News
Law & regulation
Michael Pieciak, the commissioner of the Vermont Department of Financial Regulation, has filed a suit against Global Century Insurance Brokers (GCIB) and Quantibridge Capital, as well as individuals Jasbir Thandi and Jaspreet Singh Padda, for allegedly participating in a scheme to defraud Global Hawk Insurance Company Risk Retention Group. 3 November 2020
article
Guy Carpenter & Company has launched a new marine and energy mutual, agency and captive reinsurance solutions practice and appointed Demian Smith as managing director to lead it. 2 November 2020
Actuarial & underwriting
Businesses are seeing costs escalate, not least in the form of rising medical costs. Using a captive as a centralised risk management tool for employee benefits can help reduce these costs by enabling a comprehensive approach to global risk financing, say Aon’s Aidan Kelly and Vaibhavi Patel. 30 October 2020
Actuarial & underwriting
Chubb has enhanced its Chubb Cyber Index with new capabilities to help organisations analyse and manage their cyber exposures. 29 October 2020
Law & regulation
The US Court of Appeals for the Ninth Circuit has denied a petition to rehear the case Shivkov versus Artex. 29 October 2020
USA analysis
Risk Strategies has acquired LaRocca & Associates, a specialty brokerage with expertise in health and welfare benefits across several industries. 28 October 2020
Actuarial & underwriting
The COVID-19 pandemic has taken a heavy toll on Compass Group, the contract catering business. When the virus struck the company was in the process of overhauling its insurance and risk management strategy, and now an enhanced role for its captives may position it well for future challenges. Captive International spoke to Compass Group's Scott Feltham. 28 October 2020
article
Kensington Management Group has named Erin Brosnihan as its president, following the retirement of Michael Gibbs at the end of 2020. 28 October 2020
Executive Appointments
Hylant has hired Theresa Carpenter and Amit Hapani to work in its global captive solutions practice. 27 October 2020
Asia-Pacific analysis
The future looks bright for the Asian captive insurance market in 2021, with at least three domiciles offering attractive captive regimes despite the possibility that 2020 will be lost to the COVID-19 pandemic. Adrian Halter, Bernard Yap, Ji Yao, Ming Lam and Shen Mei Soh of EY examine the outlook for the Asian market. 27 October 2020
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