A team of asset management advisors has left UBS to launch 1280 Financial Partners, an independent advisory firm in the United States.

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

The additional $12m funding received from Caffeinated Capital will help Luzern Risk meet market demand and accelerate its investment in technology, according to Gabriel Weiss, CEO & co-founder of the captive manager.

New York governor Kathy Hochul has signed the FY2026 state budget into law, which allows the New York Convention Centre (Javits Centre) to create a pure captive insurer.

Arizona governor Kate Hobbs has signed into law HB 2193 that reduces the minimum unimpaired paid-in capital and surplus that a protected cell must possess and maintain from $500,000 to $250,000.

South Carolina Senate Bill (SB) 210 has passed the State legislature and is now awaiting the signature of Governor Henry McMaster to be signed into law.

Jeometri Insurance Managers plans to utilise its combined experience with Alpha Growth to maximise the use of a new Guernsey protected cell company (PCC), subject to regulatory approval, according to Aaron Slattery, client services director at Jeometri.

Marsh McLennan has appointed Typhaine Beaupérin as client leader for risk management, Europe, effective end of June 2025, where she will be responsible for delivering tailored solutions that support European clients’ risk management needs.