Oklahoma-based Helio has hired Jerry Messick and Jonathan Messick, principles at Unity Captive Solutions, to provide captive services under the Helio Risk brand.

AM Best has upgraded the long-term issuer credit rating to “a+” (excellent) from “a” (excellent) and affirmed the financial strength rating of ‘A’ (excellent) of Vermont-domiciled Restoration Risk Retention Group (RRRG).

AM Best has assigned a financial strength rating of ‘A-‘ (excellent) and long-term issuer credit rating of “a-” (excellent) of Vermont-domiciled Sustainable Assurance Company (SAC). The outlook for the ratings is stable. SAC is a wholly owned captive of Pennsylvania-based solid...

HDI Global SE has hired Melanie Windirsch as head of international programmes, where she will be responsible for 50 colleagues in the departments of HDI Global IP Services, IP Operations and Technology, and Global Network.

The Internal Revenue Service (IRS) will increase the annual premium limit for captives taking the 831(b) election to $2.85m for 2025.

It has been announced by the Bermuda Captive Network that WTW’s Leslie Robison has passed away.

Bill Mourelatos has joined GPW and Associates as senior vice president of business development and speciality captives.

There is still hope that the Labour Government might look to announce a UK captive consultation at a later date, despite industry disappointed around its exclusion from today’s budget.