News

Executive Appointments

Cayman Captive Forum abandons plans to welcome physical attendees in November

The Cayman Captive Forum 2021, Cayman’s flagship captive conference, which is scheduled to take place from November 30 to December 2, will go ahead as an exclusively virtual conference.   29 June 2021

USA analysis

Climate change to increase insurance bills in Vermont as weather gets hotter and wetter

Climate change is making Vermont both warmer and wetter, and leading to an increase in severe weather that makes property damage more likely, according to a report by Vermont's Department of Financial Regulation (DFR).   29 June 2021

Actuarial & underwriting

Groupe SEB becomes the eighth French group to launch a captive in France

Groupe SEB, the owner of 31 brands including Tefal, Seb, Moulinex and Krups, has launched a reinsurance captive in France.   29 June 2021

Actuarial & underwriting

Hylant strengthens its global captives solutions team in Vermont

Hylant has welcomed a new account executive as it continues to expand its global captive solutions team.   28 June 2021

USA analysis

VCIA meets with British Consulate delegation to discuss opportunities for collaboration

The Vermont Captive Insurance Association (VCIA) has met with a delegation from the British Consulate to discuss opportunities for cooperation between the UK and Vermont’s captive insurance industry.   28 June 2021

Asset management analysis

Highmark Health hires Blue Cross Blue Shield exec to replace retiring CIO

Highmark Health has hired a new chief investment officer to replace Dennis Cronin, who is set to retire by the end of 2021.   28 June 2021

Law & regulation

Malta added to FATF grey list

The Financial Action Task Force (FATF), the global money laundering and terrorist financing watchdog, has added Malta to its so-called grey list of countries under increased monitoring.   25 June 2021

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Hawaii gives green light to in-person captives conference in October

The Hawaii Captive Insurance Council (HCIC) will go ahead with its annual educational forum in person this year.   25 June 2021

Law & regulation

State of Connecticut pledges another $100m to CFSIC to tackle crumbling foundations

The State of Connecticut has provided another $100 million of financing to the Connecticut Foundation Solutions Indemnity Company (CFSIC), the captive insurance company established to protect homeowners suffering from crumbling foundations due to the iron sulfide mineral pyrrhotite.   25 June 2021

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Tokio Marine HCC strengthens its stop loss group marketing team

Tokio Marine HCC (TMHCC) has hired Mark McCoy as a regional marketing representative for the Southeast region in its stop loss group.   24 June 2021

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