News
Executive Appointments
Like any other insurance company, a captive needs a strong board to provide the appropriate level of oversight. Scott Bailey of Carr, Riggs and Ingram outlines what boards do, and what characteristics to look for in prospective board members. 29 June 2020
EMEA analysis
Managing the risk associated with AkzoNobel’s sprawling operation requires a significant amount of insurance. To help meet that demand, the company has a long history with captive insurance, as Captive International found out. 26 June 2020
article
Global Indemnity will redomesticate its business to the US from its current bases in the Cayman Islands and Bermuda. 26 June 2020
Actuarial & underwriting
Randall & Quilter Investment Holdings has acquired a captive insurer domiciled in Vermont, its third captive acquisition so far in 2020. 26 June 2020
Law & regulation
The Guernsey International Insurance Association (GIIA) has signed up to the United Nations’ Principles for Sustainable Insurance (PSI) initiative, as part of its commitment to the development of green and sustainable finance. 25 June 2020
USA analysis
The insurance industry says pandemic risk is uninsurable. In fact, nothing is uninsurable if the problem is approached with sufficient creativity. Unless insurers change their tune, they may be hastening their demise, as businesses look elsewhere for solutions to their pandemic problems, says Butler University’s Zach Finn. 24 June 2020
USA analysis
The South Carolina Captive Insurance Association (SCCIA) has cancelled its 2020 Annual Executive Educational Conference, which was scheduled for September 15-17 in Charleston, South Carolina. 24 June 2020
Law & regulation
The Tennessee Department of Commerce and Insurance (TDCI) has named Belinda Fortman as its new captive insurance section director. 24 June 2020
Accounting & tax analysis
The IRS has petitioned the US District Court for the District of Delaware to enforce a summons for documents held by the Delaware Department of Insurance (DDOI) related to the IRS’ microcaptive investigation. 23 June 2020
Actuarial & underwriting
There has been a fourfold increase in cyber-attacks in the maritime industry since February, according to Astaara, a cyber insurance specialist. 23 June 2020
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