News

article

Corant appoints stratton to lead its Bermuda reinsurance business

Kevin Stratton has joined Corant Global to lead its new reinsurance operation in Bermuda, with the global risk distribution group emphasising its commitment to building its specialty platform on the island.   24 March 2021

article

Robus creates pre-authorised cell in Guernsey for client’s professional indemnity programme

Robus Insurance PCC, Robus’ Guernsey-based protected cell company, has had a captive cell pre-authorised for a client for its professional indemnity programme.   24 March 2021

article

Buddle leaves Grant Thornton to work as an independent consultant

Roy Buddle is stepping down from his position as regional leader for the Americas at Grant Thornton after 20 years with the company.   24 March 2021

Analysis

How the US government will use captives to tackle the crisis in social care

The baby boomers are reaching retirement age, but for many, what should be their golden years are proving to be anything but. With many institutions offering substandard care, and insurers abandoning the senior care market, captives can step up and save the day, says Michael Maglaras of Michael Maglaras & Company.   24 March 2021

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Missouri DCI’s Talley to start new captives advisory business called TAL Consulting

John Talley, the captive programme manager at the Missouri Department of Commerce and Insurance (DCI), is retiring from his position at the state regulator, and will open a new business called TAL Consulting.   23 March 2021

Actuarial & underwriting

Willis Towers Watson unveils CyNat, cyber cover designed for power and utilities companies

Willis Towers Watson (WTW) has launched a new type of cyber insurance cover called CyNat, designed specifically for power and utilities companies.   23 March 2021

USA analysis

VCIA’s Smith hits out at Washington State’s poorly drafted captives bill

Rich Smith, president of the Vermont Captive Insurance Association (VCIA), has hit out at Washington State over its “poorly drafted” captives bill that will impose new costs on captives that insure risks in that state.   23 March 2021

Analysis

Leveraging a captive for ERM efficiency

Enterprise risk management is how businesses overcome the human limitations of their management teams when it comes to thinking about the future. Too many businesses treat it as a box-ticking exercise, but a captive can make such a programme more effective, says Randall Davis of Delphi Risk Management.   23 March 2021

article

Guernsey unveils world’s first ever humanitarian cat bond

The first humanitarian catastrophe bond covering pure volcanic eruption has been completed using a Guernsey insurance-linked securities (ILS) structure.   22 March 2021

Actuarial & underwriting

AXIS makes cyber and technology appointments in Bermuda and the US

AXIS Insurance has named Alex White as senior underwriter for global cyber and technology, and Jeff Bayer as senior underwriter for US cyber and technology.   22 March 2021

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