News

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Faries named as Horseshoe’s CEO as Perez steps into advisory role

Kathleen Faries, the chair of ILS Bermuda and director at the Bermuda Insurance Institute (BII), has been appointed as the new chief executive officer (CEO) of Horseshoe, the insurance linked securities specialist and fund administrator.   12 April 2021

Actuarial & underwriting

Generali GC&C reshuffles its underwriting management team to enhance strategy execution

Generali Global Corporate & Commercial (GC&C) has reshuffled its management team as it looks to enhance its strategy execution capabilities.   12 April 2021

Law & regulation

IRS warns micro captive owners to get out of them as soon as possible

Participants in abusive micro-captive insurance arrangements should exit these transactions as soon as possible, Internal Revenue Service (IRS) officials have warned.   12 April 2021

Actuarial & underwriting

Ryan Specialty Group strengthens its national transportation practice with two hires

RT Specialty, the wholesale brokerage of Ryan Specialty Group (RSG), has named Doug Hathaway as head of its national transportation practice.   12 April 2021

Actuarial & underwriting

Aon appoints new head of power in its UK global broking centre

Aon has appointed Jon Wiegand as head of power in the UK global broking centre (GBC).   12 April 2021

Analysis

A plague on 831(b)s

The IRS insists that microcaptives are havens for tax evaders, but advocates of the structure say they provide the perfect vehicles for providing pandemic coverage.   11 April 2021

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CICA Building the Best: How COVID-19 has developed companies’ use of captives

Some are considering bringing additional lines into their captives, but this has to be done thoughtfully.   9 April 2021

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FSI rolls out new captive-backed health programme

FSI partner Vault Strategies started a captive insurance company for FSI members.   9 April 2021

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Captive owner Covenant Transport Logistics makes leadership changes

The business has created an office of the CEO as part of the change.   9 April 2021

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Artex unveils new captive director via promotion

The step up comes after eight years with the business.   9 April 2021

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