Convergence aims to target the insurance of credit risk portfolios, addressing the growing needs for portfolio solutions among banks and global financial institutions.
Previously, MacKay served as assistant vice president at Global Captive Management for more than seven years.
Previously, he led European broking solutions at Guy Carpenter for more than three years.
Based in Mumbai, he will report to George Attard, CEO of Aon Reinsurance Solutions in Asia Pacific, and join the region’s reinsurance executive committee.
This proposal follows the mention of micro-captives on its 2023 list.
The state is known as the largest captive domicile in the US, followed by Utah and North Carolina, holding 439 and 311 respectively.
The initiative also involves Nayms, a crypto-compatible insurance marketplace, and Copper.co, a digital asset custodian.
Milliman’s Tara Miller speaks to Frances Jones about her experiences and influences in the industry
Alyssa Preidt of Capterra Risk Solutions speaks to Frances Jones about her experiences and influences in the industry
Scott Simmons, director of Verve Risk Services, discusses the key decisions and oversight duties of captive insurance boards to help minimise D&O exposure risks. He highlights proper governance, planning, due diligence and accountability measures as imperative for directors
Emerging talent Noah Miller talks to Frances Jones about his experience working at CIC Services and his future aspirations working in the captive industry
As the US cannabis industry grows, suboptimal insurance coverage has left industry players vulnerable to risk. CLIC RRG aims to offer the cannabis industry a new option
Butler University’s Victor Puleo and Craig Caldwell discuss the re-domestication of the world’s first student-run captive from Bermuda to Vermont
Frances Jones reviews captive growth in Europe, while assessing proposed amendments to Solvency II regulations, set to facilitate further expansion within the EU
Dana Munnings-Gray, acting superintendent of insurance, outlines the benefits of The Bahamas as a captive domicile
Datuk Iskandar Mohd Nuli summarises how Labuan IBFC provides a complete captive-centric ecosystem that caters to the lifecycle of a self-insurance company
Strategic Risk Solutions observes further domestic options for Canadian captives, while examining the markets of onshore domiciles, Alberta and British Columbia, and offshore in Barbados
MOCIA’s revitalised board discuss their aims for captive insurance in the region in 2024
