News

Actuarial & underwriting

Letting your captive fly

The availability of cheap insurance from commercial providers has prevented airlines from leaning too heavily on their captives. However, rates have been increasing, and with the outlook for the global economy looking grim, airlines are looking for creative ways to cut costs and improve risk management. Captives can help them with that, as Captive International reports.   9 June 2020

Actuarial & underwriting

Machine Cover developing parametric pandemic coverage

Machine Cover, a technology company that creates parametric products for the insurance industry, is developing what it believes to be the world’s first pandemic insurance product based on parametric triggers.   8 June 2020

Actuarial & underwriting

COVID-19 perfectly exemplifies gaps in commercial coverage: CICA panel

“COVID-19 is as good an illustration as you could come up with to show that companies face risks out there that will not be covered by standard coverages,” according to Barbara Ingraham, managing director of excess and surplus at Verisk.   8 June 2020

Asia-Pacific analysis

Hong Kong could become a captives hotspot for Belt and Road companies

Hong Kong’s new insurance regime could make the territory a hotspot for captives for Chinese companies, and any companies involved in infrastructure projects related to China’s Belt and Road Initiative.   8 June 2020

EMEA analysis

Guernsey reports no let-up in interest in captives throughout lockdown

There was continued interest in captive insurance in Guernsey throughout its period of lockdown, according to speakers at the Guernsey Captive Briefing Webinar on June 3.   5 June 2020

Actuarial & underwriting

R&Q enters stock purchase agreement to acquire NBIC

ICDC, a wholly owned subsidiary of Randall & Quilter Investment Holdings based in Vermont,  has entered into a stock purchase agreement to acquire NationsBuilders Insurance Company (NBIC), a Washington DC-domiciled captive, from NationsBuilders Insurance Services (NBIS).   5 June 2020

Law & regulation

Managing captives amid rising social inflation

Social inflation is on the rise, and with it, loss liability claims. Captives should be aware of this trend and establish strategies to manage the resulting risks, say John Ferrara and Margo Mackenzie of EY.   5 June 2020

Actuarial & underwriting

R&Q completes loss portfolio transfer with Houston International Insurance Group

Randall & Quilter Investment Holdings has completed a loss portfolio transfer from Houston International Insurance Group (HIIG).   4 June 2020

Actuarial & underwriting

Astaara opens doors promising to modernise cyber insurance for the maritime industry

A new insurance services business called Astaara Company has launched to protect maritime companies from cyber threats.   4 June 2020

Cayman analysis

CII cancels Cayman Captive Forum in December

Cayman International Insurance (CII) has cancelled the Cayman Captive Forum in December 2020 due to the uncertainty around the COVID-19 pandemic.   4 June 2020

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