News

Actuarial & underwriting

Marsh JLT Specialty builds up its renewable energy team

Marsh JLT Specialty has made two hires and two promotions to fill new roles in its renewable energy team.   27 April 2020

Accounting & tax analysis

Micro captives granted one month extension to respond to IRS letter

The Internal Revenue Service has extended the due date to respond to its letters of inquiry to certain micro-captive insurance participants.   27 April 2020

Executive Appointments

MAXIS GBN names David Watts as director of member management

MAXIS Global Benefits Network (MAXIS GBN) has appointed David Watts as its new director of member management, effective July 1.   27 April 2020

Actuarial & underwriting

Captives poised to capitalise on growing frustration at commercial insurance exemptions

The COVID-19 pandemic has created an opportunity for captive insurers to increase market share, according to Brady Young, president of Strategic Risk Solutions.   24 April 2020

Actuarial & underwriting

Beazley prepares to launch new product recall insurance in the US

Beazley will launch a new product recall insurance policy for private enterprises in the US in the second quarter of 2020.   23 April 2020

Actuarial & underwriting

Hyperion X reports surge in demand for digital platforms

Hyperion X is experiencing record demand across multiple areas of trading as the market adjusts to cope with the COVID-19 pandemic.   23 April 2020

Accounting & tax analysis

IRS hostility to captives is exacerbating impact of COVID-19 on business: CIC Services

The IRS’ targeting of captive insurance companies has left companies more vulnerable to the economic ravages of COVID-19, according to CIC Services.   23 April 2020

IT & claims management analysis

COVID-19 and the Importance of the cyber captive

With the COVID-19 pandemic bringing about an increase in cyber threats and a heightened reliance on remote work, strong cyber security cultures are needed now more than ever. Turning to captives may be the best way for organisations to improve their cyber security with personalised coverage, says Mark Lanterman, chief technology officer of Computer Forensic Services.   22 April 2020

Accounting & tax analysis

Connecticut’s insurance regulator to promote captives among state’s accountancy firms

The State of Connecticut Insurance Department (SCID) will help accounting firms in the state to expand their presence in the captive insurance market.   22 April 2020

Executive Appointments

Fictional Bermuda-based cannabis captive student case study gains CICA accolades

The Captive Insurance Companies Association has named Megan Moore and Nathalie Kojababian of the University of Southern California as winners of its 2020 Student Essay Contest.   22 April 2020

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