AM Best promotes 2020 Bermuda Captive Conference as a bronze sponsor
Susan Molineux and Fred Eslami, a director and associate director, respectively, at AM Best, will attend the 2020 Bermuda Captive Conference, while AM Best is promoting the event as a bronze sponsor.
BMA promotes Gerald Gakundi to director of supervision for insurance
The Bermuda Monetary Authority (BMA) has named Gerald Gakundi as its new director of supervision for insurance, promoting him from his former role of deputy director of the group.
DARAG Bermuda provides finality for Cayman reinsurer
DARAG has concluded a novation agreement with an unnamed Cayman reinsurer to provide finality for its US liability books, in a deal valued in excess of $40 million.
Roundstone pays out $10m to medical group captive members
Roundstone, a Lakewood-based health insurance provider offering self- funded group captive solutions, has made more than $10 million in cash distributions to business owners across the US.
DARAG makes two senior appointments to its German risk carrier
DARAG Group has named Peter Klingspor as chief financial officer of DARAG Deutsche Versicherungs- und Rückversicherungs, its German risk carrier. He will join DARAG on September 1.
Oklahoma reduces capitalisation requirement for some special purpose captives
The Oklahoma Insurance Department (OID) has reduced the capitalisation requirement for certain special purpose captive insurers to $50,000, effective from September 16, 2020.
McGriff launches group captive offering, headed by Steve Aldrich
McGriff, the full service insurance broker, has formed a new group captive practice, McGriff Captive Solutions (MCS), headed up by Steve Aldrich who also serves as McGriff’s industry practice group leader.
Risk Strategies names Jennifer Johnston as chief marketing officer
Risk Strategies has appointed Jennifer Johnston to the newly created position of chief marketing officer.
SCDOI makes four promotions in the captives division
The South Carolina Department of Insurance (SCDOI) has promoted Dan Morris to deputy director for solvency. He takes on overall responsibility for the captive division, as well as the analysis and examination of traditional companies, replacing Lee Hill, who recently retired.
Sapiens to enhance its workers’ compensation platforms with predictive AI technology
Sapiens International Corporation, the technology provider to the insurance industry, has partnered with Gradient AI, a provider of artificial intelligence for insurance and risk management, to enhance its Sapiens CoreSuite for Workers' Compensation and Sapiens GO for Workers' Compensation platforms.
