News
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Artex Risk Solutions has promoted Ryan Santacrose to the role of assistant vice president of business development. 17 February 2021
USA analysis
Good risk management is crucial to the operation of any business, and captive insurance companies are excellent vehicles for effective risk management, says John Talley of the Missouri Department of Commerce & Insurance. 17 February 2021
Actuarial & underwriting
Beazley, the specialist insurer, has appointed two underwriters in the US to write deadly weapons protection (DWP) and safeguard, insurance solutions that help its clients reduce the risk of violent incidents or abuse. 17 February 2021
Actuarial & underwriting
Arch Insurance North America has partnered up with cyber insurance and security firm Coalition in a deal that will see it provide long term capacity for its US and Canada cyber and technology errors and omissions programmes. 17 February 2021
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Marine cyber risk management and insurance company Astaara has hired Nick Parkes as a marine cyber analyst. 16 February 2021
Law & regulation
Alabama’s state legislature is examining a captive bill that will expand the state’s offering of alternative investment vehicles with three new categories of captives, for agency captives, reinsurance captives and special purpose finance captives. 16 February 2021
Bermuda analysis
AM Best has upgraded PMG Assurance Bermuda’s long term issuer credit rating to a+ from a, with its financial strength rating remaining A as before. 16 February 2021
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Finance Isle of Man, the agency dedicated to developing the island’s financial services sector, has launched a digital marketing campaign to promote its captive insurance offering. 15 February 2021
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RMC Group has named Scott Arlen Strenger as executive director in the property and casualty (P&C) division, with additional responsibilities in the captive, pension and health areas. 15 February 2021
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Guernsey licensed seven new captives in 2020, including three new captives and four new captive cells. It also licensed two special purpose vehicles. 12 February 2021
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