News
Law & regulation
The Captive Insurance Companies Association (CICA), the Vermont Captive Insurance Association (VCIA) and the Captive Insurance Council of the District of Columbia (CICDC) have urged the US Treasury Department to maintain captives’ access to the Terrorism Risk Insurance Program (TRIP). 12 January 2021
article
Justin Upson has joined Robus as a director of the Guernsey office. 12 January 2021
IT & claims management analysis
Willis Towers Watson has introduced two new cyber risk assessment services, a Workforce Cyber Culture Assessment (WCCA) and Ransomware Risk Assessment (RRA). 12 January 2021
Accounting & tax analysis
There is a considerable amount of confusion about loss development factors and how they work. Enoch Starnes and Michelle Bradley of SIGMA Actuarial Consulting demystify loss development and explain why this knowledge is crucial for employees and board members of captives. 12 January 2021
Asset management analysis
The most interesting, and potentially threatening, changes to the investment market outlook for insurance companies have to do with asset class behaviour. This will have important implications for captive insurance strategic asset allocation, says Carl Terzer of CapVisor Associates. 11 January 2021
Analysis
Mars has increased the use of its captive in recent years, backed by reinsurance, to “maintain cash internally for as long as we can,” according to Christopher de Wolfe, the global director of risk management at Mars. 11 January 2021
Law & regulation
The Cayman Islands Monetary Authority (CIMA) has revoked the licence of CTS Captive Management for breaching the terms of the Insurance Act 2010. 11 January 2021
Law & regulation
Mike Causey took the oath of office for his second term as North Carolina’s Insurance Commissioner on January 9, 2021. 11 January 2021
Actuarial & underwriting
Risk Placement Services (RPS), the E&S wholesale broker, managing general agency and programme administrator, has named Joe Clifford as leader of its self-insured workers' compensation programmes in Michigan. 8 January 2021
Actuarial & underwriting
Pinnacle Actuarial Resources has promoted Aaron Hillebrandt to principal and consulting actuary. 8 January 2021
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