Superstorm Sandy: a lesson in disaster recovery
Superstorm Sandy caused significant insured losses on the East Coast of the US. Considerable property damage was suffered, while for many there was significant – and for some, ongoing – interruption to their business operations.
New fees for Cayman captives outlined
During a speech at the 2012 Cayman Captive Forum, Mark Scotland announced the passing of a new regulations under the Cayman Islands Insurance law (2010), including the fee schedule for captives.
Solvency II implementation will be strategic for captives
Recent claims by some in the industry that the costs of Solvency II compliance could be passed to captives will not necessarily be true, according to European insurance experts.
BlackRock targets infrastructure investments
BlackRock plans to launch a new investment unit that will specialise in structuring investment opportunities that would allow insurers and captives to invest in infrastructure debt.
London & Capital offers cell captives a new service
Independent wealth management firm London & Capital will begin offering a managed portfolio solution specifically for cell captives.
Willis streamlines captive admin and underwriting
Willis Global Captive Practice has launched WillisCaptus, an online underwriting and data management system it says is targeted specifically at captives, healthcare providers and risk retention groups.
Barclays Wealth appoints captives specialist
Barclays Wealth and Investment Management has appointed Simon Phillips as head of Captive Insurance.
Vantage hires captive insurance manager
Vantage, the Jersey-based insurance and financial services company, has expanded its captive management division by recruiting Giles Dalby as captive insurance manager.
SPARTA boosts team with senior underwriter
Specialty Program and Risk Transfer Alternatives (SPARTA) has appointed Tom Colosi as senior vice president of underwriting. Colosi will be based in the company’s headquarters in Hartford, Connecticut.
CICA criticises NAIC report into captive regulation
The Captive Insurance Companies Association (CICA) has this week criticised the findings of a white paper published by the National Association of Insurance Commissioners (NAIC).
