News
Actuarial & underwriting
Specialist insurer Beazley has appointed Bethany Greenwood as global head of cyber and executive risk (CyEx). 15 April 2020
Actuarial & underwriting
The world is changing rapidly, and the insurance industry is reinventing itself to offer new solutions to emerging risks through both traditional products and alternative risk transfer solutions. To ensure it remains relevant in a future dominated by intangible assets and risks that are difficult to price, the insurance industry must revolutionise its use of data and seek collaboration with insurtech companies and customers alike, says Guglielmo Maggini of the Allianz Group. 15 April 2020
Analysis
Davis is credited with playing an active role in growing Vermont’s global captive presence, particularly in new and emerging markets. 14 April 2020
Law & regulation
The Labuan Financial Services Authority (LFSA) has granted temporary regulatory reliefs (TRRs) for Labuan entities to cushion the impact and disruption to business operations caused by the COVID-19 pandemic. 14 April 2020
USA analysis
The Connecticut Insurance Department has invited offshore captives to consider relocating to Connecticut. 14 April 2020
Services
Randall & Quilter II Holdings, a subsidiary of Randall & Quilter Investment Holdings, will acquire the entire issued share capital of ICI Insurance Company (ICIICL) from Imperial Chemical Industries. 14 April 2020
EMEA analysis
Strategic Risk Solutions (SRS) has hired Andy Hulme as part of an expansion in underwriting capabilities and services. 9 April 2020
Actuarial & underwriting
In a webinar on April 8 designed to educate brokers and other advisors about the advantages of captive insurance, Management Services International (MSI) warned many businesses with business interruption coverage written by commercial carriers would be exposed to significant uninsured losses. 9 April 2020
Actuarial & underwriting
The COVID-19 crisis has exposed how interdependent risk has become in the modern world, and the extent to which a single event can devastate whole economies, let alone individual businesses. The world must respond by becoming much more creative in its approach to risk management, and captives should be at the heart of those efforts, says Michael Zuckerman of Temple University’s Fox School of Business. 9 April 2020
USA analysis
The Vermont Captive Insurance Association’s (VCIA) annual conference in August 2020 will be fully virtual, the VCIA has said. 8 April 2020
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