News

Actuarial & underwriting

US Coast Guard expands requirement for cyber coverage

The US Coast Guard has updated its guidance to marine inspectors and port state control officers on assessing cyber risk management in commercial vessels, expanding the range of vessels that must comply.   11 March 2021

Analysis

Why many corporates are turning to cell captives as an alternative to traditional single parent solutions: Barclays [video]

An interview with Hafi Ali, market director at Barclays.   11 March 2021

Actuarial & underwriting

Beazley launches SPAC-specific D&O coverage

Beazley has launched a directors’ and officers’ (D&O) product suite specifically for special purpose acquisition companies (SPACs).   10 March 2021

Actuarial & underwriting

DARAG signs its second deal with Norway’s Protector Forsikring

DARAG Group has signed a retrospective quota share reinsurance agreement with Protector Forsikring, a multinational general insurance company listed on the Oslo Stock Exchange.   10 March 2021

Actuarial & underwriting

Gallagher Re builds up its legacy capabilities with hire

Gallagher Re has named Andrew Rothseid as partner and head of legacy, a new role.   10 March 2021

IT & claims management analysis

Davies acquires Texas-based claims management group

Davies has acquired The Littleton Group, a Texas-based provider of third party administration and claims adjusting services for insurance carriers, managing general agents, captives and other businesses.   10 March 2021

Accounting & tax analysis

Tax considerations for captives owners in foreign jurisdictions

When starting a captive insurance company in a foreign jurisdiction such as the Cayman Islands or Bermuda, many prospective captive owners may be excited about the potential tax benefits. However, these tax benefits should never be a primary reason to form a captive, says Daniel Greaves of Grant Thornton.   9 March 2021

article

Google names head of insurance business, plots domination of insurance transformation

Google has named Nigel Walsh as head of its insurance business in North America.   9 March 2021

Executive Appointments

Marsh names head of sustainability and climate change strategy

Marsh has appointed Amy Barnes to the newly created role of head of sustainability and climate change strategy.   9 March 2021

article

BMS Re snares Conning business development director

BMS Re has named Ryan Saul as senior vice president as it looks to consolidate its presence in the market and expand the development of reinsurance products.   9 March 2021

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