Articles

Actuarial & underwriting

AM Best assigns rating to Pemex captive

AM Best has assigned a financial strength rating of B++ (Good) to Kot Insurance Company, the captive reinsurer for Petroleos Mexicanos (PEMEX), the Mexican state-owned oil and gas company.   5 October 2020

Actuarial & underwriting

Mark Simons returns to Bowring Marsh to strengthen FinPro

Bowring Marsh, Marsh’s international placement specialist, has hired Mark Simons as senior vice president on its financial and professional liability (FinPro) placement team.   28 September 2020

Actuarial & underwriting

Captives help ward off the four horsemen of the hardening market

Businesses are being visited by the four horsemen of the hardening market, according to Oliver Schofield, managing partner at RISCS and head of captive and alternative risk transfer at Principal Re.   24 September 2020

Actuarial & underwriting

Captives offer businesses a route into the world of parametric insurance

Parametric insurance is generating a lot of attention as a flexible and cost-effective alternative to traditional forms of insurance. Captives offer a good way for companies to access this type of insurance, says Sigma’s Lori Ussery.   23 September 2020

Actuarial & underwriting

Number of captives writing pandemic coverage set to grow: Marsh

At least 25 captives managed by Marsh are writing coverage for pandemic risks, according to a Marsh report titled Captives Offer Value in Uncertain Times.   22 September 2020

Actuarial & underwriting

BMA registers W Insurance in August

The Bermuda Monetary Authority (BMA) registered 13 new insurance entities in August.   22 September 2020

Actuarial & underwriting

RSG Underwriting Managers names new management team following All Risks merger

Ryan Specialty Group has appointmented Nick Cortezi as chairman and chief executive officer of RSG Underwriting Managers, while Matt Nichols becomes president.   17 September 2020

Actuarial & underwriting

Astaara names Howard Potter as head of marine cyber

Astaara, the Guernsey-based marine insurance and risk assessment firm, has appointed Howard Potter as its new head of marine cyber.   14 September 2020

Actuarial & underwriting

SRS set to acquire Dyna Management Services

Strategic Risk Solutions (SRS) will acquire the operations of Dyna Management Services, an independently owned insurance management company headquartered in Bermuda.   14 September 2020

Actuarial & underwriting

Market hardening has a long way to go, warns panel at Bermuda Captive Conference

Businesses should not expect an end to the hardening market any time soon, according to panelists at the Bermuda Captive Conference this week, speaking at a panel session titled Insights on a Hardening Insurance Market.   11 September 2020

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