Richard Cutcher

Advantage Insurance has promoted Christina Kindstedt to president of Advantage Insurance Management (USA) LLC.

Experienced captive manager Christina Bell will join Davies later this year  as executive vice president for the firm’s captive management division in Guernsey.

Artex has expanded its Malta presence by completing the transition of Bee Insurance Management into its Artex EMEA business.

The Isle of Man pure captive owned by National Grid plc has had its financial strength rating affirmed ‘A-‘ (Excellent) and its long-term issuer credit rating affirmed as “a-” (Excellent).

While McGill & Partners is focused on broking for large, complex accounts, the prospect of a UK captive regime and further progress at Lloyd’s could tempt the firm into offering captive management services domestically, according to Stephen Cross, group COO & head of innovation & strategy.

The Federation of European Risk Management Associations (FERMA) is hopeful there will be more regulatory consistency between EU captive domiciles once Solvency II reform is implemented, but questions remain over implementation.

Artex has established a Vermont protected cell company (PCC), Artex Axcell PCC (Vermont), Inc, to provide organisations of all sizes an alternative platform for risk transfer.

The Indian government is preparing once again to introduce a captive framework to its insurance legislation, according to multiple reports in the country’s media.