Captives are set to increase their role in providing coverage for organisations that have found themselves lacking in coverage or underinsured in the aftermath of the COVID-19 pandemic.
Guernsey’s insurance industry is developing a green kitemark for its insurance-linked securities (ILS) platforms, to promote environmental, social and governance (ESG) issues.
Ken Randall, the executive chairman and co-founder of Randall & Quilter, will retire on March 31, 2021, and step down as a director of the company.
Dominic Wheatley has joined Cutts-Watson Consulting (CWC) as a consultant.
Wilton, the London-based professional service adviser, has launched Wilton Captive Services (WCS), offering consultative, turn-key business solutions for captive insurance and debt issuance for high net worth clients, private family offices and other professional entities.
MSL Captive Solutions (MSL), the specialist underwriting and consulting services firm, has hired Steve McFarland as managing director.
Jennifer Stalvey, the former head of the captive insurance department at the Tennessee Department of Commerce and Insurance, is moving to California to pursue creative projects.
A group of insurance industry executives has joined together to form Ten C’s, a startup that will develop parametric insurance for business interruptions and event cancellations due to pandemics and other systemic risks.
Aon has backed away from plans to reduce the salaries of around 70 percent of its staff.
An ill-judged response to the COVID-19 pandemic could trigger a flight to alternative transfer options such as captives, according to Airmic, the UK association for risk and insurance professionals.