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A.M. Best: ILS and traditional reinsurance market showed resilience at Jan renewals

The report, Insurance-Linked Securities Market Weathers Elevated Catastrophe Activity and Global Pandemic in 2020, finds that the global reinsurance capital returned to its pre-pandemic level of $485 billion at year-end 2020

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Washington State captive bill is ‘poorly drafted’, says Vermont’s Rich Smith

“Washington could have instituted a self-procurement tax like several other states — instead, the Office of the Insurance Commissioner chose pride over prudence,” according to Rich Smith, president of the Vermont Captive Insurance Association

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GFSC pre-authorises Robus Insurance PCC captive cell

Guernsey-based protected cell company Robus Insurance PCC has had a captive cell pre-authorised for a client for their professional indemnity programme

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AGCS: businesses need to review BCP due to rising political unrest

Business continuity planning needs to proactively address political violence risks, particularly in highly-exposed sectors such as retail, according to the latest issue of Global Risk Dialogue from Allianz Global Corporate & Specialty

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Kevin Stratton to lead Corant Global’s Bermuda reinsurance operations

Corant Global has appointed Kevin Stratton to lead the group’s new reinsurance operation in Bermuda

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Negative outlooks for Credit Agricole’s captives, states Fitch Ratings

Fitch Ratings has affirmed Luxembourg-based CAMCA Assurance's and CAMCA Reassurance's long-term issuer default ratings at 'A+'

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World’s first humanitarian cat bond established with Guernsey ILS structure

The world's first humanitarian catastrophe bond covering pure volcanic eruption has been completed using a Guernsey insurance-linked securities structure

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BILTIR names Shelby Weldon as executive director

Shelby Weldon, who has over 30 years of experience in Bermuda financial services, will lead BILTIR in its mission to advocate for Bermuda’s life and annuity industry

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Fitch affirms Protective Life’s ratings

Fitch Ratings has affirmed the 'A+' insurer financial strength ratings of Protective Life Corporation's primary life insurance subsidiaries

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Lance Abbott to chair CICA 2021 board

Lance Abbott, CEO of BevCap Management, has been appointed as chair of the Captive Insurance Companies Association board of directors for another term

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Zurich UK launches new risk services unit

Zurich UK has launched a new risk services unit, Zurich Resilience Solutions, to help businesses manage emerging and evolving risks

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RMS and TigerRisk Partners expand partnership with new agreement

Risk Management Solutions and TigerRisk Partners have expanded their partnership to include additional models and data in a new multi year agreement

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