Captives
For the record: Wilson’s insurtech Abacai acquires Dayinsure; 250 job losses at BGL; GRS recruits Advanta team; and Howden acquires STA Group
Post wraps up the major insurance deals, launches, investments and strategic moves of the week not covered elsewhere on www.postonline.co.uk
For the Record: Jensten moves closer to £500m target; Laka unveils European HQ; start-up Mosaic opens for business and SRG acquires again
Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Intelligence: Captives - Risk appetite shift threatens change in composite market
As the spectre of a hard market looms and captive insurance options look more attractive, Post investigates the impact this will have on the commercial insurance market, particularly if the hard cycle is prolonged and the corporate appetite to retain and…
Robus buy adds alternative capital 'string to the bow' of Geo
Ardonagh-owned Geo has bought Guernsey-headquartered insurance management, fiduciary and financial advisory group Robus for an undisclosed sum.
Davies’ captive management arm grows US presence and eyes European expansion
Davies Group is scoping out expanding its captive management presence to Guernsey or Malta, after expanding its US capabilities with the acquisition of Citadel Risk’s captive management business last week.
Blog: Dealing with a hardening market - risk management and loss control during and post Covid-19
With the current insurance market hardening at a rate not seen in over a decade, Risk Solved non-executive Richard Thomas argues those firms that drive improved risk profiling and begin to fully appreciate the quality of the risks within their portfolio…
R&Q reveals record profits as it unveils growth ambitions
Randall & Quilter Investment Holdings has reported a 180% rise in pre-tax profit from continuing operations to £40.1m for the year ended 31 December 2019.
Ross Dennett made chairman of Thomas Miller Isle of Man
Ross Dennett has taken over as chairman of Thomas Miler Isle of Man replacing Rod Lingard who is retiring after more than 30 years with the group.
Interview: Lisa Bartlett, Crawford & Company
Having spent her career working for brokers and then an insurer, Crawford & Company’s new UK and Ireland president Lisa Bartlett speaks to Jonathan Swift about why she has now thrown herself into claims management and loss adjusting, and how she is…
'Disappointing' Aon/WTW merger could see risk managers turn backs on broking giants, warns Airmic CEO
The UK risk management association Airmic has voiced disappointment at Aon’s merger with Willis Towers Watson, warning that its members are prepared to turn to alternative modes of risk transfer if they feel they aren’t getting value for money.
Trade Voice: Airmic's Julia Graham on being prepared
Preparation is key in the current harsh market says Julia Graham, Airmic’s deputy CEO and technical director, as she explains how timely planning, skill, good communication and transparency can demonstrate the real value of insurance.
Insurtech Inshare targets SMEs to corporates with peer-to-peer launch
Insurtech Inshare is seeking to bring peer-to-peer risk and insurance management to the commercial community as it gears up to launch ahead of the Insurtech Connect event in Las Vegas next week.
Analysis: Cutting the costs and risks of employee benefits
Being able to offer attractive employee benefits is vital in terms of recruitment, retention and productivity, but they are both costly and risky
Jin swaps London for Hong Kong at XL Catlin
Global (re)insurer XL Catlin's Shiwei Jin has relocated from London to Hong Kong.
Insuring the Pacific: where cyclones can cost half a nation's GDP
The growing impact of climate change on the Pacific Islands just adds another layer of catastrophe risk to an already highly vulnerable group of countries.
Gibraltar: Between a Rock and a hard Brexit
A minority of Gibraltarian insurers could suffer from the loss of European passporting rights but the territory could also attract companies looking to enter the UK market after Brexit.
This week: Planning, predictions and packing
I am most definitely a planner. Being organised usually tops my list of attributes in appraisals and most of my life as a busy working mum is run by lists. In fact the holiday I'm just about to fly off to has been two years in the planning.
Analysis: Why cruise lines may find captives attractive
A captive insurance vehicle can be an attractive option for a cruise line, and Bermuda is a premier ‘home port’ for such vehicles.
European captives showing strong capital positions in Solvency II disclosures: AM Best
European captives are showing “very strong” capital reserves in through reported Solvency II ratios, according AM Best.
This Week: Menace, manifestos and managing general agents
There is a menace in my house in the form of water. First it caused problems in my kitchen (as many of you will remember) and now it's found its way out of the bathroom.
More scrutiny on Luxembourg captives ahead
With increasing regulatory scrutiny, managing a captive can become challenging. Protected cell companies offer a practical alternative.
Running off captives in Luxembourg: How to recover the equalisation reserve
A treasure awaits those holding the keys for unlocking Luxembourg’s main assets within the insurance industry. According to the regulator’s latest annual report, reinsurers have built up €9.3bn (£7.8bn) in equalisation reserves in the country.
Guernsey and China sign regulation MoU
Guernsey has signed a memorandum of understanding with the China Insurance Regulatory Commission, signalling an increased level of cooperation between the regulatory bodies of both markets.
Hong Kong government advisory report laments reinsurance failings
A Hong Kong government advisory group is recommending changes in captive, marine and reinsurance regulations to help turnaround the SAR's Asia hub status.