In recent years there has been a rise in introducing employee benefits risk to captives and COVID-19 is “destined to accelerate this trend”, according to Sven Roelandt of Aon
A.M. Best has downgraded American Transportation Group Insurance Risk Retention Group’s financial strength rating to C++ (Marginal) from B and the Long-Term Issuer Credit Rating to “b” from “bb”
Vermont captive reinsurance company FRMT has appointed Kimberly Trimble as its first CEO
According to Feldman, businesses with captive insurance “stand in a better financial position to weather the current storm posed by the pandemic and the resulting shutdown of businesses”
The Connecticut Captive Insurance Association has revealed it is postponing its 2020 Collaborative scheduled to take place on 27 May, amid the current COVID-19 pandemic
BDO in Guernsey has launched a new actuarial non-life offering to Guernsey-based captive insurance managers
Shareholders of Zurich Insurance Group have approved the re-election of all members of the board of directors
Marsh & McLennan Agency has acquired Schaumburg, Illinois-based Assurance Holdings
A wholly-owned US subsidiary of Enstar Group has entered into a novation agreement with affiliates of ridesharing company Lyft and underwriting companies of Zurich North America
Thomas Miller has appointed Ross Dennett as chairman, succeeding Rod Lingard, who is set to retire after more than 30 years at the firm
Allianz Global Corporate & Specialty has appointed Ali Shahkarami to the newly appointed role of chief data officer, effective 1 April
Gallagher Bassett has set up a COVID-19 task force with a cross-functional team of its senior leaders