News
EMEA analysis
There is a growing interest in captive insurance in the Gulf Cooperation Council (GCC) region, according to panelists on an AM Best webinar, titled Captives In The GCC and Their Rating. 20 January 2021
Bermuda analysis
AkinovA, the electronic insurance marketplace, is believed to be the first new regulated insurance marketplace since the formation of Lloyd’s in 1871, having been granted the Bermuda Monetary Authority’s (BMA) first Insurance Marketplace Provider licence. 20 January 2021
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Aon has hired Jennifer Law in its Asia Pacific capital advisory unit within the reinsurance solutions business. 19 January 2021
Actuarial & underwriting
Prymus Insurance has developed a liability insurance product specifically for police officers that, it claims, can raise policing standards by rewarding good behaviour with lower premiums, while pricing out those who are repeatedly fined for poor behaviour. Captive International reports. 18 January 2021
Executive Appointments
BevCap Management, the programme manager for both casualty and medical stop loss captive insurance companies in multiple domiciles, has hired John Kirke as president of its healthcare division. 18 January 2021
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Marsh has named Tom Colraine as the chairman of its UK business with immediate effect. 18 January 2021
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Alliant Insurance Services has acquired One Source Risk Management Canada, an insurance brokerage firm specialising in credit and political risk insurance in North America. 18 January 2021
USA analysis
TowerBrook Capital Partners and Further Global Capital Management have agreed to acquire ProSight Global, the specialty and captive insurance company, in an all-cash transaction valued at approximately $586 million. 18 January 2021
Law & regulation
John Ludlow, Airmic’s chief executive, has called the UK Supreme Court’s ruling on the Financial Conduct Authority's business interruption insurance case for COVID-19 claims “one of the most important legal issues of the last decade.” 15 January 2021
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The Montana Captive Insurance Association (MCIA) plans to go ahead with its annual conference in July as an in-person event. 15 January 2021
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