Pool Re can now use Clearwater’s single instance, multi-tenant platform to streamline and modernise its finance and investment processes
Pool Re’s proposals to convert its reinsurance arrangements from the current facultative obligatory treaty to an annual aggregate catastrophe excess of loss treaty will take effect in April 2025.
AM Best has affirmed the FSR of A (Excellent) and the long-term ICR of “a+” (Excellent) of Ameriprise Captive Insurance Company (ACIC)
The renewal comes as Pool Re seeks to modernise treaty arrangements
Marsh McLennan (Marsh) has announced that it will work with the Ukrainian government to help it access the global insurance market
The Oklahoma Insurance Department (OID) has submitted comment in reference to regulations proposed by the U.S. Treasury Department and the Internal Revenue Service (IRS)
Aon has appointed Andy Marcell as CEO of risk capital and Lambros Lambrou (pictured) as CEO of human capital
The Department of the Treasury should expand the size and scope of the Terrorism Risk Insurance Program to cover SMEs vulnerable to the same significant losses from terrorism-related risks, according to the Self-Insurance Institute of America
Shoshanna Simmons of CIC Services explains the increased complexities in the excess and surplus insurance markets
David Beyon looks at how and why cyber risks are finding their way into the captive space
How can parametric insurance be implemented with captives to provide appropriate coverage for weather, pandemic and other forms of non-damage business interruption?
Industry professionals discuss the implementation of blockchain in the captive industry, as well as the benefits and challenges of such technologies
Kerr Russell’s Eric Lark explains that due to a number of factors group captives continue to flourish
Regulators of Arizona, Missouri and Utah give an update on the health of the Western Region captive domiciles
Missouri’s no frills approach to captive insurance means it maintains a friendly and reliable regulatory environment, keeps costs low and adapts for the needs of each captive. John Talley of the Missouri Department of Insurance, says this is where the state’s success lies
The IRS’s attempt to put a stop to unlawful micro captives means legitimate captives will be caught up as collateral, Vivian Hoard, partner at Taylor English, explains that good captives need to stand up and fight their case
TDB Captive Insurance Company (TCI) is a subsidiary of The Eastern and Southern African Trade and Development Bank Group (TDB Group) which provides credit and political risk insurance and reinsurance cover for TDB Group subsidiaries, thereby creating greater efficiencies in the group’s risk management
Kirk Cyrus of SRS Barbados, Darren Treasure of London & Capital, and Gregory Smith of Deloitte discuss current market conditions in the captive industry of Barbados, and the landscape of emerging risks
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
Guernsey continues to see increased interest in its captive market due to the hard market conditions. Industry participants discuss the current trends, challenges and its ongoing partnership with China
