Premium content

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.

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.

Bermuda-headquartered global specialty (re)insurer SiriusPoint has partnered with US-based broker Holmes Murphy and its subsidiary MGA Innovative Program Solutions (IPS) to launch an umbrella excess insurance product tailored to...

Lara Martiner will succeed Grant Maxwell as Allianz’s global head of alternative risk transfer from 1 April, overseeing structured insurance, captive fronting and parametric products.

The number franchisees looking to utilise group captive structures in the United States is growing according to Joseph Davina, SVP and head of group captives at AXA XL.