Luke Harrison

WTW expects to manage up to five captives in France by the end of the year, according to Edwina Leclere, associate director of captives and insurance management solutions for France.

CIC Services has appointed Jake Ridgway as VP of people operations, where he will lead HR and operations to support organisational effectiveness, enhance company culture, and ensure company alignment with CIC Services’ objectives.

AM Best has revised the outlooks to negative from stable and affirmed the financial strength rating of A- (Excellent) and the long-term Issuer credit rating of “a-” (excellent) of Vermont-domiciled Agrinational Insurance Company.

Texas-based INTX Insurance Software has launched in North American, following 20 years of providing insurance solutions to clients in the United Kingdom, Europe, the Caribbean, Bermuda and Africa.

The Oklahoma Captive Insurance Association (OCIA) has appointed a new leadership team following its elections, which sees Renea Louis of Sotera Global Management, appointed as president and chairwoman, while Matt Moore, of CamGen Partners, was elected as VP and vice chairman.

AM Best has assigned a financial strength rating of ‘A-‘ (excellent) and a long-term issuer credit rating of “a-” (excellent) to Oklahoma-domiciled OneNexus Oklahoma Captive Corp (OneNexus). The outlook for the ratings is stable. 

The United States Court of Appeals for the Fifth Circuit has affirmed the Tax Court’s previous decision disallowing tax deductions for insurance premium payments made by Dr Bernard Swift’s medical practice to his captive insurance companies and upholding associated penalties.

High-performing small to middle market firms are looking for a “product not a solution” when it comes to captive insurance, according to Andy Jeckells, CEO and co-founder at I-RE.