Beazley has expanded its mergers & acquisitions (M&A) team with the appointment of five new underwriters.
Randall & Quilter Investment Holdings has entered into a loss portfolio transfer reinsurance contract and a transfer agreement with Repwest Insurance.
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.
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.
The Caribbean Catastrophe Risk Insurance Facility (CCRIF) will provide up to $150,000 in scholarships to Caribbean nationals for the academic year 2020/21.
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 has launched a new type of cyber insurance cover designed specifically for shipowners called CyNav.
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 has made two hires and two promotions to fill new roles in its renewable energy team.
The Internal Revenue Service has extended the due date to respond to its letters of inquiry to certain micro-captive insurance participants.