News
Actuarial & underwriting
Global commercial insurance prices rose 20 percent in the third quarter of 2020, the twelfth consecutive quarter of price increases, according to Marsh’s Global Insurance Market Index. 9 November 2020
IT & claims management analysis
More than one-third (34 percent) of full-time employees at companies in the US are not practising basic cybersecurity protocols, according to a new survey report from Visual Objects, a visual guide to finding and hiring the best creative firms. 9 November 2020
USA analysis
Construction companies are increasingly prolific users of captive insurance companies, according to Randy Sadler, principal at CIC Services, at a time when a lower US tax rate and deregulation have encouraged a building boom. 6 November 2020
Actuarial & underwriting
Silent cyber is jeopardising the financial solvency and credit ratings of some insurers, according to a white paper published by Airmic titled Silent Cyber: Can You Hear It? 6 November 2020
article
The North Carolina Captive Insurance Association (NCCIA) has issued a call for submissions for panels for it’s 2021 Annual Conference, which will be held from August 30 through September 1, 2021. 6 November 2020
EMEA analysis
Christine Hougaard and Matthew Dunn of Cenfri, and Ernie van der Vyver from Clyde & Co examine the lessons that can be learned from South Africa’s cell captive regulatory journey. 5 November 2020
Actuarial & underwriting
Captives should consider writing protection coverage for their owners as a way to diversify their exposures and build up their capital bases, according to Nir Kossovsky, chief executive officer at Steel City Re, speaking exclusively to Captive International. 4 November 2020
Law & regulation
Michael Pieciak, the commissioner of the Vermont Department of Financial Regulation, has filed a suit against Global Century Insurance Brokers (GCIB) and Quantibridge Capital, as well as individuals Jasbir Thandi and Jaspreet Singh Padda, for allegedly participating in a scheme to defraud Global Hawk Insurance Company Risk Retention Group. 3 November 2020
article
Guy Carpenter & Company has launched a new marine and energy mutual, agency and captive reinsurance solutions practice and appointed Demian Smith as managing director to lead it. 2 November 2020
Actuarial & underwriting
Businesses are seeing costs escalate, not least in the form of rising medical costs. Using a captive as a centralised risk management tool for employee benefits can help reduce these costs by enabling a comprehensive approach to global risk financing, say Aon’s Aidan Kelly and Vaibhavi Patel. 30 October 2020
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