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South Africa FSCA proposes new requirements for cell captives

The South Africa Financial Sector Conduct Authority has published a revised draft conduct standard setting out requirements relating to third party cell captive insurance business

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SRS hires Brian Collins as managing director of new Luxembourg office

Strategic Risk Solutions has named Brian Collins as managing director of its new captive management business in Luxembourg

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Hospitality sector could turn to captives for future planning, amid COVID challenges

The ongoing COVID-19 pandemic has caused “major uncertainty” across the hospitality industry in regards to policy exclusions, lack of capacity and affordable coverage, but captives could hold the answer for future planning

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A.M. Best: captives to thrive in current market

Firming commercial insurance prices and impacts from the ongoing COVID-19 pandemic could present opportunities for the US captive insurance segment to increase its footprint in several lines of business, according to a new A.M. Best report

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FERMA backs EIOPA’s pandemic resilience scheme

The Federation of European Risk Management Associations has welcomed a report by the European Insurance and Occupational Pensions Authority on a pandemic resilience scheme and has urged European institutions to act on its ideas

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DARAG appoints a new group head of claims

DARAG Group has appointed Elliott Goss as group head of claims, based in London

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UK aviation captive initiative for future pandemics knocked back by government

A conceptual initiative for a government-mandated captive for the UK airline industry covering a second pandemic-style or other 'black swan' event has not been supported by the Government, according to Nigel Weyman of Gallagher Aerospace

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Ryskex start-up wins Lloyd’s Lab Fusion programme

The Lloyd’s Lab Fusion programme has named Ryksex startup Ten C’s as this year’s event winner

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Guy Carpenter names new managing director of global risk solutions

Guy Carpenter has appointed Andrea Piatti as a managing director, global risk solutions, effective 3 August

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AXA XL names new members of its leadership team

AXA XL has named Elie Hanna, chief distribution officer, Luis Prato, chief underwriting officer, and Martin Turner, chief claims officer, as members of the new leadership team for its UK and Lloyd’s region

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Gossmann & Cie. receives risk carrier license in Malta

Gossmann & Cie. has received the license to operate its risk carrier, a PCC from the Malta Financial Services Authority

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Davies Group expands offering with Citadel Risk acquisition

Davies has acquired Citadel Management Bermuda Limited and Cedar Consulting

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