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Insurance
Cannabis captives face inherent conflict at federal level
There is an inherent federal conflict that creates licensing problems for businesses in the recreational and medicinal cannabis industries looking to form a captive.   11 August 2017
Insurance
India’s GIC Re plans international expansion, Lloyd's syndicate
India’s state reinsurer GIC Re which is planning to float on the stock exchange wants to grow the reinsurance business outside India to reach around 50 percent of its total gross premiums from currently 30.53 percent.   10 August 2017
Insurance
Novae poaches Beazley operations head for group COO position
Lloyd's insurer Novae Group has appointed Adam Cragg as group chief operating officer.   10 August 2017
Insurance
JLT Specialty hires Aon exec to build construction practice in US
JLT Specialty USA, a subsidiary of broker Jardine Lloyd Thompson Group, has appointed Andy O’Brien as a partner in its Boston office.   10 August 2017
Insurance
Prudential merges UK fund management with insurance unit
UK-based life insurance group Prudential said on Aug. 10 that it is merging its Prudential UK & Europe unit with its asset manager M&G to form a leading savings and investments business.   10 August 2017
Insurance
Endurance acquisition boosts Sompo’s results
The acquisition of Bermuda-based Endurance has lifted Sompo Holdings’ overseas profit between April and June 2017, helping to improve the consolidated results.   10 August 2017
Insurance
Agency captives can align interests of brokers and carriers
Agency captives can offer agents and brokers the opportunity to earn underwriting profits previously retained by the insurance carrier, and align the interests of the agent and carrier regarding risk selection, pricing and loss control.   10 August 2017
Insurance
Opaque nature of cyber risks makes captives managers wary
Companies looking to better utilise their captive to take on more risks such as cyber, need to adopt a risk-based approach and define an optimal risk financing strategy, according to Adam Peckman, global practice leader at Aon Risk Solutions.   10 August 2017
Insurance
Captive industry has boosted Vermont’s economy, says Governor Phil Scott
Since the introduction of the first captive bill in 1981, captive insurance has played an important role in supporting economic growth in the state of Vermont.   10 August 2017
Insurance
AmTrust Q2 profit plummets as reinsurance cost bite, combined ratio deteriorates
New York-based insurance holding company AmTrust Financial Services saw its profits plummet in the second quarter of 2017 as the cost of a retroactive reinsurance agreement weighs on results and the combined ratio deteriorates.   9 August 2017

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