Medical professional liability insurer Coverys intends to acquire Randall & Quilter Managing Agency, a fully authorised turnkey managing agency at Lloyd's of London, and part of R&Q, a non-life insurance investor, underwriting manager, captive manager and service provider.
Insurance and risk managers will need to work together to create a new business model, if they are to retain value and relevance to business, according to analysis from Airmic, AXA Corporate Solutions, Chubb and JLT Specialty.
Captives are continuing to demonstrate their value in the management and retention of risk, as they venture out from covering mainstay risks to the more non-traditional.
Willis Towers Watson’s Global Services and Solutions (GSS) practice has appointed Paul Devitt as director, based in London.
A new Captive Insurance CE Learning Center, featuring online courses on captive insurance and related topics, has been launched partly on the back of industry demand for less structured courses of this nature and will be suitable for executives with varying degrees of experience around captives.
The Canadian and Cayman Islands insurance markets are made for each other, according to representatives from the Insurance Managers Association of Cayman, who have been showing increased interest in Canadian captives.
Nevada is now home to 150 active captives, the largest number in its history, after the state approved 30 new captives in 2013.
Gibraltar plans to become an Insurance Linked Securities (ILS) jurisdiction within the European Union.
Ocean Reinsurance Company, which focuses on reinsurance and offers a diversified product mix in several countries throughout South America, has been issued a financial strength and issuer credit rating of “A-“ and “a-“ respectively.
BevCap Health is the first cell of BevCap Sponsored Captive Insurance, Inc.