News

Law & regulation

CIMA revokes licence for CTS Captive Management

The Cayman Islands Monetary Authority (CIMA) has revoked the licence of CTS Captive Management for breaching the terms of the Insurance Act 2010.   11 January 2021

Law & regulation

Causey sworn in for second term as North Carolina Insurance Commissioner

Mike Causey took the oath of office for his second term as North Carolina’s Insurance Commissioner on January 9, 2021.   11 January 2021

Actuarial & underwriting

Clifford to head RPS' Michigan self-insured workers' comp programme

Risk Placement Services (RPS), the E&S wholesale broker, managing general agency and programme administrator, has named Joe Clifford as leader of its self-insured workers' compensation programmes in Michigan.   8 January 2021

Actuarial & underwriting

Pinnacle promotes Hillebrandt to principal and consulting actuary

Pinnacle Actuarial Resources has promoted Aaron Hillebrandt to principal and consulting actuary.   8 January 2021

Executive Appointments

AXA XL promotes three in its US risk management team

Jason Mandik has been promoted to head of AXA XL’s Chicago-based US risk management team in the US central zone.   7 January 2021

Executive Appointments

MAXIS GBN selects ICAS World as a counselling support provider

MAXIS Global Benefits Network (MAXIS GBN) has selected ICAS World, an employee assistance programme (EAP) platform, as a global provider of counselling support and assistance.   7 January 2021

Analysis

Employee benefits are top of the corporate agenda, and captives may help

Companies are increasingly competing not only on salaries but also on employee benefits. The challenge is to offer best-in-class benefits without causing costs to escalate out of control. The way to achieve this could be to offer benefits through a captive. Captive International reports on the approach of MAXIS GBN.   7 January 2021

Actuarial & underwriting

BevCap launches North Carolina-based captive

BevCap Management, the multi-line insurance programme manager with a focus in alternative risk structures, has formed a North Carolina-based captive insurance company called HatterasRe.   6 January 2021

Analysis

Marsh unveils sharing economy and mobility group for the UK and Ireland

Marsh has launched a dedicated sharing economy and mobility (SE&M) industry group in the UK and Ireland.   6 January 2021

Law & regulation

Alabama considers revisions to the Alabama Captive Insurers Act

A bill has been presented in Alabama that will update the Alabama Captive Insurers Act to provide greater economic growth and development for the state’s captive insurance industry.   6 January 2021

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