New York
09 March 2017
Reporter: Becky Butcher

HSP welcomes three captive insurance executives


Hanover Stone Partners (HSP) has appointed John Capasso, Jerry Ferris and Evan Busman as senior risk advisors to the company’s captive specialty practice, CaptiveGuard.

In their new roles, the trio will lead CaptiveGuard, which provides governance and related advisory services for captive insurance companies and their parent organisations.

John Kelly, founder and CEO of HSP, said: “Even as the commercial insurance market continues to offer competitively priced policies, businesses, industry associations and government entities remain committed to alternative risk transfer solutions, including captives.”

“To meet their expanding needs, we are continuing to build our specialty practice focusing on captive governance and performance by adding the industry’s leading professionals in this area. John Capasso, Jerry Ferris and Evan Busman all bring extensive experience in captive insurance and we are delighted to welcome them to our team.”

More news
The latest news from Captive Insurance Times
Join Our Newsletter

Sign up today and never
miss the latest news or an issue again

Subscribe now
R&Q completes assignment of deductible liabilities
21 September 2017 | London | Reporter: Jenna Lomax
The liabilities relate to workers’ compensation policies issued between 1988 and 2012 to a US corporate from a large US carrier
A.M. Best affirms Eni’s captive ratings
21 September 2017 | London | Reporter: Becky Butcher
A.M. Best has affirmed the financial strength rating of “A (Excellent)” and the long-term issuer credit of “a” of Eni Insurance Designated Activity Company (EID), a captive of Eni, a multinational oil and gas company based in Italy
ConocoPhillips captive ratings affirmed ‘excellent’
21 September 2017 | Oldwick | Reporter: Becky Butcher
A.M. Best has affirmed the financial strength rating of “A (Excellent)” and long-term issued credit rating of “a” of Sooner Insurance Company (Sooner), the captive insurer of ConocoPhillips
GFSC addresses Solvency II and IAIS capital standards project
20 September 2017 | St Peter Port | Reporter: Becky Butcher
The Guernsey Financial Services Commission (GFSC) has launched a discussion paper seeking the industry’s feedback on the evolution of the island’s global and European insurance capital standards
NCCIA clarifies 831(b) memo
20 September 2017 | Charlotte | Reporter: Becky Butcher
The North Carolina Captive Insurance Association has issued a statement to clarify a memo discussing the 831(b) tax election and the impact on the state’s captive insurance industry should Congress repeal the election
XL Group selects Dublin as post-Brexit location
20 September 2017 | London | Reporter: Becky Butcher
XL Group has revealed its plans to move its principal EU insurance company, XL Insurance Company, from the UK to Ireland in 2018, in response to Brexit
R&Q completes novation from Cayman captive
20 September 2017 | Cayman Islands | Reporter: Becky Butcher
Randall & Quilter (R&Q) Holdings has completed the novation of reinsurance policies issued between 2006 and 2011 from a Cayman domiciled group captive