News
Analysis
Ratings agency AM Best has affirmed the financial strength rating of A (Excellent) of Vermont-based Spirit Insurance Company and Cayman-based Radius Insurance Company, the captive insurers of energy company Phillips 66. 5 November 2018
Analysis
First Insurance Company of Hawaii (FICOH) has appointed Kei Kobayashi to the role of vice president, along with the position of chief operating officer of First Risk Management Services (FiRMS), a FICOH subsidiary offering non-standard risk solutions and captive management services. 5 November 2018
Analysis
Risk transfer veteran Ted Blanch has introduced a new Florida-focused broker with a unique ownership model that he claims will lower costs and disrupt catastrophe reinsurance. 28 October 2018
Analysis
The High Court of England & Wales has granted the final approval to American International Group to split its European business among two new entities ahead of Brexit. 28 October 2018
Analysis
Jersey’s government has introduced a bill requiring businesses that operate on the island to be able to demonstrate adequate economic substance, as it aims to avoid the EU’s blacklist of uncooperative tax jurisdictions. 27 October 2018
Analysis
Insurance brokerage Hub International has set up a member-owned group captive insurance solution designed for hospitality clients. 23 October 2018
EMEA analysis
The Labuan Financial Services Authority (FSA) has announced that the Minister of Finance of the captive domicile has approved the appointment of Datuk Oh Chong Peng as the chairman of Labuan FSA effective from 16 October 2018 until 15 February 2020. 22 October 2018
Analysis
Ratings agency AM Best has affirmed the Financial Strength Rating of A- (Excellent) of Marble Re, the Micronesia-based single-parent captive of Japanese general trading company Marubeni. 20 October 2018
Analysis
Specialist insurer QBE North America has created a new healthcare unit that will be led by Cindy Oard, senior vice president, underwriting leader. 20 October 2018
Analysis
York Risk Services Group has appointed Tom Hebson as general manager of its insurance client segment. 20 October 2018
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