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Marsh names Colraine as chairman of its UK business
article
Marsh has named Tom Colraine as the chairman of its UK business with immediate effect.   18 January 2021
Alliant expands into Canada with One Source Risk Management acquisition
article
Alliant Insurance Services has acquired One Source Risk Management Canada, an insurance brokerage firm specialising in credit and political risk insurance in North America.   18 January 2021
TowerBrook and Further Global agree to acquire ProSight Global
USA analysis
TowerBrook Capital Partners and Further Global Capital Management have agreed to acquire ProSight Global, the specialty and captive insurance company, in an all-cash transaction valued at approximately $586 million.   18 January 2021
Law & regulation
John Ludlow, Airmic’s chief executive, has called the UK Supreme Court’s ruling on the Financial Conduct Authority's business interruption insurance case for COVID-19 claims “one of the most important legal issues of the last decade.”   15 January 2021
article
The Montana Captive Insurance Association (MCIA) plans to go ahead with its annual conference in July as an in-person event.   15 January 2021
USA analysis
Hawaii licensed 21 new captives in 2020, including nine in the fourth quarter, according to Hawaii’s Department of Commerce and Consumer Affairs.   15 January 2021
USA analysis
Connecticut Foundation Solutions Indemnity Company is a textbook example of how a captive can step into the breach when the commercial market walks away from a crisis. Michael Maglaras, its superintendent, believes captives should now be centre-stage in dealing with the pandemic crisis.   14 January 2021
article
Astaara, the maritime cyber risk management specialist insurer, has hired Gemma Smyth, Asti Rogers and Victoria Knowles.   14 January 2021
article
The Vermont Captive Insurance Association (VCIA) will celebrate Legislative Day on January 27 with a series of online sessions.   14 January 2021
Actuarial & underwriting
Chubb has appointed Michael Kessler as division president of its global cyber risk insurance business.   13 January 2021

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