R&Q makes third captive acquisition of 2020
Randall & Quilter Investment Holdings has acquired a captive insurer domiciled in Vermont, its third captive acquisition so far in 2020.
Guernsey insurance industry signs up to UN Principles for Sustainable Insurance initiative
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.
SCCIA cancels 2020 Annual Executive Educational Conference
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.
TDCI names Belinda Fortman as captive insurance section director
The Tennessee Department of Commerce and Insurance (TDCI) has named Belinda Fortman as its new captive insurance section director.
IRS petitions court in a bid to obtain confidential information from DDOI
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.
Maritime businesses see fourfold increase in cyber attacks since February: Astaara
There has been a fourfold increase in cyber-attacks in the maritime industry since February, according to Astaara, a cyber insurance specialist.
Cyber attacks becoming less frequent but more costly: Hiscox
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.
Writing D&O through a captive could cause problems: Willis Towers Watson
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.
Runoff strategies can help captives adjust to post-COVID-19 world: CICA
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 appoints Clarke Smith as director of underwriting
Trident Marine Managers (TMM) has appointed Clarke Smith as director of underwriting.
