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Insurance broker and managing general agency Caitlin Morgan Insurance Services has opened a new office in Vermont, and named Dustin Partlow as senior vice president to lead its captive management business. 8 May 2019
Analysis
Strategic Risk Solutions (SRS) has assumed the management of Old Main Assurance, the Bermuda-based captive of Texas energy company Marathon Oil, from Marsh. 8 May 2019
Analysis
Stanford Health Care has requested to withdraw the financial strength ratings of its Bermuda captive, SUMIT Insurance Company following a downgrade from AM Best. 8 May 2019
Analysis
North Carolina’s proposed legislation amendment that would temporarily exempt captive insurers redomesticating to the state from premium taxes - also known as the ‘premium tax holiday’ - has been delayed. 3 May 2019
Actuarial & underwriting
The use of captives to insurance against cyber risk has doubled since 2015, according to Aon’s Global Risk Management Survey 2019. 2 May 2019
Analysis
Bermuda-based insurance and ILS manager Horseshoe Group has appointed Fred LeMoine as its new head of insurance management. 29 April 2019
Analysis
RYSKEX, an AI-driven hedging platform for emerging risk that bring together risk management, captive insurance units and institutional investors, is among the second cohort of 12 teams to join Lloyd’s Lab, the experimental development hub to explore ways to boost efficiencies at Lloyd’s of London. 29 April 2019
Analysis
Captive insurance companies continue to be the most popular alternative risk transfer solution in use, according to Marsh's 2019 Excellent in Risk Management Report, published in collaboration with RIMS, the risk management society. 29 April 2019
Actuarial & underwriting
Randall & Quilter Investment Holdings (RQIH), a specialist non-life legacy insurance investor, acquired 17 different portfolios or insurance companies and captives in 2018, representing £18.5 million in net reserves, it’s full year results show. 29 April 2019
Analysis
The Cayman Islands Monetary Authority (CIMA) has issued 13 new captive re/insurance licenses in the first quarter of 2019, and a further three to-date. 24 April 2019
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