Strategic Risk Solutions has appointed Ralph Goldener as managing director in the firm’s SRS Switzerland office.

Arkansas lawmakers have proposed legislation that would create more sustainable property insurance for public schools, state-supported institutions of higher education, and state-owned properties in the state by utilising a captive formed under a state captive insurance programme.

AM Best has assigned a financial strength rating of B++ (good) and a long-term issuer credit rating of “bbb+” (good) to Texas-domiciled Cadence Indemnity Inc. The outlook for the ratings is stable.

AM Best has revised the outlook to positive from stable and affirmed the financial strength rating of A- (excellent) and the long-term issuer credit rating of “a-” (excellent) of South Carolina-domiciled Fidvest US.

Richard is joined by Melissa Hollingsworth, Deputy Chief Risk Officer at the Los Angeles Unified School District, who will explain why LAUSD recently formed a pure captive and how they look to expand it in the coming years.

Ryan Specialty has promoted Chicago-based Matt Havey to president of its alternative risk underwriting business, Ryan Alternative Risk.

When it comes to generating surplus, captive owners operate differing strategies, with some insureds intent on posting a large profit, while others utilise the captive primarily to reduce premium spend and remain content to simply breakeven.

London & Capital and Waverton Investment Management will be consolidating their brands under a new name, W1M.