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Actuarial & underwriting
Risk managers entered 2020 with certain expectations about the challenges and opportunities the year would present. The onset of the COVID-19 pandemic has forced them to throw their plans out of the window, and rethink how to manage their exposures in a world that suddenly looks very different, says Milliman’s Mike Meehan. 11 May 2020
Actuarial & underwriting
AF Specialty has appointed Ian Podmore as director of captive operations. Podmore focuses on business growth and profitability for new markets and business opportunity development through the use of insurance captives and is based in Charlotte, North Carolina. 7 May 2020
Executive Appointments
Mauro Dugulin will step down from his position as chief executive of MAXIS GBN from July 1 2020. 7 May 2020
Feasibility studies analysis
As the global economy and infrastructure continue to weather what feels like more and more storms, many companies find themselves in the middle of cost containment and restructuring strategies. Taking on more risk during these disruptive times may seem counterintuitive, but organisations with existing captives or plans to launch them are doing just that, says Adam Miholic of Hylant. 7 May 2020
Actuarial & underwriting
The cyber insurance market should be worth between $60 billion and $100 billion, and parametric insurance is the key to getting it there, according to John Donald, a special cyber advisor at AXIS. 7 May 2020
Executive Appointments
Michael Corbett has been named on the Tennessee Captive Insurance Association (TCIA) board of directors. 6 May 2020
article
Strategic Risk Solutions (SRS) has hired Derek Bridgeman as managing director in Europe, while Neil Campbell has been named to its European consulting team. 6 May 2020
Law & regulation
Connecticut is a relative newcomer to the increasingly competitive world of captive insurance regulation, but has quickly earned a reputation as an attractive domicile. As pressure increases on offshore captives to bring business back onshore, the state hopes to capture a lot of new business. Captive International reports. 6 May 2020
Actuarial & underwriting
The legal US cannabis industry would pay about $1 billion in annual premiums if it was insured to levels that are normal for other businesses, according to research conducted by New Dawn Risk Group (NDR). 5 May 2020
Law & regulation
The Supreme Court of the US has agreed to hear CIC Services’ case against the Internal Revenue Service (IRS), in what CIC described as “a major victory today for taxpayers and those opposing administrative state overreach.” 5 May 2020
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