News
Law & regulation
Alabama’s state legislature is examining a captive bill that will expand the state’s offering of alternative investment vehicles with three new categories of captives, for agency captives, reinsurance captives and special purpose finance captives. 16 February 2021
Bermuda analysis
AM Best has upgraded PMG Assurance Bermuda’s long term issuer credit rating to a+ from a, with its financial strength rating remaining A as before. 16 February 2021
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Finance Isle of Man, the agency dedicated to developing the island’s financial services sector, has launched a digital marketing campaign to promote its captive insurance offering. 15 February 2021
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RMC Group has named Scott Arlen Strenger as executive director in the property and casualty (P&C) division, with additional responsibilities in the captive, pension and health areas. 15 February 2021
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Guernsey licensed seven new captives in 2020, including three new captives and four new captive cells. It also licensed two special purpose vehicles. 12 February 2021
New Captive Models
Marsh JLT Specialty has appointed Ankur Kacker as UK digital asset leader in the financial and professional (FINPRO) practice. 11 February 2021
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Vermont’s Department of Financial Regulation (DFR) has licensed the state’s 1,200th captive insurance company. 10 February 2021
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Chris Mandel, the senior vice president of strategic solutions and founding director of the Sedgwick Institute, has announced his retirement. 10 February 2021
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Davies has launched a new captive management facility in Guernsey following regulatory approval from the Guernsey Financial Services Commission. 10 February 2021
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Marsh & McLennan Agency (MMA), the middle market subsidiary of Marsh, has appointed Steven Handmaker as its first chief marketing officer and Trindl Reeves as its first chief sales officer. 10 February 2021
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