CIMA heralds Q1 growth in the captives space, predicts a strong year to come
Cayman’s international insurance industry has reported robust growth in the captives and insurance industry in Q1, 2020, with the Cayman Islands Monetary Authority (CIMA) predicting a strong year for the sector to come.
Operate with a hard market mentality at all times: CICA captive strategies panel
“Captives should structure, domicile and operate with a hard market mentality at all times, and take advantage of softening when they can,” according to Peter Rosiere, a vice president of risk management at Sodexo.
UK risk body Airmic unveils virtual risk festival
Airmic, the UK association for risk and insurance professionals, has unveiled a major three-day virtual festival in September for risk and insurance professionals and the wider risk and insurance community.
CorRisk hires Christine DeFelice to lead architects and engineers professional liability
CorRisk Solutions has hired Christine DeFelice as managing general underwriter to lead its architects and engineers (A&E) professional liability team.
TCIA drafts letter to IRS about micro captives
The Tennessee Captive Insurance Association (TCIA) will write a letter to the Internal Revenue Service (IRS) regarding IRS Letter 6336, it has confirmed.
Commercial insurers cannot cover pandemics via business interruption, says American Academy of Actuaries
Business interruption (BI) payments related to the COVID-19 pandemic should be covered by federal insurance programmes, rather than the commercial market, according to the American Academy of Actuaries (AAA).
Willis Towers Watson appoints Lesley Thompson to lead Cayman office
Lesley Thompson has been named as leader of Willis Towers Watson’s Cayman office.
Insurers must be more responsible, or risk long term damage to client relationships: Airmic
The insurance industry must adopt a more responsible and business-sensitive approach to the COVID-19 pandemic, or it risks undermining the trust and loyalty of customers.
Global commercial insurance prices increase 14%: Marsh
Global average commercial insurance prices increased 14 percent in Q1 2020, according to the Global Insurance Market Index, released by Marsh.
FERMA launches cat risk business interruption taskforce
The Federation of European Risk Management Associations (FERMA) has launched a taskforce to make proposals to address the issue of business interruption coverage for catastrophic risks.
