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Lockton launches global reinsurance business

Lockton has launched a new global reinsurance business, Lockton Global Re, with a leadership team of well-known executives from the insurance industry

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Artex promotes Hurlston in Cayman office

Artex Risk Solutions has promoted Laura Hurlston to client services manager

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Tennessee written premium up 20% despite drop in captive numbers

Tennessee-domiciled captive insurance companies’ written premiums rose by 20 percent to $1.2 billion last year, despite the state seeing reduced growth in new captive licences and a rise in captive closures

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Aon not pursuing Willis Towers Watson combination

Aon has stated that it is not pursuing an “all-share business combination” with Willis Towers Watson, following extensive speculation over a deal which would have seen the combination of two of the world’s largest insurance brokers

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Guernsey providing captive solution for pension scheme risks

Guernsey is providing a captive-based solution that will offer an alternative method to manage defined benefit pension scheme risks

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MAXIS GBN appoint Almeida as head of distribution

MAXIS GBN, Metlife and AXA’s international employee benefits EB joint venture, has appointed Ricardo Almeida as head of distribution

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Marsh adds AIG’s Bauer as sharing economy and mobility group head

Marsh has appointed Robert Bauer as head of its US sharing economy and mobility practice

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Uber and Lyft utilising Hawaiian captives

Two giants of the ridesharing industry, Uber and Lyft, appear to be using Hawaiian-based captive insurance companies as part of their risk management strategy

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World’s first blockchain exchange for (re)insurance to launch in Bermuda

The (re)insurance industry’s first distributed ledger technology driven risk and capital exchange, called the Bermuda Insurance Exchange, is set to launch in Bermuda later this year

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Marsh makes Ireland leadership changes

Marsh Ireland has made a number of changes to its leadership, appointing Joe Grogan as executive chairman and Patrick Howett as CEO

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Singapore issues first catastrophe bond

The first catastrophe bond has been issued under Singapore’s ILS regulatory regime

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Spain provides no-deal Brexit contingency measures including transition period

Spain has published a royal decree providing no-deal Brexit contingency measures for entities that provide services in the country but are domiciled in Gibraltar and the UK

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