KPMG hires senior manager for markets
KPMG has hired Jereme Ramsay as senior manager, markets, focusing on business development and marketing in Bermuda. He will take up his post in February and will support its growth strategy, spending around 60 percent of his time working with Bermuda’s insurance industry, including its captives.
Captives must start evaluating their Libor agreements: Johnson Lambert
Captives should begin evaluating agreements that refer to the London Interbank Offered Rate (Libor) as soon as possible, according to Elyssa Nagle, senior manager at Johnson Lambert, to identify which ones may need to be modified.
Rimac joins Maxis GBN
Peruvian insurance provider Rimac (Rimac Seguros y Reaseguros), part of the Grupo Breca conglomerate, has become a member of Maxis Global Benefits Network (Maxis GBN). It now provides medical and life cover to Maxis GBN clients in Peru.
Captives ensure risk management efforts are rewarded
Launching a captive can ensure risk management efforts are rewarded with lower premiums, according to Mary Wolbert, director at Froedtert Health, a healthcare company.
Captives: widely misunderstood
Captives do not trap cash for their owners, according to a panel titled Debunking Common Captive Myths, speaking at the Cayman Captive Forum.
Cayman struggles against “outdated, uninformed and inaccurate” negative perceptions
Cayman is constantly fighting against misconceptions and negative connotations that are “outdated, uninformed and inaccurate,” according to Suzanne Sadlier, deputy head of insurance at the Cayman Islands Monetary Authority (CIMA).
Captives should be realistic in their investment expectations, say fund managers
Captives should manage their expectations and not expect investment managers to always deliver sky-high, double digit returns, according to Hugh Barit, chairman and CEO of Performa.
Losses: the number one killer of captives
Captives are often focused on managing their fixed costs, but losses often constitute an even greater proportion of their expenses, according to Eric Lark, partner at Kerr Russell, the Detroit-based law firm.
AI can reduce hospital liability claims
Artificial intelligence can save lives in hospitals by helping doctors make better diagnoses, according to Harry Hoar, a doctor at Baystate Health.
How companies can win the war for talent
Companies are engaged in a war for talent that will only get increasingly fierce in coming years, according to Carla Harris, senior advisor at Morgan Stanley, as competitors fight to attract and retain the best young employees.
