News
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RMC Group has named Scott Arlen Strenger as executive director in the property and casualty (P&C) division, with additional responsibilities in the captive, pension and health areas. 15 February 2021
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Guernsey licensed seven new captives in 2020, including three new captives and four new captive cells. It also licensed two special purpose vehicles. 12 February 2021
New Captive Models
Marsh JLT Specialty has appointed Ankur Kacker as UK digital asset leader in the financial and professional (FINPRO) practice. 11 February 2021
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Vermont’s Department of Financial Regulation (DFR) has licensed the state’s 1,200th captive insurance company. 10 February 2021
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Chris Mandel, the senior vice president of strategic solutions and founding director of the Sedgwick Institute, has announced his retirement. 10 February 2021
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Davies has launched a new captive management facility in Guernsey following regulatory approval from the Guernsey Financial Services Commission. 10 February 2021
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Marsh & McLennan Agency (MMA), the middle market subsidiary of Marsh, has appointed Steven Handmaker as its first chief marketing officer and Trindl Reeves as its first chief sales officer. 10 February 2021
Bermuda analysis
The Bermuda Monetary Authority (BMA) licensed BPG Bermuda Insurance as a multi owner captive in January. 10 February 2021
Executive Appointments
MAXIS Global Benefits Network (MAXIS GBN) has partnered with California-based healthtech firm SimpleTherapy to help multinationals tackle the issue of musculoskeletal conditions. 9 February 2021
USA analysis
Tennessee saw 18 new captive insurance company formations in 2020 as well as 41 new cells, according to the Tennessee Captive Insurance Association (TCIA). 9 February 2021
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