Aon has expanded the scope of CyQu Enterprise, its cyber risk assessment methodology, to account for the increased time people are working remotely due to COVID-19.
Captive owners spending more on analytics to drive down costs and improve safety culture: CICA panel
Captive owners are increasing their use of analytics, and spending more time understanding their data, as they look for ways to mitigate and minimise factors that contribute to losses in the workplace, according to Gordon Padera, executive vice president at Gallagher Bassett Services.
Machine Cover, a technology company that creates parametric products for the insurance industry, is developing what it believes to be the world’s first pandemic insurance product based on parametric triggers.
“COVID-19 is as good an illustration as you could come up with to show that companies face risks out there that will not be covered by standard coverages,” according to Barbara Ingraham, managing director of excess and surplus at Verisk.
There was continued interest in captive insurance in Guernsey throughout its period of lockdown, according to speakers at the Guernsey Captive Briefing Webinar on June 3.
ICDC, a wholly owned subsidiary of Randall & Quilter Investment Holdings based in Vermont, has entered into a stock purchase agreement to acquire NationsBuilders Insurance Company (NBIC), a Washington DC-domiciled captive, from NationsBuilders Insurance Services (NBIS).
Randall & Quilter Investment Holdings has completed a loss portfolio transfer from Houston International Insurance Group (HIIG).
A new insurance services business called Astaara Company has launched to protect maritime companies from cyber threats.
Cayman International Insurance (CII) has cancelled the Cayman Captive Forum in December 2020 due to the uncertainty around the COVID-19 pandemic.
The Self Insurance Institute of America (SIIA) will hold a virtual town hall on June 2 with Congresswoman Lisa Blunt Rochester, a Democrat representing Delaware who serves on the energy and commerce committee.