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.
“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.
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 Solutions has hired Christine DeFelice as managing general underwriter to lead its architects and engineers (A&E) professional liability team.
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).
Lesley Thompson has been named as leader of Willis Towers Watson’s Cayman office.
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 average commercial insurance prices increased 14 percent in Q1 2020, according to the Global Insurance Market Index, released by Marsh.
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.