News

Analysis

Solving problems and herding cats: a struggling risk retention group

A risk retention group in Montana formed when commercial rates were high started to lose members as the market softened around 20 years later. Stephanie Mocatta, CEO of SOBC Sandell, shares her experience acquiring this distressed entity.   16 April 2018

Analysis

Kansas enhances captive insurance legislation

Kansas governor Jeff Colyer has approved a bill that updates the state's captive insurance statutes and allows certain captive insurance companies in the State of Kansas.   16 April 2018

Analysis

Nissan's Bermuda captive receives rating upgrade

Ratings agency AM Best has upgraded the financial strength rating to A (Excellent) from A- (Excellent) of Nissan Global Reinsurance (NGRe), the Bermuda-based captive insurer of automaker Nissan Motor Co.   12 April 2018

Analysis

Legacy acquirer Compre appoints joint CEOs to succeed co-founder

Independent legacy acquirer Compre has appointed Will Bridger and Mark Lawson as joint CEOs, assuming the role from co-founder Nick Steer.   11 April 2018

Analysis

Beecher Carlson names CEO and COO

Specialised large account insurance broker Beecher Carlson Insurance Services has promoted Joseph Siech to CEO and B. Scott Davis to COO.   10 April 2018

Analysis

Conyers welcomes partner to corporate practice in Cayman

Conyers Dill & Pearman has appointed Derek Stenson as a partner in the Cayman Islands corporate practice.   9 April 2018

Actuarial & underwriting

More captives are insuring terrorism risk, shows Marsh report

More organisations looking to cost-effectively manage their net retained terrorism risk are using captive insurers to access the Terrorism Risk Insurance Program Reauthorisation Act of 2015 (TRIPRA), according to Marsh's 2018 Terrorism Risk Insurance Report.   9 April 2018

Analysis

Captive insurance specialists to discuss Bermuda regime at RIMS 2018

Senior insurance and regulatory specialists from Bermuda will be discussing the strength of both the island's captive insurance sector and its re/insurance hub on April 17 at a special executive forum at RIMS Annual Conference & Exhibition in San Antonio, Texas.   9 April 2018

Analysis

Morris, Manning & Martin appoints re/insurance co-chair

Morris, Manning & Martin has appointed partner Tony Roehl as co-chair of the law firm's insurance and reinsurance practicse.   9 April 2018

Analysis

US cat-exposed captives face above-average hurricane season in 2018

Captive insurers with US property-catastrophe exposures may be concerned by news that the 2018 Altantic hurricane season (June 1 to November 30) is expected to result in 14 named storms, creating a "slightly above-average" hurricane season, according to Colorado State University researchers.   6 April 2018

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