Cyber tops concerns on Allianz Risk Barometer for the first time
Cyber is the most important business risk facing businesses in 2020, according to the Allianz Risk Barometer.
RKH Specialty eyes international growth with healthcare hire
RKH Specialty has appointed Richard Putnam as divisional director for healthcare.
Alera enhances property and casualty offering through Sylvia acquisition
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.
Vermont licensed 22 new captives in 2019
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.
Energy captives slash frequency and severity of claims in a year
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 names cyber chief for international business
Marsh has appointed Sarah Stephens as head of cyber, international, within Marsh JLT Specialty.
Moody’s settles captive fraud case
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).
BMA lines up replacement for Cox ahead of 2021 departure
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 names Guernsey office chief as head of European operations
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 launches group captive for rented property sector
Green Mountain Sponsored Captive Insurance Company has launched a group captive profit center program for the rented property sector.
