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Audit, tax and advisory services firm Johnson Lambert has appointed Allan Autry, Lane Miller and Lauren Williams as partners, based in its North Carolina office. 7 January 2019
Analysis
Risk management association RIMS has appointed Gloria Brosius, director of risk management and insurance at Pinnacle Agriculture Distributions, as president for the 2019 term. 7 January 2019
Analysis
Insurance broker and consultant Woodruff Sawyer has appointed Dan Schmidt as senior vice president of its healthcare practice. 4 January 2019
Analysis
The automotive, manufacturing and retail industry was responsible for the majority of new formations on Bermuda in 2017, according to the BMA Captive Report 2018. 3 January 2019
Analysis
Bermuda captives writing cyber risk experienced the greatest year-on-year percentage increase out of any line of business in the market in 2017, according to the BMA Captive Report 2018. 3 January 2019
Analysis
Against a backdrop of high-profile failures and closures of benefit schemes, captives have become an attractive alternative over the last few years, explains David Riley, risk consultant, and Frank Oldham, strategic consultant, at Robus Group. 1 January 2019
article
Captives that buy large amounts of reinsurance could be facing higher premiums in 2019 if a number of recent industry reports prove accurate. 21 December 2018
Law & regulation
The US state of Michigan has changed some of the reporting requirements that relate to captives in the state. One of the changes means that captives can now report using international financial reporting standards. 21 December 2018
article
AM Best has assigned a financial strength rating of B++ (Good) to Mid-Pacific Insurance Company (MPIC), a single parent captive insurer of Robert’s Hawaii Holdings (RHH), a company primarily engaged in providing transportation services (tours, transfers, and municipal and school bus services) in Hawaii. 21 December 2018
article
AM Best has affirmed a financial strength rating of A- (Excellent) of Nova Casiopea Re (NCRe), the captive reinsurer of Telefonica, a Spanish multinational broadband and telecommunications provider with operations in Europe, Asia, and North, Central and South America. 21 December 2018
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