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Bitsight and Moody's launch new cyber risk solution

Implied Cyber Threat (ICT) provides cyber risk insights and market context for more than 325 million organisations worldwide.

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Iowa lowers tax rates for captive premiums

Under the act, premiums written above US$60 million will be taxed at a rate of 0.02 per cent, instead of the five per cent rate that applied previously.

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MS Amlin partners with Moody’s RMS to boost modelling capability

The firm has invested in Moody’s RMS Intelligent Risk Platform to inject new data and functionality to support its analysts, providing better insights to frontline underwriters, as well as capital and pricing teams.

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PARIMA 2024 conference to address Asia’s response to global risks

The event aims to bring together over 300 risk and insurance professionals from the Philippines and across Asia Pacific.

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Hogg promoted to Aon’s director for captive management in EMEA

With 32 years of experience in the captive industry, he has led captive service operations in Bermuda, the Isle of Man and across EMEA.

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Morley joins AXIS as head of E&O in US

In her new role, Morley will lead the growth and advancement of the AXIS offering in the professional liability market.

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AM Best upgrades outlook rating of Trisura Group to ‘Stable’

The upgrade reflects improved enterprise risk management practices, policies and procedures around Trisura’s risk management of US captive reinsurance contracts.

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Darag Insurance Guernsey acquires Cayman-domiciled captive

The company intends to merge with the acquired captive in due course, and reinsure the longer-tail portion of the portfolio with its core risk carrier in Germany, Darag Deutschland AG.

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Hannover Re places world’s first catastrophe bond for cloud outage risk

With a value of US$13.75 million, the bond aims to provide the firm with incremental retrocession protection.

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AIG names Ryan Thomas as head of financial lines in Asia Pacific

Based in Singapore, Thomas will report to Chris Colahan, AIG regional president in Asia Pacific.

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CFC acquires MGA Solution Underwriting

Based in Melbourne, Solution is a specialist insurance underwriter that focuses on financial lines insurance products.

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Aspen partners with Pimco to form Pando Re

Aspen will be the sole cedant to Pando Re and Pimco will be the investment manager.

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