Randall & Quilter Investment Holdings has acquired a captive insurer domiciled in Vermont, its third captive acquisition so far in 2020.
The Guernsey International Insurance Association (GIIA) has signed up to the United Nations’ Principles for Sustainable Insurance (PSI) initiative, as part of its commitment to the development of green and sustainable finance.
The South Carolina Captive Insurance Association (SCCIA) has cancelled its 2020 Annual Executive Educational Conference, which was scheduled for September 15-17 in Charleston, South Carolina.
The Tennessee Department of Commerce and Insurance (TDCI) has named Belinda Fortman as its new captive insurance section director.
The IRS has petitioned the US District Court for the District of Delaware to enforce a summons for documents held by the Delaware Department of Insurance (DDOI) related to the IRS’ microcaptive investigation.
There has been a fourfold increase in cyber-attacks in the maritime industry since February, according to Astaara, a cyber insurance specialist.
The number of US businesses that experienced an attack fell this year, according to the annual Hiscox Cyber Readiness Report 2020. However, it was not all good news, with the cost of each individual attack rising considerably year on year.
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.
Trident Marine Managers (TMM) has appointed Clarke Smith as director of underwriting.