The report found that climate trends are making Vermont’s climate warmer and wetter which is also leading to an increase in severe weather more likely to cause greater property damage
The creation of a reinsurance captive will allow Groupe SEB to optimise the placement of its risks through Groupe SEB Ré, a new legal entity registered in France
Most recently, Guerin worked in the UK risk management business as a client executive, serving a broad range of FTSE clients
While the global captive insurance industry has experienced steady growth over the past decade, the use of captive (re)insurers in the GCC countries has been limited to date
Mula joins after serving at Aon for 40 years. Most recently, Mula worked as president of Aon Risk Solutions, where he was responsible for all of Aon’s Global Specialty business strategies as well as global carrier relations
Based in Puerto Rico, Melanie Cruz will be responsible for overseeing Lockton’s offering within the Central American market
LMG explains that due to this uncompetitive environment, no company has chosen to set up a captive in the UK, despite its extensive financial services ecosystem
The legislative updates include authorising parametric insurance coverage and reducing the statutory capital needed by protected cell captive insurers to commence operations from $250,000 to $100,000, among other improvements
