Captive insurance regulators should use consulting actuaries to analyse the loss projections of captives under their oversight to determine whether they are engaged in genuine risk transfer.
DARAG North America has appointed Stuart Brown and Helen Weinstein as chief financial officer and general counsel, respectively. They will both be based in DARAG’s newly established US headquarters in Atlanta, Georgia.
COVID-19 is set to cause a spike in medical malpractice claims over the next 12-18 months, despite its impact having not yet been fully felt yet, according to Clare Bello, senior vice president at VCM, a division of CCMSI.
Re/insurers can address capacity issues and improve their relationships with clients by embracing digital transformation and the potential of new technology such as blockchain and artificial intelligence.
Casey Neilon, an accounting consultancy that specialises in working with entrepreneurs, has promoted Marie Cove and Thaaron Kalt to managers, while Haley Munns becomes a senior accountant.
ICDC, a wholly owned Vermont subsidiary of Randall & Quilter Investment Holdings, has completed its acquisition of NationsBuilders Insurance Company (NBIC), a Washington DC-domiciled captive from NationsBuiders Insurance Services.
The Alabama Captive Insurance Association (ACIA) is going ahead with its annual conference as a physical, in-person event on September 16-18, 2020 in Birmingham.
Eileen Currie has been appointed as president and chief executive officer for the insurance operating companies at eMaxx, a commercial property and casualty insurtech.
The Bermuda Monetary Authority (BMA) confirmed the registration of Pearl Insurance Group, a class one insurer, in July.
DARAG Group will acquire Arisa Assurances, an automobile and travel insurance company, marking its first company acquisition in Luxembourg.