News
Law & regulation
Connecticut is a relative newcomer to the increasingly competitive world of captive insurance regulation, but has quickly earned a reputation as an attractive domicile. As pressure increases on offshore captives to bring business back onshore, the state hopes to capture a lot of new business. Captive International reports. 6 May 2020
Actuarial & underwriting
The legal US cannabis industry would pay about $1 billion in annual premiums if it was insured to levels that are normal for other businesses, according to research conducted by New Dawn Risk Group (NDR). 5 May 2020
Law & regulation
The Supreme Court of the US has agreed to hear CIC Services’ case against the Internal Revenue Service (IRS), in what CIC described as “a major victory today for taxpayers and those opposing administrative state overreach.” 5 May 2020
Law & regulation
The Bermuda Registrar of Companies’ online portal (ESD portal) for filing economic substance declarations is now open. 4 May 2020
IT & claims management analysis
JBA Risk Management’s Global Flood Model (GFM) has been made available on the Nasdaq Risk Modelling service. 4 May 2020
Executive Appointments
The International Center for Captive Insurance Education (ICCIE) has unveiled the Harry House Captive Insurance Scholarship for minority students enrolled in an actuarial or risk management programme at an accredited college or university. 1 May 2020
Executive Appointments
The Vermont Captive Insurance Association (VCIA) will use the virtual platform Intrado to host its annual conference in August. 1 May 2020
Services
A Pandemic Risk Insurance Act (PRIA) modelled on the Terrorism Risk Insurance Act (TRIA) would trigger an increase in new captive formations, according to Ellen Charnley, managing director and national growth leader in Marsh’s Captive Solutions practice. 1 May 2020
Actuarial & underwriting
Beazley has expanded its mergers & acquisitions (M&A) team with the appointment of five new underwriters. 30 April 2020
USA analysis
Randall & Quilter Investment Holdings has entered into a loss portfolio transfer reinsurance contract and a transfer agreement with Repwest Insurance. 30 April 2020
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