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MAXIS Global Benefits Network has appointed Alexandre Rizk and Nannecy Dulin to director positions within its global business development team. 

MSIG Europe is building out its captive and alternative risk transfer capabilities with the appointment of Dr Reiner Hoffmann as head of captive and ART from 1 November, 2025.

Faced with escalating insurance costs, reduced market capacity, and increasingly complex global risks, auto manufacturers are rethinking their approach to risk management and increasingly adopting captives.

AM Best has revised the outlooks to negative from stable and affirmed the financial strength rating of ‘B+’ (good) and the long-term issuer credit rating of “bbb-” (good) of Tennessee-domiciled Star Mutual Risk Retention Group.

Standard Life, part of Phoenix Group, has completed a £1.9bn bulk purchase annuity transaction with the Sedgwick section of the MMC UK Pension Fund.

Despite the latest 831(b) micro-captive case, CFM Insurance, Inc. v. Commissioner of Internal Revenue, once again going in favour of the Internal Revenue Service, this particular case proved a much closer affair, with the Tax Court ruling in favour of the captive on certain issues, particularly around risk distribution.

The Vermont Captive Insurance Association (VCIA) has announced Ian Davis, senior vice president of captive insurance at M&T Bank, will succeed Kevin Mead as president of the Association from 1 September.

The Hong Kong Insurance Authority (HKIA) has granted authorisation to SAIC Motor Insurance, a captive owned by the SAIC Motor Corporation.