News
USA analysis
Commercial insurers could cease writing business interruption coverage altogether if legislators force them to pay out on COVID-19 claims that were clearly excluded from policies, according to John Dohn, national sales manager at Management Services International (MSI). 28 April 2020
Actuarial & underwriting
The concept and understanding of captive insurance in Latin America and the Caribbean has been evolving over the past few years, and the adoption of captives among organisations in the region has progressed considerably, say Marsh’s Maria Escobar and Alejandro Santos. 27 April 2020
Actuarial & underwriting
Marsh JLT Specialty has made two hires and two promotions to fill new roles in its renewable energy team. 27 April 2020
Accounting & tax analysis
The Internal Revenue Service has extended the due date to respond to its letters of inquiry to certain micro-captive insurance participants. 27 April 2020
Executive Appointments
MAXIS Global Benefits Network (MAXIS GBN) has appointed David Watts as its new director of member management, effective July 1. 27 April 2020
Actuarial & underwriting
The COVID-19 pandemic has created an opportunity for captive insurers to increase market share, according to Brady Young, president of Strategic Risk Solutions. 24 April 2020
Actuarial & underwriting
Beazley will launch a new product recall insurance policy for private enterprises in the US in the second quarter of 2020. 23 April 2020
Actuarial & underwriting
Hyperion X is experiencing record demand across multiple areas of trading as the market adjusts to cope with the COVID-19 pandemic. 23 April 2020
Accounting & tax analysis
The IRS’ targeting of captive insurance companies has left companies more vulnerable to the economic ravages of COVID-19, according to CIC Services. 23 April 2020
IT & claims management analysis
With the COVID-19 pandemic bringing about an increase in cyber threats and a heightened reliance on remote work, strong cyber security cultures are needed now more than ever. Turning to captives may be the best way for organisations to improve their cyber security with personalised coverage, says Mark Lanterman, chief technology officer of Computer Forensic Services. 22 April 2020
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