News
Actuarial & underwriting
“Captives should structure, domicile and operate with a hard market mentality at all times, and take advantage of softening when they can,” according to Peter Rosiere, a vice president of risk management at Sodexo. 15 May 2020
Actuarial & underwriting
CorRisk Solutions has hired Christine DeFelice as managing general underwriter to lead its architects and engineers (A&E) professional liability team. 14 May 2020
Actuarial & underwriting
What qualifies as insurance? Risk transfer and risk distribution are usually cited as key factors, but what if a policy passes this two-part test, before failing the ‘rule of indemnity’ test, asks Greg Lang of the Reinsurance and Insurance Network. 14 May 2020
Actuarial & underwriting
Business interruption (BI) payments related to the COVID-19 pandemic should be covered by federal insurance programmes, rather than the commercial market, according to the American Academy of Actuaries (AAA). 13 May 2020
Actuarial & underwriting
Identifying low probability, high severity risks can be a challenge, as evidenced by the large number of companies caught without coverage when the COVID-19 pandemic struck. The Delphi method is one way that companies can prepare for the unexpected, says Gordon Thompson of AmeRisk Consulting. 12 May 2020
Actuarial & underwriting
The Federation of European Risk Management Associations (FERMA) has launched a taskforce to make proposals to address the issue of business interruption coverage for catastrophic risks. 11 May 2020
Actuarial & underwriting
Risk managers entered 2020 with certain expectations about the challenges and opportunities the year would present. The onset of the COVID-19 pandemic has forced them to throw their plans out of the window, and rethink how to manage their exposures in a world that suddenly looks very different, says Milliman’s Mike Meehan. 11 May 2020
Actuarial & underwriting
AF Specialty has appointed Ian Podmore as director of captive operations. Podmore focuses on business growth and profitability for new markets and business opportunity development through the use of insurance captives and is based in Charlotte, North Carolina. 7 May 2020
Actuarial & underwriting
The cyber insurance market should be worth between $60 billion and $100 billion, and parametric insurance is the key to getting it there, according to John Donald, a special cyber advisor at AXIS. 7 May 2020
Actuarial & underwriting
The legal US cannabis industry would pay about $1 billion in annual premiums if it was insured to levels that are normal for other businesses, according to research conducted by New Dawn Risk Group (NDR). 5 May 2020
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