News
Actuarial & underwriting
Martin Eveleigh, chairman of Atlas Insurance Management, is delighted at having secured the sale of his business to Risk Strategies, a deal that completed on March 4, he told Captive International. 6 March 2020
article
The decision follows Wednesday’s declaration of a state of emergency in California. 6 March 2020
USA analysis
The Captive Insurance Companies Association (CICA) Conference has been declared a “no handshake” event by its organisers, in order to protect delegates from the possibility of COVID-19 contagion. 5 March 2020
USA analysis
Dermot Finnerty of White Rock Group shines the spotlight on how changing market conditions are driving demand for risk retention (cell and captive) solutions. 5 March 2020
Services
Risk Strategies has acquired Atlas Insurance Management, a company involved in the formation and management of captive insurance companies, as part of its purchase of Atlas Group and its affiliated entities. 4 March 2020
Actuarial & underwriting
Captives have traditionally used reinsurance as a way to shift risk off their balance sheets, but there are numerous other advantages to tapping the reinsurance market. Reinsurers are developing sophisticated and often bespoke tools to help captives to manage their own unique sets of exposures, says Desmond Bohan of BMS Re US. 4 March 2020
EMEA analysis
Guernsey Finance has appointed Rupert Pleasant as its new chief executive. 3 March 2020
Bermuda analysis
Captive International will publish the results of the first captive insurance awards for Bermuda before the Bermuda Captive Conference in June 2020. 3 March 2020
Services
US states have been applying the finishing touches to their captive insurance regimes, making themselves as attractive as possible to eligible captive owners who are considering where to base their captive. The most desirable captive owners have considerable leverage in negotiating special treatment from state regulators, argues Michael Mead of M.R. Mead and Company. 3 March 2020
Services
Michael Corbett will join Pinnacle Bank as senior vice president on March 16, 2020 after serving over eight years as the regulatory director of captive insurance for the State of Tennessee’s Department of Commerce and Insurance (TDCI). 3 March 2020
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