Willis Group Holdings has set up a Willis-owned and managed captive insurance facility in Malta. The new facility, Lime Street Insurance PCC Ltd, began operations on September 20. Willis said the new captive will underwrite risk for entities across the …
Veteran Costa Rican climate diplomat Christiana Figueres is set to be appointed as the new United Nations climate chief, sources familiar with the matter said on Monday. The sources said U.N. Secretary-General Ban Ki-moon had chosen Figueres over former South …
Representatives of riverside communities in Montana say looming federal requirements that they upgrade or certify local levee systems could overwhelm small town budgets. Homeowners in areas that don’t meet the requirements would see flood insurance rates increase. The government is …
A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and the issuer credit rating of “a” of Italy’s Societa Cattolica di Assicurazione – Societa Cooperativa. Both ratings gave negative outlooks. Best said the ratings reflect its “expectation …
Willis Group Holdings announced that Pauline Margrett has been appointed Chief Operating Officer for its Global Captive Practice. She is based in London and will report to Tom Coughlin, the Global Captive Practice leader. The announcement notes that Margrett’s career …
Promises of high profits, low risks, and guaranteed returns may sound too good to resist to cash-strapped investors in a recovering economy, but Montanans struggling to avoid getting scammed don’t have to go it alone. Montana Commissioner of Securities and …
A.M. Best Co. has affirmed the financial strength ratings of ‘A’ (Excellent) and the issuer credit ratings (ICR) of “a” of Aspen Insurance UK Limited (AIUK) and Bermuda-based Aspen Insurance Limited (AIL) (Bermuda). Best also affirmed the ICR of “bbb” …
Aon announced that part of its White Rock operation, described as a “unique group of insurance and reinsurance vehicles with operations in key domiciles including Bermuda, Gibraltar, Guernsey and Luxembourg,” has been redomiciled. The move only affects White Rock Insurance …
Malcolm Cutts-Watson, Chairman of Willis Management (Malta) Limited, the captive insurance management specialist of Willis Group Holdings, announced the appointment of Anne Finn as Executive Director. Willis said the appointment is “in response to growing captive insurer and third party …
The Federation of European Risk Management Associations (FERMA) has issued a bulletin welcoming the vote by the European Parliament on October 7, which endorsed a “vast majority of the special amendments regarding the special status of captive insurance and reinsurance …
