Mars has increased the use of its captive in recent years, backed by reinsurance, to “maintain cash internally for as long as we can,” according to Christopher de Wolfe, the global director of risk management at Mars.
Marsh has launched a dedicated sharing economy and mobility (SE&M) industry group in the UK and Ireland.
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.
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.
Randall & Quilter Investment Holdings (R&Q) recorded its most profitable year ever in 2019, with both programme management and legacy business lines enjoying robust growth.
The insurance industry must adopt a more responsible and business-sensitive approach to the COVID-19 pandemic, or it risks undermining the trust and loyalty of customers.
Davis is credited with playing an active role in growing Vermont’s global captive presence, particularly in new and emerging markets.
AM Best withdraws ratings for American Transportation Group Insurance Risk Retention Group after downgrade
AM Best has downgraded the Financial Strength Rating of American Transportation Group Insurance Risk Retention Group (ATGI) to C++ (marginal) from B (fair), before withdrawing its rating altogether.