News
Actuarial & underwriting
McGriff, the full service insurance broker, has formed a new group captive practice, McGriff Captive Solutions (MCS), headed up by Steve Aldrich who also serves as McGriff’s industry practice group leader. 25 August 2020
Actuarial & underwriting
Randall & Quilter II Holdings, a subsidiary of Randall & Quilter Investment Holdings, has signed an agreement to acquire the entire issued share capital of The World Marine & General Insurance Company (WMG) from BHP Group. 20 August 2020
Actuarial & underwriting
Thimble, the insurtech startup, has been selected to the Lloyd's Lab innovation accelerator programme to develop solutions to support the market response to COVID-19. 19 August 2020
Actuarial & underwriting
Captive insurance regulators should use consulting actuaries to analyse the loss projections of captives under their oversight to determine whether they are engaged in genuine risk transfer. 18 August 2020
Actuarial & underwriting
COVID-19 has destabilised the global economy and increased risk across all types of business. Run-off solutions can help captives better manage these risks, say Steve McElhiney of Artex and Carolyn Fahey of AIRROC. 17 August 2020
Actuarial & underwriting
ICDC, a wholly owned Vermont subsidiary of Randall & Quilter Investment Holdings, has completed its acquisition of NationsBuilders Insurance Company (NBIC), a Washington DC-domiciled captive from NationsBuiders Insurance Services. 11 August 2020
Actuarial & underwriting
The consensus of the insurance industry is that pandemic risks are uninsurable. This is probably correct, at least where the business interruption exposure is concerned, but not for the reasons that are commonly cited, says Greg Lang of the Reinsurance and Insurance Network. 10 August 2020
Actuarial & underwriting
Specialist insurer Beazley has appointed four new underwriters in its Chicago-based cyber and executive risk (CyEx) division. 5 August 2020
Actuarial & underwriting
Artex has hired William Wood as director of captive and commercial in Bermuda. A newly created role, Wood joins the senior management team in Bermuda, taking on responsibility for the island’s captive and commercial re/insurance management operations. 4 August 2020
Actuarial & underwriting
The real estate industry faces a number of significant headwinds. An increasing number of property managers are looking at tenant liability captive insurance programmes to help them navigate these turbulent times, says Bradley’s Davis Smith. 3 August 2020
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