News

Law & regulation

Working from home: internal control considerations and the COVID-19 pandemic

An objective review of the design and operating effectiveness of internal controls is instrumental to ensuring continued success in the remote working environment, say Johnson Lambert’s Kathryn Gifford and Raina Tripp.   21 August 2020

Executive Appointments

NSC appoints Mark Baker as VP for safety

The National Safety Council (NSC) has appointed Mark Baker as vice president, workplace. Baker will join NSC on September 8 from Hyatt, where he serves as global director of workplace safety and vice president of global risk. He will be based in Chicago.   20 August 2020

Actuarial & underwriting

R&Q signs its second acquisition agreement with a UK insurer in a week

Randall & Quilter II Holdings, a subsidiary of Randall & Quilter Investment Holdings, has signed an agreement to acquire the entire issued share capital of The World Marine & General Insurance Company (WMG) from BHP Group.   20 August 2020

Asia-Pacific analysis

Sustained growth for the world’s third largest captive parent country

Australia has been the victim of bushfires, severe hailstorms and flooding, as well as other industry-specific risks. The number of businesses turning to captives to help manage these risks is growing all the time, says Marsh’s Rob Geraghty.   20 August 2020

Actuarial & underwriting

Thimble joins Lloyd's Lab innovation accelerator programme to develop parametric business interruption products

Thimble, the insurtech startup, has been selected to the Lloyd's Lab innovation accelerator programme to develop solutions to support the market response to COVID-19.   19 August 2020

Executive Appointments

Cyber analytics firm Arceo hires Thomas Gamble

Arceo.ai, a cyber risk analytics company, has hired Thomas Gamble as executive vice president and global chief distribution officer as it looks to open up new markets in Bermuda, London and Canada.   19 August 2020

Actuarial & underwriting

Regulators should use consulting actuaries to analyse captive loss projections: VCIA

Captive insurance regulators should use consulting actuaries to analyse the loss projections of captives under their oversight to determine whether they are engaged in genuine risk transfer.   18 August 2020

Actuarial & underwriting

Captives can benefit from run-off in the COVID-19 world

COVID-19 has destabilised the global economy and increased risk across all types of business. Run-off solutions can help captives better manage these risks, say Steve McElhiney of Artex and Carolyn Fahey of AIRROC.   17 August 2020

Executive Appointments

DARAG strengthens its North America team with two appointments

DARAG North America has appointed Stuart Brown and Helen Weinstein as chief financial officer and general counsel, respectively. They will both be based in DARAG’s newly established US headquarters in Atlanta, Georgia.   17 August 2020

USA analysis

COVID-19 to trigger a spike in medical malpractice claims over the next 18 months: VCIA 2020

COVID-19 is set to cause a spike in medical malpractice claims over the next 12-18 months, despite its impact having not yet been fully felt yet, according to Clare Bello, senior vice president at VCM, a division of CCMSI.   13 August 2020

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