News
Analysis
KPMG has hired Jereme Ramsay as senior manager, markets, focusing on business development and marketing in Bermuda. He will take up his post in February and will support its growth strategy, spending around 60 percent of his time working with Bermuda’s insurance industry, including its captives. 10 December 2019
Analysis
Captives should begin evaluating agreements that refer to the London Interbank Offered Rate (Libor) as soon as possible, according to Elyssa Nagle, senior manager at Johnson Lambert, to identify which ones may need to be modified. 10 December 2019
Analysis
Peruvian insurance provider Rimac (Rimac Seguros y Reaseguros), part of the Grupo Breca conglomerate, has become a member of Maxis Global Benefits Network (Maxis GBN). It now provides medical and life cover to Maxis GBN clients in Peru. 9 December 2019
Analysis
Significant obstacles are blocking insurers from engaging with the cannabis sector. A new generation of cannabis companies engaged in this business in Canada and other markets where it has been legalised should consider launching captives to manage their risk, according to Mark Allitt, managing director at KPMG in Bermuda. 2 December 2019
Analysis
Insureds should brace themselves for a double whammy of rising prices and declining availability of coverage in the traditional insurance markets, according to Vittorio Pozzo, captive advisor for Western Europe and Great Britain at Willis Towers Watson. 29 November 2019
Analysis
The average cost of a medical malpractice claim has increased by 50 percent in the US since 2009, according to Beazley, an insurer of hospital professional liability. 27 November 2019
Analysis
Captive insurance companies in Bermuda, Cayman and Barbados rated by AM Best have outperformed the segment’s counterparts in the commercial casualty sector, the rating agency said. 27 November 2019
Analysis
AXA XL Risk Consulting has hired Sheri Wilbanks to be global casualty and environmental lines of business manager. 26 November 2019
Analysis
The cyber insurance market will attract $14 billion by 2022, according to research by Valuates, driven by increased take-up in Asia in particular. 26 November 2019
Analysis
Amynta Group, which provides protection products and services across the automotive, consumer and specialty equipment markets, has named Scott Allan as global head of warranty structured solutions and reinsurance. 26 November 2019
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