News
Asia analysis
Labuan IBFC registered seven new captives in the first six months of 2020, more than were registered in the whole of 2019. 10 September 2020
Asset management analysis
Barclays Corporate Banking is the platinum sponsor of this year’s Bermuda Captive Conference. Ahead of the event, Captive International sat down with James Morris, head of UK insurance and captive banking, to discuss how Barclays is supporting the sector. 10 September 2020
Law & regulation
Arsenal has hired Cassie Bachman as director of legal affairs, who serves as the internal legal counsel for Arsenal and its subsidiaries. 10 September 2020
IT & claims management analysis
RYSKEX, the Berlin-based start-up offering a blockchain-based ecosystem for alternative risk transfer and other innovative insurance solutions, will participate in the fifth Lloyd’s Lab event, which focuses on identifying ways to manage “uninsurable” risks. 9 September 2020
Actuarial & underwriting
Randall & Quilter Investment Holdings has named Patrick Rastiello as chief executive of its newly established US excess and surplus (E&S) programme management business, Accredited Specialty Insurance Company (ASIC). 9 September 2020
article
Nexus Group, the independent specialty managing general agent, has reorganised its management team following the recent launch of Xenia Broking Group, as it looks to establish the brokerage unit as a separate business. 8 September 2020
Analysis
The run-off and legacy business is well established in the commercial insurance market, but remains a relatively niche area when it comes to captives. But that is changing, as more captives recognise the benefits of handing over old portfolios to free up capital to write new business. Captive International investigates. 8 September 2020
USA analysis
The Captive International US Awards has received a great response so far, with voting extremely tight in a number of categories. 7 September 2020
article
Kelly Castriotta has joined Markel Corporation as senior director of global cyber underwriting, becoming the lead underwriting project manager for Markel’s US non-affirmative cyber project. 7 September 2020
Accounting & tax analysis
The Minnesota Department of Revenue (MDR) has proposed changes to Form IG255 that will mean individuals or businesses buying insurance directly from captives or other non-admitted insurers must report their non-admitted direct procured insurance premium tax. 4 September 2020
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