News
Analysis
With the cannabis industry expected to generate over $20 billion in US sales in 2021 and only a handful of insurers active in this space, there is a prime opportunity for captive insurers to step in. An inherent conflict at a federal level scares away many captive managers, but those not willing to act might get left behind. Matthew Queen, chief compliance officer and general counsel of Venture Captive Management, has the details. 21 January 2019
Analysis
The Bermuda Monetary Authority CEO Jeremy Cox will serve as its executive chair, as current chair Gerald Simons has retired. 18 January 2019
Analysis
Legal services firm Butler Snow has appointed Benjamin Whitehouse as senior counsel of the firm's regulatory and government relations practice, based in Nashville. 18 January 2019
Analysis
Willis Towers Watson Management (Bermuda) has appointed Steve Arrowsmith as executive vice president, head of client services. 15 January 2019
Analysis
Massachusetts-based managing general agency Energi Insurance Services has established a new group captive for energy clients within fuel distribution, energy transportation, energy construction, renewable energy, agricultural cooperative, and utilities segments. 15 January 2019
Analysis
Employee Benefit Management Services (EBMS), a healthcare management company based in Montana, has appointed James Vertino as its CEO. 15 January 2019
Analysis
Regulatory changes scheduled to be tabled before the Bermuda House of Assembly place Bermuda on a steady yet progressive footing to steer the captive market forward for years to come, says Matthew Carr, senior associate, corporate, of Appleby's Bermuda office. 14 January 2019
Analysis
Randall & Quilter has started 2019 by completing two new transactions relating to exit solutions in the self-insurance and captive markets. 10 January 2019
Analysis
The Delaware Captive Insurance Association (DCIA) has appointed Christian Stormer to serve on its board of directors. 10 January 2019
Analysis
Connecticut has entered into two separate memoranda of understanding with The Hartford and Liberty Mutual Insurance to provide supplemental financial assistance to policyholders who file claims and receive awards to remediate their crumbling concrete foundations through the state’s captive insurance programme, the Connecticut Foundations Solutions Indemnity Company (CFSIC). 9 January 2019
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