News
Accounting & tax analysis
The IRS has petitioned the US District Court for the District of Delaware to enforce a summons for documents held by the Delaware Department of Insurance (DDOI) related to the IRS’ microcaptive investigation. 23 June 2020
Actuarial & underwriting
There has been a fourfold increase in cyber-attacks in the maritime industry since February, according to Astaara, a cyber insurance specialist. 23 June 2020
IT & claims management analysis
The number of US businesses that experienced an attack fell this year, according to the annual Hiscox Cyber Readiness Report 2020. However, it was not all good news, with the cost of each individual attack rising considerably year on year. 23 June 2020
USA analysis
CMS has made a number of changes to MSSP and Next Gen ACOs, some of which are inherent to the individual programmes and some of which have been created and added specifically to counter the effects of the COVID-19 public health emergency. Chris Coulter of Archway Health examines the changes. 23 June 2020
Actuarial & underwriting
An increasing number of companies are considering writing directors and officers insurance through their captive, but they should be aware of some challenges this arrangement can present, according to Willis Towers Watson. 22 June 2020
Actuarial & underwriting
The COVID-19 pandemic is set to increase the use of runoff solutions, as companies and insurers alike review their risk exposures and adapt their businesses to cope with new economic and social realities. 19 June 2020
Executive Appointments
Trident Marine Managers (TMM) has appointed Clarke Smith as director of underwriting. 18 June 2020
Executive Appointments
BevCap Management has named Lynn Coor as chief operating officer. 18 June 2020
Cayman analysis
Some of the winners of our inaugural Captive International Cayman Awards gathered at a roundtable event in the Cayman Islands, delivered by Captive International and hosted by KPMG. The event, which took place before COVID-19 truly came to the fore, represented an opportunity for the winners to share insights on the captive insurance landscape in Cayman and discuss opportunities around its future growth and success. 18 June 2020
Actuarial & underwriting
Hartford Steam Boiler (HSB), part of Munich Re, has extended its identity recovery coverage for business employees to family members and other groups, including membership associations, university students and alumni. 17 June 2020
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