BevCap Management, a provider of captive insurance, benefits consulting and risk management services, has entered into a strategic partnership with virtual physical therapy company Reflexion Health, which will provide BevCap clients with a digital platform enabling clinicians to remotely monitor patients.
Willis Towers Watson has introduced a digital tool to help organisations analyse the financial feasibility and future profitability of their captive insurance strategies.
Marsh has appointed Kevin Richards to the newly created role of global head of cyber risk consulting, based in Chicago.
While much is already being done, the captive industry on Bermuda in particular would benefit from more being done in schools and universities to educate young people about the opportunities the industry can offer – especially as technology becomes more important to risk-transfer and the industry will rely on millennials to drive this forward.
CIC Services, a risk management consulting firm specialising in captive management, has selected software provider CHSI's core enterprise insurance management software to boost efficiencies within its operation and position the firm for growth.
AM Best has affirmed the Financial Strength Rating of A- (Excellent) of Casiopea Re, a captive reinsurer based in Luxembourg. The outlook of the ratings remains stable.
Precise Leads, a New York-based customer prospecting firm, has added Stuart Ganis, an insurance industry veteran, to its board of advisors to help serve its network of captive insurance agents.
The Department of Insurance’s (DOI) captive insurance program contributes nearly $360 million to Delaware’s annual gross domestic product, claims an economic impact study by the University of Delaware (UD).
The National Association of Insurance Commissioners (NAIC), the US standard-setting and regulatory support organisation, has introduced three new initiatives to help protect consumer information and educate the public about cyber risks.
Companies need to view cyber security in a different way and focus less on spending a lot of money on preventing breaches and more on how prepared they are to limit the damage if one does occur.