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eMaxx’s captives programmes have delivered a 46 percent reduction in frequency and significant impact in the severity of claim outcomes, one year after the energy captive programs were created, the group has said. 13 January 2020
Analysis
Marsh has appointed Sarah Stephens as head of cyber, international, within Marsh JLT Specialty. 10 January 2020
Analysis
Moody’s has reached a settlement with New York-based law firm Kirby McInerney after it was accused of underpaying New York State and New York City business taxes between 2002 and 2014. Moody’s is alleged to have mischaracterised its income as premiums to its captive, Moody’s Assurance Company (MAC). 9 January 2020
Analysis
The Bermuda Monetary Authority has named Craig Swan as its deputy chief executive officer, a position it created as it prepares for the departure of its executive chairman, Jeremy Cox, in 2021. 9 January 2020
Analysis
Artex Risk Solutions has appointed Peter Child as its head of its European operations, with oversight of Guernsey, Malta, Gibraltar and London offices. 8 January 2020
Analysis
Green Mountain Sponsored Captive Insurance Company has launched a group captive profit center program for the rented property sector. 7 January 2020
Analysis
Mike Kreidler, the Insurance Commissioner for Washington State, has ordered two captives, Olympic Casualty Insurance and ASA Assurance, to stop writing insurance in the state for their parent companies, Starbucks and Alaska Air Group. 6 January 2020
Analysis
Bermuda-based captives took in 53.6 percent more affirmative cyber related gross premiums in 2018 than they did the previous year, according to the Bermuda Monetary Authority in its annual cyber underwriting report. 6 January 2020
Analysis
Captives are set to increase their cyber coverage in 2020, according to Captive International’s end of year survey. 30 December 2019
Analysis
Gaining access to coverage that is not available elsewhere is the number one benefit of having a captive, according to Captive International readers. 27 December 2019
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