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VCIA 2018: ‘tremendous opportunity’ for captives in renewables

There is a “tremendous opportunity” for captive insurance companies in renewable energy, according to Robert Walling, principal and consulting actuary at Pinnacle Actuarial Resources

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Cat bond issuance in Q2 shows continued ‘robustness’ of ILS sector

Catastrophe bond issuance totalled more than $4 billion in Q2 2018, the third largest Q2 total in history, according to a report from Aon Benfield

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Microsoft captive pays $876,820 to settle with Washington Insurance Commissioner

Microsoft’s captive insurer, Cypress Insurance, will pay $876,820 to the Washington state Insurance Commissioner, Mike Kreidler, as part of a settlement agreement with the state

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VCIA 2018: Association targeting more students at conference

The VCIA are looking to expand the numbers of young risk management students that attend their annual conference over the next few years, according to VCIA president Rich Smith

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AHPs likely to be prohibited in some states

The formation of association health plans is likely to be prohibited in some states, according to the Self-Insurance Institute of America

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DARAG and SOBC launch US and offshore run-off venture

Legacy acquirer DARAG and US-based run-off specialist SOBC have launched a joint venture, SOBC DARAG, to support expansion into the US and Bermuda/Caribbean run-off markets

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Marsh appoints two members to client advisory services roles

Insurance broker and risk management solutions provider Marsh has appointed two existing employees to newly created roles

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VCIA 2018: opportunity for captives in autonomous vehicle industry

There is an opportunity for captive insurers in the autonomous vehicle space, according to Peter Tomopoulos, senior manager of Deloitte Consulting’s actuarial, rewards and analytics

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VCIA 2018: captives function best behind risk engineering and legal programmes

Using a captive insurance company as a third line of defence, behind a risk engineering programme and the legal side and contracts, has helped drive the company forward

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A.M. Best affirms Lufthansa’s captive

A.M. Best has affirmed the financial strength rating of “A (Excellent)” and the long-term issuer credit rating of “a” of Delvag Versicherungs-AG, located in Germany

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VCIA 2018: blockchain will build on trust in insurance industry

Blockchain will build on the trust in the insurance industry, according to Carol Barton of AIG

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VCIA 2018: 12 new captives licensed in ‘good year’ for Vermont

Vermont has licensed 12 new captive insurance companies in 2018 and has more applications in process.

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