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RMS expands climate risk models to reinsurer

Risk Management Solutions has expanded its partnership with global speciality reinsurer Canopius to develop and strengthen the latter’s climate change risk analysis using RMS Climate Change Models

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A.M. Best affirms oil and gas captive ratings

A.M. Best has affirmed the financial strength rating of ‘A-’ (Excellent) and the long-term issuer credit rating of ‘a-’ (Excellent) for Jamestown Insurance Company, a single-parent captive of Hess Oil and Gas Holdings

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TPA adds new hire to foster captive programme growth

Helmsman Management Services has appointed Ryan Burke as senior account executive

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Risk Strategies acquires employee benefits agency

Risk Strategies has acquired insurance and employee benefits agency Meeker Sharkey & Hurley to expand the specialty insurance brokerage and risk management firm’s retail insurance operations

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Marsh bolsters alternative risk transfer leadership

Marsh has appointed Matthew Latham as alternative risk transfer leader

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EY warns of tax pitfalls in captive formation

There are several tax pitfalls prospective parent companies must be aware of when setting up a captive insurance company, according to a new guide by Ernst & Young

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AGCS names new TMT global industry solution director

Allianz Global Corporate and Speciality has appointed Jody Yee as global industry solution director for technology, media and telecommunications, effective 1 January 2022

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Willis Towers Watson adds to strategic risk consulting group

Willis Towers Watson has appointed Ed Koral as director of strategic risk consulting

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HUB launches renters’ insurance captive

Global insurance broker Hub International Limited has formed HUB Tenant Liability Captive Insurance company to retain insurance premiums and mitigate risks for residential rental real estate clients

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ACC: Captive insurance has a “primary focus” in Labuan IBFC’s five-year roadmap

Labuan IBFC saw 18 new captives approved as at Q3 2021, as well as a 28 per cent increase in premiums for its captive business, demonstrating the primary role of captive insurance in Labuan IBFC’s five-year strategic roadmap

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ACC: Cell formations show democratisation

New cell formations demonstrate that the captive industry and its ecosystem is becoming more accessible to a growing number of companies considering alternative risk financing, says a panel at the Asian Captive Conference

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ACC: Pandemic has shown value of risk management teams

The COVID-19 pandemic has shifted the role of insurance and risk professionals by highlighting the importance of integrating and embedding risk management teams into an organisation, according to a panel at the Asian Captive Conference

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