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US introduces Pandemic Risk Insurance Act amid COVID-19 losses
02 June 2020
New York

The US has introduced the Pandemic Risk Insurance Act of 2020, which aims to cover losses and protect the US economy in anticipation of a resurgence of COVID-19 and future pandemics

‘Excellent’ ratings for Waste Management’s captive
01 June 2020
Vermont

A.M. Best has affirmed the financial strength rating of A- and the long-term issuer credit rating of “a-” of National Guaranty Insurance Company of Vermont, based in Burlington, Vermont

FERMA welcomes new member
29 May 2020
Brussels

The Hellenic Association for Risk Managers has become a member of the Federation of European Risk Management Association, bringing its membership to a total of 22 national risk management associations in 21 European countries

Labuan IBFC’s insurance profitability grew almost 50 percent in 2019
28 May 2020
Labuan

The Labuan Financial Services Authority has revealed that its insurance industry showed “modest top-line growth but higher profitability performance” last year, according to its Labuan International Business and Financial Centre market performance

QBE promotes Steve Gransbury and Tara Krauss
27 May 2020
New York

QBE North America has promoted Steve Gransbury to head of specialty insurance, a newly created group of existing QBE businesses, and Tara Krauss to head of accident and health

Nichol & Co set to host webinar promoting The Bahamas
27 May 2020
The Bahamas

Nichol & Co, an actuarial and risk consulting firm, will host a webinar on the captive insurance industry in The Bahamas to promote the industry to local professionals and other service providers on 28 May 2020

FERMA calls on EU to create a resilience framework for catastrophic risks
27 May 2020
Brussels

The Federation of European Risk Management Association has called on the European Commission to create an EU resilience framework for catastrophic risks to address the lack of coverage available for financial losses resulting from non-physical damage

New captive tax premium bill signed into law
26 May 2020
Oklahoma

Oklahoma’s governor Kevin Sitt has signed HB 3864 into law, which sets out how premium taxes by captive insurers should be distributed within the state of Oklahoma

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