News

Law & regulation

Bermuda opens economic substance declaration portal

The Bermuda Registrar of Companies’ online portal (ESD portal) for filing economic substance declarations is now open.   4 May 2020

IT & claims management analysis

Nasdaq Risk Modelling integrates JBA’s Global Flood Model

JBA Risk Management’s Global Flood Model (GFM) has been made available on the Nasdaq Risk Modelling service.   4 May 2020

Executive Appointments

ICCIE unveils new captive scholarships

The International Center for Captive Insurance Education (ICCIE) has unveiled the Harry House Captive Insurance Scholarship for minority students enrolled in an actuarial or risk management programme at an accredited college or university.   1 May 2020

Executive Appointments

VCIA selects Intrado platform to host annual conference in August

The Vermont Captive Insurance Association (VCIA) will use the virtual platform Intrado to host its annual conference in August.   1 May 2020

Services

Pandemic Risk Insurance Act will mean surge in captive numbers, says Marsh's Ellen Charnley

A Pandemic Risk Insurance Act (PRIA) modelled on the Terrorism Risk Insurance Act (TRIA) would trigger an increase in new captive formations, according to Ellen Charnley, managing director and national growth leader in Marsh’s Captive Solutions practice.   1 May 2020

Actuarial & underwriting

Beazley makes five M&A appointments in the US, Europe and Asia

Beazley has expanded its mergers & acquisitions (M&A) team with the appointment of five new underwriters.   30 April 2020

USA analysis

R&Q enters loss portfolio transfer agreement with Repwest

Randall & Quilter Investment Holdings has entered into a loss portfolio transfer reinsurance contract and a transfer agreement with Repwest Insurance.   30 April 2020

Accounting & tax analysis

Micro captive letter raises serious concerns about IRS tactics: VCIA

The Vermont Captive Insurance Association (VCIA) has written to Steve Mnuchin, the US Secretary of the Treasury, and Paul Rettig, the Commissioner for Internal Revenue, calling on the Internal Revenue Service (IRS) to suspend its audit activities of micro captives.   30 April 2020

Bermuda analysis

R&Q secures $100m investment to capitalise on market opportunities

Randall & Quilter Investment Holdings has raised $100 million of new equity, which will be used primarily to invest in the growth of R&Q’s programme management and legacy businesses.   29 April 2020

Executive Appointments

CCRIF to provide $150,000 in scholarships to Caribbean nationals

The Caribbean Catastrophe Risk Insurance Facility (CCRIF) will provide up to $150,000 in scholarships to Caribbean nationals for the academic year 2020/21.   28 April 2020

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