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EPIC bolsters northeast employee benefits business

EPIC Insurance Brokers and Consultants has made several appointments to the business development team for employee benefits to support its regional expansion in the northeast US

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Aura Underwriting launches hurricane parametric product

Aura Underwriting, the specialist Caribbean catastrophe managing general agent of Rokstone Group, has launched a new parametric product to consolidate its existing Lloyd’s Caribbean portfolio

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Vesttoo appoints Stefano Sola as global head of capital markets

Vesttoo, a provider of capital market solutions for insurance risk transfer and investments, has appointed insurance-linked securities industry veteran and investment executive Stefano Sola as global head of capital markets

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A.M. Best: Captives need more sufficient cyber data

Despite the hardening market and capacity restrictions driving captives as an attractive risk management option for organisations’ cyber risk, sufficient and reliable cyber data for captive insurers remains severely lacking

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Samuel Hale forms workers’ comp captive

Employer carve-out organisation Samuel Hale is set to form a captive to insure its US$50 million workers’ compensation risk, effective 1 July

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HCIC elects Paul Shimomoto as 2022 president

The Hawaii Captive Insurance Council has appointed Paul Shimomoto as president for 2022

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Aon Cayman names Howard Byrne as managing director

Aon has appointed Howard Byrne as managing director for both Aon Insurance Managers (Cayman) and Aon Risk Services (Cayman)

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Labuan IBFC: Captive promotion over next 5 years

Captive insurance is an emerging niche that will be targeted by Labuan IBFC in its strategic roadmap for 2022-2026, designed to support the region’s momentum of economic recovery

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Connecticut announces captive legislative changes

The State of Connecticut Insurance Department has made several amendments to its existing captive insurance legislation, all of which will come into effect on 1 July

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Governor signs SB 347 in North Carolina

Governor Ray Cooper has signed Senate Bill 347 into law in North Carolina, amending existing captive insurance legislation to incentivise redomestication to the state

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MSL Captive Solutions adds experienced stop-loss underwriter

MSL Captive Solutions has appointed Julie Frink as assistant vice president, underwriting lead to provide strategies for customs solutions based on the needs of clients

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BMA: Captive growth in 2021

The Bermuda Monetary Authority licensed 17 new captives in 2021, according to the regulator’s latest Annual Report

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