Healthcare providers should be using their captives to fill in the gaps that have been exposed by the COVID-19 pandemic, ensuring they have more comprehensive coverage going forward, according to Michael Maglaras, principal of Michael Maglaras & Company.
Guy Carpenter has entered into a strategic relationship with RiskGenius to enhance its detection and qualitative analysis of silent cyber exposure across multiple lines of business.
AM Best is developing a stress test to apply to its rated insurance companies' balance sheets to gauge the impact of the COVID-19 virus fallout on their businesses.
Captive Alternatives is anticipating a rise in emerging and non-traditional risks, such as cyber, reputational, supply chain and employee benefits, which it sees as among the key drivers for growth this year.
Strategic Risk Solutions has named Kirk Cyrus as head of its Barbados operations.
Parametric insurance is the solution to the re/insurance industry’s problem with intangible assets, according to Marcus Schmalbach, the chief executive officer of RYSKEX.
Martin Eveleigh, chairman of Atlas Insurance Management, is delighted at having secured the sale of his business to Risk Strategies, a deal that completed on March 4, he told Captive International.
Cannasure Insurance Services, an insurance MGA and wholesale broker for the cannabis and hemp industries, has hired Summer Jenkins as senior product development manager.
The University of California (UC) will launch its fifth captive, Sequoia IC, within the next 60-90 days, subject to regulatory approval.
“Despite the fact that there are more than 100 insurance carriers that offer cyber coverage, there are only a handful of global insurers offering meaningful capacity for large international corporate customers on a primary basis,” according to Paul Woehrmann, head of captive services at Zurich Insurance Company.