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.
A lack of communication between risk managers and corporate communications departments could leave companies exposed to reputational risk, according to a joint report published by Airmic, the Risk and Insurance Management Society (RIMS) and the RepTrak Company.
Risk managers have highlighted extreme and unexplained changes to rates and terms as a particular area of concern, in a survey of the industry conducted by Airmic, the trade association for risk and insurance professionals.
Airmic and Aon have jointly published a new guide for risk and insurance professionals highlighting the key elements to be considered when working on mergers and acquisitions (M&A).
Airmic has signed a memorandum of understanding with ASIS International, The BCI (Business Continuity Institute) and the Institute of Workplace and Facilities Management (IWFM) to form the Resilience Alliance.
The Alabama Captive Insurance Association has hosted the first in-person conference for the captive industry in 2020.
The Bermuda Monetary Authority (BMA) registered 13 new insurance entities in August.
Voting for Captive International’s US Awards closes this week, with readers having until Friday September 25 to participate.
Marsh formed a record 76 new captive insurance companies between January and July 2020, an increase of over 200 percent compared to the same period in 2019.
Middle market organisations have been especially hard hit by online social engineering attacks during the pandemic, according to Beazley, the specialist insurer.