Articles

Actuarial & underwriting

Compass Group points the way to improved risk management

The COVID-19 pandemic has taken a heavy toll on Compass Group, the contract catering business. When the virus struck the company was in the process of overhauling its insurance and risk management strategy, and now an enhanced role for its captives may position it well for future challenges. Captive International spoke to Compass Group's Scott Feltham.   28 October 2020

Actuarial & underwriting

deVere Group to launch White Knight, a Guernsey-based captive

deVere Group, an independent financial advisory and fintech company, has been granted a license to form a captive insurance company in Guernsey by the Guernsey Financial Services Commission (GFSC).   26 October 2020

Actuarial & underwriting

CFSIC suspends payments for crumbling foundations until July 2021 due to lack of cash

The Connecticut Foundations Solutions Indemnity Company (CFSIC) will not provide any more participation agreements to support further work on crumbling foundations until at least July 2021, CFSIC has said.   22 October 2020

Actuarial & underwriting

Katherine Keefe joins Marsh to strengthen US cyber offering

Marsh has appointed Katherine Keefe as US cyber incident management leader.   14 October 2020

Actuarial & underwriting

BMA registers two new captives in September

The Bermuda Monetary Authority registered two new single parent captives in September.   12 October 2020

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

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