Cyber is the most important business risk facing businesses in 2020, according to the Allianz Risk Barometer.
RKH Specialty has appointed Richard Putnam as divisional director for healthcare.
Alera Group, the Illinois-based employee benefits, property and casualty, retirement services and wealth management firm, has acquired Sylvia Group, which provides insurance, employee benefits and financial planning advice.
The State of Vermont licensed 22 new captive insurance companies in 2019, according to data released by the Vermont Department of Economic Development, and expects more activity to come.
eMaxx’s captives programmes have delivered a 46 percent reduction in frequency and significant impact in the severity of claim outcomes, one year after the energy captive programs were created, the group has said.
Marsh has appointed Sarah Stephens as head of cyber, international, within Marsh JLT Specialty.
Moody’s has reached a settlement with New York-based law firm Kirby McInerney after it was accused of underpaying New York State and New York City business taxes between 2002 and 2014. Moody’s is alleged to have mischaracterised its income as premiums to its captive, Moody’s Assurance Company (MAC).
The Bermuda Monetary Authority has named Craig Swan as its deputy chief executive officer, a position it created as it prepares for the departure of its executive chairman, Jeremy Cox, in 2021.
Artex Risk Solutions has appointed Peter Child as its head of its European operations, with oversight of Guernsey, Malta, Gibraltar and London offices.
Green Mountain Sponsored Captive Insurance Company has launched a group captive profit center program for the rented property sector.