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AM Best: Marsh McLennan tops global insurance broker rankings in 2023
12 July 2024
US Reporter Diana Bui

Marsh McLennan has maintained its position as the leading global insurance broker for the 14th consecutive year, according to AM Best's latest rankings based on 2023 total revenue

Marsh McLennan Agency to acquire Horton Group
11 July 2024
US Reporter Diana Bui

Horton offers P&C insurance, employee benefits consultation, and personal lines coverage to businesses and individuals across Indiana, Illinois, Wisconsin, Minnesota, and Florida

Baum to lead WTW team in Australia and New Zealand
02 July 2024
Australia Reporter Diana Bui

James Baum is appointed as WTW’s head of Australia and New Zealand and head of Corporate Risk & Broking in the region, effective from 15 July

Marsh gets new captive licence in Cayman Islands
12 June 2024
Cayman Islands Reporter Diana Bui

The Cayman Islands Monetary Authority (CIMA) has issued a licence for Mangrove Insurance, Marsh’s new segregated portfolio facility in the Cayman Islands.

WTW appoints Wright and McLaughlin to strategic client team
21 May 2024
US Reporter Diana Bui

Wright will serve as a strategic client engagement leader, and McLaughlin will be a global client advocate, both focused on the Fortune 1000 (F1000) industry segment.

Marsh launches tax insurance policy for US clean energy projects
14 May 2024
US Reporter Diana Bui

Marsh has introduced tax investment default insurance, a solution designed to expand the pool of capital available to invest in federal tax credits tied to US renewable energy projects.

Bermuda continues captive growths
13 May 2024
Bermuda Reporter Diana Bui

Bermuda Monetary Authority (BMA) licensed three new captives between January and April 2024, taking the total number in the domicile to 630.

Marsh introduces insurance solution for providers in EU crypto market
09 May 2024
EU Reporter Diana Bui

The offering is designed for EU-based providers, including custodians, exchanges and administrators, who must comply with the forthcoming Markets in Crypto-Assets Regulation (MiCA).

Features
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Work smarter, not harder

The insurance industry has been considered a ‘laggard’ to financial services in adopting new technologies such as the cloud. However, for generative AI, insurers have been quick to recognise opportunities. But what will this mean for workers and captive markets?

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Captive, c’est chic

Frances Jones reviews captive growth in Europe, while assessing proposed amendments to Solvency II regulations, set to facilitate further expansion within the EU

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PCCs on the rise

Frances Jones reviews the proliferation of PCCs in the captive industry and across key domiciles

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Going for gold

Industry experts discuss 2023’s captive market performance, trends and developments and share predictions for the coming year

Interviews
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Timothy Marlin
Marsh

Timothy Marlin, senior vice president in Cyber Practice for US and Canada at Marsh, talks about the structure and operating model of Edgware Re group captive

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Ellen Charnley
Marsh

Marsh’s Ellen Charnley speaks to CIT about ReadyCell, the company’s AI-powered risk financing solution

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Alyssa Preidt
Capterra Risk Solutions

Alyssa Preidt of Capterra Risk Solutions speaks to Frances Jones about her experiences and influences in the industry

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Kirk Watkins
Promethean Risk Solutions

Kirk Watkins talks to CIT about Promethean Risk Solutions’ unique programmes which redistribute profits back to clients. He also discusses how the company utilises its captive ‘FairShare’

Country profiles
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Singapore

Market participants consider the captive growth in Singapore, while identifying its barriers and opportunities

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Latin America

Industry participants discuss their hopes for captives in Latin America, as well as recent developments and the barriers to captive uptake in the region

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Ireland

Although Ireland hasn’t experienced a huge amount of growth within its captive market over the last few years, there is said to be a renewed interest in Dublin as a preferred domicile

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Singapore

Singapore’s ILS market has grown since its introduction in 2018, and after recently extending the grant scheme until the end of 2022, industry professionals suggest that the market will continue to expand beyond this new deadline

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