News

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Kensington names Erin Brosnihan as its new president

Kensington Management Group has named Erin Brosnihan as its president, following the retirement of Michael Gibbs at the end of 2020.   28 October 2020

Executive Appointments

Hylant makes two hires in global captive solutions practice

Hylant has hired Theresa Carpenter and Amit Hapani to work in its global captive solutions practice.   27 October 2020

Asia-Pacific analysis

Asian captive domiciles positioned for growth

The future looks bright for the Asian captive insurance market in 2021, with at least three domiciles offering attractive captive regimes despite the possibility that 2020 will be lost to the COVID-19 pandemic. Adrian Halter, Bernard Yap, Ji Yao, Ming Lam and Shen Mei Soh of EY examine the outlook for the Asian market.   27 October 2020

Executive Appointments

NFP beefs up its P&C specialty team with two hires

NFP, an insurance broker and consultant for employee benefits, property and casualty (P&C), retirement and individual coverage, has appointed Tracy Stopford and Kara Tencellent to the P&C specialty team as managing directors.   27 October 2020

Asset management analysis

GFSC considers reducing green investments risk weighting for life insurers

The Guernsey Financial Services Commission (GFSC) is considering introducing a lower risk weighting for green investments held by life insurers on the island.   26 October 2020

Executive Appointments

Crum & Forster names Nicole Bennett as CEO of Pethealth

Crum & Forster (C&F) Accident & Health has appointed Nicole Bennett as chief executive officer of Pethealth, which it is currently in the process of acquiring in a deal that is expected to close by the end of Q4 2020.   26 October 2020

Actuarial & underwriting

deVere Group to launch White Knight, a Guernsey-based captive

deVere Group, an independent financial advisory and fintech company, has been granted a license to form a captive insurance company in Guernsey by the Guernsey Financial Services Commission (GFSC).   26 October 2020

USA analysis

VCIA to hold its annual conference virtually for second year in 2021

The Vermont Captive Insurance Association (VCIA) will hold its August 2021 annual conference virtually.   26 October 2020

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Finance Isle of Man names Sue Preskey as the new non executive chair of its board

Finance Isle of Man, an executive agency within the Department for Enterprise, has appointed Sue Preskey as a new non-executive chair to its board.   23 October 2020

Accounting & tax analysis

IRS to make a second settlement offer to selected microcaptive owners

The Internal Revenue Service (IRS) has made  a second time-limited settlement offer to certain taxpayers under audit who it believes participated in abusive microcaptive insurance transactions.   23 October 2020

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