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Skyward Specialty adds captive solution to construction portfolio

Skyward Speciality Insurance Group has expanded its construction portfolio to include a crane and rigging captive programme as part of its ongoing partnership with eMaxx Assurance Group

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SRS launches second Luxembourg office

Strategic Risk Solutions has opened its second office in Luxembourg to support the insurance company manager’s five-year European strategy plan

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MSL Captive Solutions adds to executive team

MSL Captive Solutions has appointed Peter Parent and Jean Verrier as chief underwriting officer and chief financial officer respectively

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Gallagher Re: Insurtech investment continues “incredible upwards trajectory”

Global investment in the insurtech sector throughout 2021 reached a record-high of US$15.8 billion, according to the first Global Insurtech Report by reinsurance broker Gallagher Re

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Oklahoma unveils Captive and IBT Conference

The Oklahoma Insurance Department has announced it will host an inaugural Captive and Insurance Business Transfer Conference in August this year

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IRS should not expand captive rule for RPII, comment letter says

A threefold coalition of associations representing US property and casualty insurance companies has written a comment letter in response to the Internal Revenue Service’s proposed amendments to related party insurance income

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Lockton names new risk finance head

Lockton Companies has appointed James Donald as head of risk finance

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GAO: IRS could improve its offshore insurance compliance investigations

The IRS has scope to improve its reviews of offshore insurance audits and investigations, as well as how it records and analyses the quality reviews of such investigations, according to a study by the U.S. Government Accountability Office

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WTW: Interest in captives for D&O liabilities

20 per cent of non-captive owners are considering forming a captive for directors’ and officers’ liability insurance, according to a new survey by WTW

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DARAG closes North American captive transaction

Legacy acquirer DARAG Group has completed a novation transaction with an offshore captive insurance company, giving the counterparty full legal finality

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Atlas adds senior account manager

Atlas Insurance Management has appointed Kirsty Swink as senior account manager in the firm’s US client servicing team

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Alberta assembly passes reading of captive bill amendments

The Legislative Assembly of Alberta has passed a reading of Bill 16, also known as the Insurance Amendment Act, to include clarifications around the redomestication of captive insurance companies to and from the province

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