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There is a large amount of value for real estate firms forming joining group captives, particularly those middle market and smaller sized firms, according to John Philipchuck, founder and CEO at Propriety Insurance.

The South Carolina Department of Insurance (SCDOI) has named Andy Noga as its new director of captives, bringing over 30 years of experience to the role.

Strategic Risk Solutions has appointed Ralph Goldener as managing director in the firm’s SRS Switzerland office.

WTW has appointed Jody Yee as head of alternative risk solutions (ART) for the Americas.

Arkansas lawmakers have proposed legislation that would create more sustainable property insurance for public schools, state-supported institutions of higher education, and state-owned properties in the state by utilising a captive formed under a state captive insurance programme.

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.