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Barbados launches its first virtual captive conference

The Barbados International Business Association will host Barbados Risk and Insurance Management, its first virtual conference, which is set to be held on 24 to 25 March

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Pinnacle Actuarial Resources promotes Laura Maxwell and Jordan Paszek

Pinnacle Actuarial Resources has promoted Laura Maxwell to director and consulting actuary and Jordan Paszek to consulting actuary

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FCA Bank and AXA Partners renew partnership on distribution of insurance products

Headquartered in Dublin and wholly-owned by the FCA Bank Group, FCA Capital Re is the group’s captive reinsurer, assuming the risk arising from the insurance policies distributed by FCA Bank by dealer networks in the main European markets

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Growth continues in global run-off, according to PwC 2021 survey

Global non-life run-off liabilities are estimated to have risen to $864 billion in 2021, according to PwC’s 2021 Global Run-off Survey

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Michael Furtschegger takes on new role at AGCS

Allianz Global Corporate & Specialty has appointed Michael Furtschegger as global head of entertainment, effective immediately

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Paul Lewis named regional director of MAXIS GBN’s new Americas strategic accounts division

MAXIS Global Benefits Network (MAXIS GBN) has promoted Paul Lewis to regional director, Americas as part of a new strategic accounts division in the Americas region

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SRS hires Anna Pereira for newly created ILS role

Strategic Risk Solutions has appointed Anna Pereira to the newly created position of senior vice-president, insurance-linked securities, effective on 1 March

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Compre completes its second Lloyd’s transaction

Compre has completed its second Lloyd’s transaction, the reinsurance to close of Syndicate 3330’s 2018 year of account into its Lloyd’s Syndicate 1994 along with the purchase of AXA DBIO II’s corporate member

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A.M. Best affirms ratings of Principal Financial Group and subsidiaries

A.M. Best has affirmed the financial strength rating of A+ the long-term issuer credit ratings of “aa” of Principal Life Insurance Company and Principal National Life Insurance Company

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Lottery and gaming fintech establishes captive

DoubleJack, a fintech company with its own lottery and gaming platform powered by DJACK, the Tron-based utility token, aims to establish a captive insurance company for all its providers

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RISCS relocates client’s cell and converts to full captive

A European domiciled cell captive has successfully relocated to a US domicile and converted into a full captive, according to Oliver Schofield of Risk and Insurance Strategy Consultants

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Cayman Islands sees largest increase in formations since 2017

The Cayman Islands Monetary Authority has revealed it welcomed 36 new insurance formations in 2020, marking the largest annual increase since 2017

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