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Data management key for growth in employee benefits sector, claims survey
Three quarters of employee benefits professional believe the enhance use of data and the application of innovative technologies to improve the employee experience are the primary growth opportunities for the employee benefits sector globally over the next two years.
Michael Maglaras to form Connecticut captive for crumbling foundations
Incorporators of captive insurer Connecticut Foundation Solutions Indemnity Company (CFSIC) have selected consulting firm Michael Maglaras & Company to act as superintendent for the captive that will distribute remediation funds to assist homeowners with crumbling concrete foundations.
Aviation industry ripe for captive insurance
Against a backdrop of experiencing low rates for a long period of time, the aviation market is well suited for alternative risk transfer solutions such as captive insurance.
More captives are insuring terrorism risk, shows Marsh report
More organisations looking to cost-effectively manage their net retained terrorism risk are using captive insurers to access the Terrorism Risk Insurance Program Reauthorisation Act of 2015 (TRIPRA), according to Marsh's 2018 Terrorism Risk Insurance Report.
SOBC Sandell forms Vermont captive manager with run-off focus
SOBC Sandell, a company that specialises in the acquisition and management of distressed re/insurance entities, has received regulatory approval from the Vermont Department of Financial Regulation to form a captive manager in the state.
Insurance separation bill passes Georgia senate
The Georgia state senate has passed a new bill that would amend the state's insurance law to allow the division of a domestic insurer into one or more parts, allowing them to separate themselves from unwanted exposures.
Holmes Murphy expands health insurance captive subsidiary
Holmes Murphy, an independent brokerage involved in property/casualty and employe benefits, has expanded its captive insurance subsidiary Main Street to include businesses with 10-50 employees.
Mid-size companies should mirror Fortune 500 and mull captives to tackle healthcare
Mid-sized companies should follow the lead of Amazon, JP Morgan and Berkshire Hathaway by taking a more proactive, long-term approach to the purchase of their employees’ healthcare in response to skyrocketing costs, according to Mike Schroeder, founder and president of Roundstone.
DARAG partners with New Nordic; establishes new cell
European legacy acquirer DARAG has formed a strategic partnership with London-based investment management company New Nordic Advisors, focusing on a number of project areas, including the provision of legacy, active business and restructuring solutions.
Strategic Risk Solutions targets carbon emission risk through partnership
Strategic Risk Solutions Europe (SRS Europe) has introduced a carbon emission risk programme to be run in conjunction with Kenneth Miger of Carbon Risk Solutions.
