Faisal Ansari has been named as head of the newly formed corporate strategic solutions team at Barclays Corporate Banking in London, which oversees the captives business among other areas.
Airmic, the UK-based association of risk management professionals, has called for insurers and brokers to rethink the way they interact with their customers.
Ryan Specialty Group (RSG) has hired Anthony Hanes as president of Stetson Insurance Funding, which specialises in financing commercial and personal lines insurance premiums for the excess and surplus insurance lines industry.
Marsh has hired Gisele “Gigi” Norris to lead its US healthcare practice.
Astaara, the specialist marine cyber insurer, has hired Philip Ponsford as deputy chief cyber officer, while Samira Hmam becomes senior business development director.
The Delaware Department of Insurance (DDI) licensed 70 new captives in 2020, including 67 conditional licenses, contributing $1 million to the City of Wilmington and $2.9 million to the State of Delaware General Fund in Fiscal Year 2020.
North Carolina licensed 47 new captive insurance companies in 2020, and approved 126 cells and series.
Businesses should invest in upgrading their cyber security protection for remote workers, even if they expect to have people back in the office relatively soon, according to Chris Biggs, a partner at Theta Global Advisors, an accounting and consultancy company.
Manufacturing companies should consider using captives to fill gaps in their commercial insurance coverage, according to Randy Sadler, a principal with CIC Services.
AIRROC will host two virtual events in February looking at legacy deals and insurance business transfers (IBT), respectively.