authorised turnkey managing agency at Lloyd's of London, and part of R&Q, a non-life insurance investor, underwriting manager, captive manager and service provider. 26 June 2017
Actuarial & underwriting
Generali Employee Benefits (GEB) has appointed Eric Butler, Roland Raad and Thierry Mestach to its executive management team. 26 June 2017
Analysis
Ratings agency AM Best has assigned a financial strength rating (FSR) of A- (Excellent) to Agrinational Illinois Insurance Company, the Illinois based captive insurer of food processing and commodities trading corporation Archer Daniels Midland Company (ADM). 23 June 2017
USA analysis
The island of Barbados recorded a net addition of 11 captive insurance entities for the fiscal year ended March 2017 – raising its total from 235 captives in 2015/2016 to 246 captives in 2016/2017, according to Invest Barbados, the economic development agency of the government of Barbados. 22 June 2017
Analysis
The Solvency II ratios of European captives are very strong as they tend to be well-capitalised, according to an AM Best briefing on the captives taking part in its ratings process. 21 June 2017
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