News

Law & regulation

Connecticut insurance regulator promotes Fenhua Liu to director of captives

Fenhua Liu has been named as the new director of the Connecticut Insurance Department’s captive insurance division.   15 September 2020

Analysis

The global response to crisis: Groundhog Day or engineering for change?

After a major crisis such as COVID-19 or Hurricane Katrina there are always assurances that lessons have been learned. This time the insurance industry really needs to change, says Greg Lang of the Reinsurance and Insurance Network.   15 September 2020

Bermuda analysis

BMA clarity gives Bermuda an advantage with cannabis captives

Bermuda has a clear advantage as a domicile for cannabis captives because of the clarity of the position of the Bermuda Monetary Authority (BMA), according to panelists speaking in the Bermuda Captive Conference’s Cannabis and Captives session last week.   14 September 2020

Actuarial & underwriting

Astaara names Howard Potter as head of marine cyber

Astaara, the Guernsey-based marine insurance and risk assessment firm, has appointed Howard Potter as its new head of marine cyber.   14 September 2020

Actuarial & underwriting

SRS set to acquire Dyna Management Services

Strategic Risk Solutions (SRS) will acquire the operations of Dyna Management Services, an independently owned insurance management company headquartered in Bermuda.   14 September 2020

Accounting & tax analysis

GAO report on abusive tax schemes perpetuates misunderstandings of captives

A GAO report was intended to shed some light the use of captives as abusive tax shelters. Instead it only risks perpetuating misunderstandings, says Bradley’s Davis Smith.   14 September 2020

Analysis

Hard market spurs growth opportunities

Ryan Heyrana of DARAG North America reviews the current captive insurance market.   14 September 2020

Law & regulation

US Court of Appeals decides Artex vs. Shivkov dispute must be settled by individual arbitration

The US Court of Appeals for the Ninth Circuit has decided in favour of Artex Risk Solutions and TSA Holdings, formerly Tribeca Strategic Advisors in an appeal of the case Shivkov vs Artex Risk Solutions.   11 September 2020

article

Sedgwick appoints David Stills as global risk management executive

Sedgwick, a global provider of technology-enabled risk, benefits and integrated business solutions, has hired David Stills as a global risk management executive.   11 September 2020

Actuarial & underwriting

Market hardening has a long way to go, warns panel at Bermuda Captive Conference

Businesses should not expect an end to the hardening market any time soon, according to panelists at the Bermuda Captive Conference this week, speaking at a panel session titled Insights on a Hardening Insurance Market.   11 September 2020

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