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Ratings agency AM Best has assigned a financial strength rating of A (Excellent) to Stellar Insurance, the Bermuda-based captive of Saudi Arabian Oil Company (Saudi Aramco), the state-owned oil company of Saudi Arabia. 2 October 2017
Analysis
Kroll Bond Rating Agency (KBRA) is opening its first international office in Dublin, as part of an expansion into Europe. 28 September 2017
Analysis
Guernsey's signing of numerous Memoranda of Understanding (MoUs) with Chinese regulators and other industry bodies has provided a foundation for Guernsey to develop business with Chinese service providers and clients, according to Guernsey Finance. 28 September 2017
Analysis
The Labuan Financial Services Authority (Labuan FSA) has appointed Encik Danial Mah bin Abdullah as its new director-general for a three-year term, effective October 3. 26 September 2017
Analysis
The United States and the European Union have signed a landmark bilateral agreement on insurance and reinsurance, which aims to boost consumer protection and cut costs and red tape for EU re/insurers active in the US. 25 September 2017
Analysis
Crawford & Company, a provider of claims management solutions for insurance companies and self-insured entities, has made numerous appointments to its Asia leadership. 22 September 2017
Analysis
Ratings agency AM Best has affirmed the financial strength rating of A (Excellent) of Spirit Insurance Company and, based in Vermont, and Radius Insurance Company, based in the Cayman Islands. The outlook of these ratings is stable. 22 September 2017
Analysis
MAXIS Global Benefits Network, the employee benefits joint venture between MetLife and AXA, has appointed Nicola Fordham as director of underwriting. 21 September 2017
Analysis
Randall & Quilter (R&Q) has completed a novation of reinsurance policies issued between 2006 and 2011 from a group captive domiciled in the Cayman Islands. 21 September 2017
Analysis
Recent natural disasters have shone a spotlight on captive insurance, which can play an important role in helping organisations defray some of the related financial losses, according to Anne Marie Towle, executive vice president and captive consulting practice leader at JLT Insurance Management. 19 September 2017
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