MSL Captive Solutions (MSL), the specialist underwriting and consulting services firm, has hired Steve McFarland as managing director.
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.
Parametric insurance is set to increase its share of the indemnity insurance market in coming years, reflecting the growing importance of intangible assets like intellectual property as components of company valuations.
Randall & Quilter Investment Holdings has acquired a captive insurer domiciled in Vermont, its third captive acquisition so far in 2020.
There has been a fourfold increase in cyber-attacks in the maritime industry since February, according to Astaara, a cyber insurance specialist.
An increasing number of companies are considering writing directors and officers insurance through their captive, but they should be aware of some challenges this arrangement can present, according to Willis Towers Watson.
The COVID-19 pandemic is set to increase the use of runoff solutions, as companies and insurers alike review their risk exposures and adapt their businesses to cope with new economic and social realities.
Hartford Steam Boiler (HSB), part of Munich Re, has extended its identity recovery coverage for business employees to family members and other groups, including membership associations, university students and alumni.
AmTrust Exec, a division of AmTrust Financial Services that offers a full suite of management liability products, has introduced a new commercial crime product to provide coverage for a wide range of medium- and large-sized businesses.
Beazley has entered into a new contracted relationship with Vizient Insurance Services, a subsidiary of Vizient, to offer active shooter coverage.