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USA analysis
The Delaware Department of Insurance (DDI) licensed 70 new captives in 2020, including 67 conditional licenses, contributing $1 million to the City of Wilmington and $2.9 million to the State of Delaware General Fund in Fiscal Year 2020. 2 February 2021
Analysis
Wilmington Trust is one of the few banks that has a dedicated group handling only insurance-related collateral requirements, says Robert Quinn. 2 February 2021
USA analysis
North Carolina licensed 47 new captive insurance companies in 2020, and approved 126 cells and series. 1 February 2021
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Businesses should invest in upgrading their cyber security protection for remote workers, even if they expect to have people back in the office relatively soon, according to Chris Biggs, a partner at Theta Global Advisors, an accounting and consultancy company. 1 February 2021
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Manufacturing companies should consider using captives to fill gaps in their commercial insurance coverage, according to Randy Sadler, a principal with CIC Services. 29 January 2021
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AIRROC will host two virtual events in February looking at legacy deals and insurance business transfers (IBT), respectively. 29 January 2021
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Michael Colao has been named as AXA XL’s global chief underwriting officer for cyber, based in London. 28 January 2021
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Airmic will go ahead with its physical annual conference in Brighton in October 2021, as long as restrictions have been lifted, pending a consultation with stakeholders nearer the time. 28 January 2021
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Greg Case has been named as the chief executive officer for the entity that will be created by the proposed $30 billion merger between Aon and Willis Towers Watson. 28 January 2021
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The Arizona Department of Insurance and Financial Institutions (DIFI) licensed 12 new captive insurance companies in Arizona in 2020. 28 January 2021
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