News

USA analysis

SCCIA cancels 2020 Annual Executive Educational Conference

The South Carolina Captive Insurance Association (SCCIA) has cancelled its 2020 Annual Executive Educational Conference, which was scheduled for September 15-17 in Charleston, South Carolina.   24 June 2020

Law & regulation

TDCI names Belinda Fortman as captive insurance section director

The Tennessee Department of Commerce and Insurance (TDCI) has named Belinda Fortman as its new captive insurance section director.   24 June 2020

Accounting & tax analysis

IRS petitions court in a bid to obtain confidential information from DDOI

The IRS has petitioned the US District Court for the District of Delaware to enforce a summons for documents held by the Delaware Department of Insurance (DDOI) related to the IRS’ microcaptive investigation.   23 June 2020

Actuarial & underwriting

Maritime businesses see fourfold increase in cyber attacks since February: Astaara

There has been a fourfold increase in cyber-attacks in the maritime industry since February, according to Astaara, a cyber insurance specialist.   23 June 2020

IT & claims management analysis

Cyber attacks becoming less frequent but more costly: Hiscox

The number of US businesses that experienced an attack fell this year, according to the annual Hiscox Cyber Readiness Report 2020. However, it was not all good news, with the cost of each individual attack rising considerably year on year.   23 June 2020

USA analysis

Updates for MSSP and Next Generation ACOs during COVID-19

CMS has made a number of changes to MSSP and Next Gen ACOs, some of which are inherent to the individual programmes and some of which have been created and added specifically to counter the effects of the COVID-19 public health emergency. Chris Coulter of Archway Health examines the changes.   23 June 2020

Actuarial & underwriting

Writing D&O through a captive could cause problems: Willis Towers Watson

An increasing number of companies are considering writing directors and officers insurance through their captive, but they should be aware of some challenges this arrangement can present, according to Willis Towers Watson.   22 June 2020

Actuarial & underwriting

Runoff strategies can help captives adjust to post-COVID-19 world: CICA

The COVID-19 pandemic is set to increase the use of runoff solutions, as companies and insurers alike review their risk exposures and adapt their businesses to cope with new economic and social realities.   19 June 2020

Executive Appointments

Trident Marine Managers appoints Clarke Smith as director of underwriting

Trident Marine Managers (TMM) has appointed Clarke Smith as director of underwriting.   18 June 2020

Executive Appointments

BevCap names Lynn Coor as COO

BevCap Management has named Lynn Coor as chief operating officer.   18 June 2020

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