The UK Supreme Court’s ruling on business interruption (BI) insurance is likely to be a boon to captives, according to Seth Rachlin, global insurance industry leader at Capgemini.
Labuan International Business and Financial Centre (Labuan IBFC) has signed a memorandum of understanding (MoU) with RAM Rating Services, a Malaysia-based rating agency, that will see Labuan-based companies adopt RAM Ratings’ Labuan Entity Corporate Assessment (LECA).
Ashok Krishnan has been named as chief data and analytics officer at AXA XL in London.
Lauren Gregory, one of the creators of New York’s first ever captive insurance company, has joined Alliant Insurance Services as senior vice president in the Alliant specialty group, serving public entities.
A number of captives have expressed an interest in joining up with the Cayman International Reinsurance Companies Association (CIRCA), the new association has revealed.
The State of Vermont licensed 38 new captive insurance companies in 2020, according to the Vermont Department of Economic Development, with 11 of those licenses issued in Q4 alone.
There is a growing interest in captive insurance in the Gulf Cooperation Council (GCC) region, according to panelists on an AM Best webinar, titled Captives In The GCC and Their Rating.
AkinovA, the electronic insurance marketplace, is believed to be the first new regulated insurance marketplace since the formation of Lloyd’s in 1871, having been granted the Bermuda Monetary Authority’s (BMA) first Insurance Marketplace Provider licence.
Aon has hired Jennifer Law in its Asia Pacific capital advisory unit within the reinsurance solutions business.
BevCap Management, the programme manager for both casualty and medical stop loss captive insurance companies in multiple domiciles, has hired John Kirke as president of its healthcare division.