News

Asia-Pacific analysis

Labuan reports healthy growth for captives in 2019

Labuan has 219 insurance entities in operation, including 52 captives and 64 re/insurers, having authorised five new captives in 2019, according to Labuan Business and Financial Centre’s (Labuan IBFC) 2019 market report.   28 May 2020

Executive Appointments

NCCIA to go ahead with rescheduled conference in August

The North Carolina Captive Insurance Association will hold its rescheduled 2020 Conference from August 31 to September 2, with the state having entered phase two of its COVID-19 reopening.   28 May 2020

Executive Appointments

Guernsey prepares to return to the office, with no known COVID-19 cases on the island

Many in Guernsey’s financial services sector will return to work from June 1, as the island emerges from its COVID-19 lockdown, with no known active cases of the virus currently on the island.   28 May 2020

Actuarial & underwriting

Medicare Supplement policyholders overcharged due to incorrect personal data

The Delaware Department of Insurance (DDI) has received dozens of complaints after Highmark Blue Cross Blue Shield (HBCBS) processed hundreds of customer birthdates incorrectly, leading to increased premiums for Medicare Supplement participants.   27 May 2020

Services

SRS names Paul Owens to its board

Strategic Risk Solutions has named Paul Owens as the latest addition to its board of directors.   26 May 2020

article

Nicol & Co to host webinar to promote captives in The Bahamas

Actuarial and risk consulting firm Nichol & Co will host a webinar on the captive insurance industry in The Bahamas to promote the industry to local professionals and other service providers.   26 May 2020

Actuarial & underwriting

Nexus Specialty hires Bruce Simmons to beef up financial lines business

Nexus Specialty has hired Bruce Simmons as vice president of professional and management, as the MGA builds up its recently launched financial lines business.   26 May 2020

article

Stan Loar named as chairman emeritus at Woodruff Sawyer

Stan Loar has been named as chairman emeritus of insurance brokerage Woodruff Sawyer.   22 May 2020

Accounting & tax analysis

Revenue-strapped states may look to raise money from captives, warns CICA tax panel

US states could increase their efforts to raise tax from captives in coming months as they seek to raise money to offset reduced revenues during the COVID-19 pandemic, according to Dan Kusaila, a tax partner at Crowe.   22 May 2020

Executive Appointments

Stockholders re-elect Marsh board of directors

Stockholders of Marsh & McLennan have elected the entire slate of 2020 director nominees for a one-year term.   22 May 2020

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