Luke Harrison

AM Best has affirmed the financial strength rating of A- (excellent) and the long-term issuer credit rating of “a-” (excellent) of Switzerland-domiciled Sigurd Rück AG.

AM Best has affirmed the financial strength rating of A- (excellent) and the long-term issuer credit rating of “a-” (excellent) of Texas-domiciled Triple Crown Assurance Co. (TCA). The outlook of these credit ratings is stable.

InterContinentals Hotel Group (IHG) has started the process of obtaining Department of Labor (DoL) approval to write Employee Retirement Income Security Act (ERISA) benefits in the United States.

RIMS Ontario Chapter (ORIMS) has presented the Donald Stuart award to Daniel Desjardins, senior director of global risk management & insurance at Bombardier.

I–RE has strengthened its RE–PAID captive product with the addition of professional liability (PL) alongside general liability (GL) for the care sector, with the cover being offered as a combined policy.

Reinvesting captive dividends or plan profits into healthcare prevention, precaution and early treatment can make a significant cost mitigating impact on rising medical costs on employee benefits programmes, according to a panel speaking at Zurich’s Captive Dialogue Day on 25 June.

Goldman Sachs Asset Management been appointed by Shell’s captive and various pension entities to manage a $40bn mandate for international pension plan assets in Europe and provide advisory services for pension plans in North America.

AM Best has affirmed the financial strength rating of ‘A’ (excellent) and long-term issuer credit rating of “a” (excellent) of Guernsey-domiciled Jupiter Insurance. The outlook for the ratings is stable.