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Law & regulation
The South Dakota Senate has passed a bill hoped to strengthen the state’s captive insurance industry. 7 March 2013
EMEA analysis
Pierre Sonigo, secretary general of the Federation of European Risk Management Associations (FERMA), has received the lifetime achievement award from the Institute of Risk Management. 6 March 2013
Executive Appointments
SPARTA Insurance Holdings has announced Ralph Jones as the company’s new CEO and Brian First as president and chief operating officer. 5 March 2013
Law & regulation
Hong Kong financial secretary, John Tsang Chun-wah announced that his office will seek to establish an independent insurance authority and pass more captive-friendly tax legislation. 4 March 2013
Law & regulation
Anderson Kill & Olick released a whitepaper arguing that the NRRA was probably not intended to apply to captives— but that might not matter when it comes to enforcing the legislation. 1 March 2013
Actuarial & underwriting
The insurance industry is paying increasingly close attention to providing, strengthening and marketing
coverage for cyber and supply chain risk. EMEA Captive spoke with the industry about ‘emerging’ lines. 28 February 2013
Bermuda analysis
Gunther Saacke has been appointed Q-Re’s new CEO. Q-Re, a subsidiary of the Qatar Insurance Company (QIC), is hoped to become one the world’s top multi-line reinsurers under Saacke’s lead. 28 February 2013
Feasibility studies analysis
Marble Re, a single parent captive of Japan’s Marubeni Corporation domiciled in Micronesia, has been assigned a financial strength rating of A- (Excellent) and issuer credit rating of “a-” by AM Best. The outlook assigned to both ratings is stable. 27 February 2013
Executive Appointments
Willis Group has announced that its deputy chairman, Martin Sullivan will be leaving the firm in May to pursue other interests. 26 February 2013
Executive Appointments
Raymond Farmer’s appointment as director of the South Carolina Department of Insurance has been confirmed by the state’s senate. 25 February 2013
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