News
Cayman analysis
Cayman’s international insurance industry has reported robust growth in the captives and insurance industry in Q1, 2020, with the Cayman Islands Monetary Authority (CIMA) predicting a strong year for the sector to come. 15 May 2020
Accounting & tax analysis
An increasing number of captives have been looking at writing business interruption coverage for their owners. They should tread carefully, as doing so without following the correct procedures could have adverse tax implications, says Davis Smith of Bradley. 15 May 2020
Actuarial & underwriting
“Captives should structure, domicile and operate with a hard market mentality at all times, and take advantage of softening when they can,” according to Peter Rosiere, a vice president of risk management at Sodexo. 15 May 2020
article
Airmic, the UK association for risk and insurance professionals, has unveiled a major three-day virtual festival in September for risk and insurance professionals and the wider risk and insurance community. 14 May 2020
Actuarial & underwriting
CorRisk Solutions has hired Christine DeFelice as managing general underwriter to lead its architects and engineers (A&E) professional liability team. 14 May 2020
Actuarial & underwriting
What qualifies as insurance? Risk transfer and risk distribution are usually cited as key factors, but what if a policy passes this two-part test, before failing the ‘rule of indemnity’ test, asks Greg Lang of the Reinsurance and Insurance Network. 14 May 2020
Accounting & tax analysis
The Tennessee Captive Insurance Association (TCIA) will write a letter to the Internal Revenue Service (IRS) regarding IRS Letter 6336, it has confirmed. 13 May 2020
Actuarial & underwriting
Business interruption (BI) payments related to the COVID-19 pandemic should be covered by federal insurance programmes, rather than the commercial market, according to the American Academy of Actuaries (AAA). 13 May 2020
Cayman analysis
Lesley Thompson has been named as leader of Willis Towers Watson’s Cayman office. 13 May 2020
Analysis
The insurance industry must adopt a more responsible and business-sensitive approach to the COVID-19 pandemic, or it risks undermining the trust and loyalty of customers. 12 May 2020
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