TDCI names Joshua Clark as director of business development for insurance
The Tennessee Department of Commerce and Insurance (TDCI) has appointed Joshua Clark as its new director of business development for the insurance division, where he is responsible for expanding the use of captives.
Artex Bermuda hires William Wood as director of captive and commercial
Artex has hired William Wood as director of captive and commercial in Bermuda. A newly created role, Wood joins the senior management team in Bermuda, taking on responsibility for the island’s captive and commercial re/insurance management operations.
SRS unveils new office in Luxembourg, makes three hires in Europe
Strategic Risk Solutions (SRS), a provider of captive management and consulting services, has unveiled its new Luxembourg captive management branch. The office is headed up by Brian Collins, who joins SRS as managing director.
South Africa’s FSCA proposes new rules for cell captives
South Africa’s Financial Sector Conduct Authority (FSCA) has published a revised draft of its conduct standard outlining the requirements relating to third party cell captive insurance business.
DARAG appoints Elliott Goss as group head of claims
DARAG Group, the legacy acquirer, has appointed Elliott Goss as group head of claims.
US captives outperform commercial market counterparts for profitability: AM Best
US captives rated by AM Best continued their run of strong financial results in 2019, according to AM Best’s Market Segment Report, titled Commercial Market Dislocation Could Provide New Opportunities for Captives to Fill the Void.
Guy Carpenter hires global risk MD for Europe and MENA
Guy Carpenter, the reinsurance broker, has appointed Andrea Piatti as managing director in its Global Risk Solutions unit, covering Europe, the Middle East and North Africa (MENA).
RYSKEX wins Lloyd’s Lab Fusion event with parametric cover for US power outages
RYSKEX has been named as the winner of the Lloyd’s Lab Fusion event, designed to test early-stage start-up ideas aimed at dealing with COVID-19 and other systemic risks.
Willis pension scheme uses a Guernsey captive to execute a longevity swap
The Willis pension scheme has executed a longevity swap through its Guernsey-based captive.
Davies acquires Citadel Risk’s captive operations
The business will be re-branded and trade as part of Davies Captive Management.
