Beazley makes five M&A appointments in the US, Europe and Asia
Beazley has expanded its mergers & acquisitions (M&A) team with the appointment of five new underwriters.
R&Q enters loss portfolio transfer agreement with Repwest
Randall & Quilter Investment Holdings has entered into a loss portfolio transfer reinsurance contract and a transfer agreement with Repwest Insurance.
Micro captive letter raises serious concerns about IRS tactics: VCIA
The Vermont Captive Insurance Association (VCIA) has written to Steve Mnuchin, the US Secretary of the Treasury, and Paul Rettig, the Commissioner for Internal Revenue, calling on the Internal Revenue Service (IRS) to suspend its audit activities of micro captives.
R&Q secures $100m investment to capitalise on market opportunities
Randall & Quilter Investment Holdings has raised $100 million of new equity, which will be used primarily to invest in the growth of R&Q’s programme management and legacy businesses.
CCRIF to provide $150,000 in scholarships to Caribbean nationals
The Caribbean Catastrophe Risk Insurance Facility (CCRIF) will provide up to $150,000 in scholarships to Caribbean nationals for the academic year 2020/21.
Aon slashes management salary by half, imposes 20% pay cut on staff amid COVID-19
Re/insurance broker Aon, which is in the process of merging with Willis Towers Watson, has imposed a 20 percent salary cut on almost three quarter of its staff in an attempt to help business navigate through the COVID-19 induced economic crisis.
Willis Towers Watson offers customised maritime cyber coverage
Willis Towers Watson has launched a new type of cyber insurance cover designed specifically for shipowners called CyNav.
Insurers could walk away from business interruption if forced to pay COVID claims
Commercial insurers could cease writing business interruption coverage altogether if legislators force them to pay out on COVID-19 claims that were clearly excluded from policies, according to John Dohn, national sales manager at Management Services International (MSI).
Marsh JLT Specialty builds up its renewable energy team
Marsh JLT Specialty has made two hires and two promotions to fill new roles in its renewable energy team.
Micro captives granted one month extension to respond to IRS letter
The Internal Revenue Service has extended the due date to respond to its letters of inquiry to certain micro-captive insurance participants.
