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Actuarial & underwriting
Specialty insurers operating in the energy sector have consistently produced positive operating results over the most recent five years (2009-2013), as measured by pre-tax operating returns. 1 August 2014
Law & regulation
Fitch has stated that subjecting captives to full NAIC accreditation standards “could materially increase costs” and might lead to the disclosure of information sensitive to the parent’s competitive position. 1 August 2014
EMEA analysis
Aon has announced the appointment of John G. Bruno as executive vice president of enterprise innovation and chief information officer. 31 July 2014
article
Moody's Investors Service has assigned a first-time A1 insurance financial strength (IFS) rating of ‘stable’ to CNPC Captive Insurance Company Limited (CNPC Captive Insurance). 30 July 2014
USA analysis
A.M. Best has downgraded the financial strength rating of Preferred Contractors Insurance Company Risk Retention Group (PCIC) from B+ (Good) to B (Fair) and the issuer credit rating from "bbb-" to "bb". 29 July 2014
EMEA analysis
Fiona Le Poidevin has resigned as chief executive of Guernsey Finance and will leave in early 2015 to become chief executive at the Channel Islands Securities Exchange (CISE). 28 July 2014
Actuarial & underwriting
Willis Group Holdings, the global risk adviser, insurance and reinsurance broker, has made two key appointments to grow its business in Asia. 24 July 2014
Law & regulation
New legislature in Alabama is to bring risk retention groups established in the state up to speed with guidance set by the NAIC, subjecting them to more intense scrutiny. 24 July 2014
IT & claims management analysis
Volkswagen’s Dublin-based captive, Volkswagen Insurance Company or VICO, has taken up and now gone live with Eurobase Insurance Solutions’ synergy2 systems. 23 July 2014
USA analysis
Sanford Saito has been appointed deputy commissioner and captive insurance administrator for the Department of Commerce and Consumer Affairs (DCCA) Insurance Division in Hawaii. 22 July 2014
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