News
Analysis
Mars has increased the use of its captive in recent years, backed by reinsurance, to “maintain cash internally for as long as we can,” according to Christopher de Wolfe, the global director of risk management at Mars. 11 January 2021
Law & regulation
The Cayman Islands Monetary Authority (CIMA) has revoked the licence of CTS Captive Management for breaching the terms of the Insurance Act 2010. 11 January 2021
Law & regulation
Mike Causey took the oath of office for his second term as North Carolina’s Insurance Commissioner on January 9, 2021. 11 January 2021
Actuarial & underwriting
Risk Placement Services (RPS), the E&S wholesale broker, managing general agency and programme administrator, has named Joe Clifford as leader of its self-insured workers' compensation programmes in Michigan. 8 January 2021
Actuarial & underwriting
Pinnacle Actuarial Resources has promoted Aaron Hillebrandt to principal and consulting actuary. 8 January 2021
Executive Appointments
Jason Mandik has been promoted to head of AXA XL’s Chicago-based US risk management team in the US central zone. 7 January 2021
Executive Appointments
MAXIS Global Benefits Network (MAXIS GBN) has selected ICAS World, an employee assistance programme (EAP) platform, as a global provider of counselling support and assistance. 7 January 2021
Analysis
Companies are increasingly competing not only on salaries but also on employee benefits. The challenge is to offer best-in-class benefits without causing costs to escalate out of control. The way to achieve this could be to offer benefits through a captive. Captive International reports on the approach of MAXIS GBN. 7 January 2021
Actuarial & underwriting
BevCap Management, the multi-line insurance programme manager with a focus in alternative risk structures, has formed a North Carolina-based captive insurance company called HatterasRe. 6 January 2021
Analysis
Marsh has launched a dedicated sharing economy and mobility (SE&M) industry group in the UK and Ireland. 6 January 2021
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