News
Analysis
Risk Strategies has acquired the two subsidiaries of Gowrie Holdings: Gowrie Group (Gowrie), a full-service national specialty retail insurance brokerage; and Maritime Program Group (MPG), a marine-focused managing general agent (MGA). 11 December 2019
Analysis
Dominic Wheatley, CEO of Guernsey Finance, will leave his role at the end of June 2020, after more than five years of service. 10 December 2019
Analysis
KPMG has hired Jereme Ramsay as senior manager, markets, focusing on business development and marketing in Bermuda. He will take up his post in February and will support its growth strategy, spending around 60 percent of his time working with Bermuda’s insurance industry, including its captives. 10 December 2019
article
Captives are excellent tools for enabling innovation aligned to the strategic, operational and financial objectives of their parents. Their ability to formalise governance controls, together with the flexibility of a ring-fenced retention and placement strategy, make these an important enabler for a company’s wider corporate strategy, say Elizabeth Carbonaro and Adrien Collovray of Willis Towers Watson. 10 December 2019
Analysis
Captives should begin evaluating agreements that refer to the London Interbank Offered Rate (Libor) as soon as possible, according to Elyssa Nagle, senior manager at Johnson Lambert, to identify which ones may need to be modified. 10 December 2019
Analysis
Peruvian insurance provider Rimac (Rimac Seguros y Reaseguros), part of the Grupo Breca conglomerate, has become a member of Maxis Global Benefits Network (Maxis GBN). It now provides medical and life cover to Maxis GBN clients in Peru. 9 December 2019
article
Launching a captive can ensure risk management efforts are rewarded with lower premiums, according to Mary Wolbert, director at Froedtert Health, a healthcare company. 6 December 2019
article
Captives do not trap cash for their owners, according to a panel titled Debunking Common Captive Myths, speaking at the Cayman Captive Forum. 6 December 2019
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Cayman is constantly fighting against misconceptions and negative connotations that are “outdated, uninformed and inaccurate,” according to Suzanne Sadlier, deputy head of insurance at the Cayman Islands Monetary Authority (CIMA). 6 December 2019
article
Captives should manage their expectations and not expect investment managers to always deliver sky-high, double digit returns, according to Hugh Barit, chairman and CEO of Performa. 6 December 2019
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