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US introduces Pandemic Risk Insurance Act amid COVID-19 losses
02 June 2020
New York Reporter Maria Ward-Brennan

The US has introduced the Pandemic Risk Insurance Act of 2020, which aims to cover losses and protect the US economy in anticipation of a resurgence of COVID-19 and future pandemics

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FERMA welcomes new member
29 May 2020
Brussels Reporter Maria Ward-Brennan

The Hellenic Association for Risk Managers has become a member of the Federation of European Risk Management Association, bringing its membership to a total of 22 national risk management associations in 21 European countries

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Labuan IBFC’s insurance profitability grew almost 50 percent in 2019
28 May 2020
Labuan Reporter Maria Ward-Brennan

The Labuan Financial Services Authority has revealed that its insurance industry showed “modest top-line growth but higher profitability performance” last year, according to its Labuan International Business and Financial Centre market performance

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Nichol & Co set to host webinar promoting The Bahamas
27 May 2020
The Bahamas Reporter Maria Ward-Brennan

Nichol & Co, an actuarial and risk consulting firm, will host a webinar on the captive insurance industry in The Bahamas to promote the industry to local professionals and other service providers on 28 May 2020

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FERMA calls on EU to create a resilience framework for catastrophic risks
27 May 2020
Brussels Reporter Maria Ward-Brennan

The Federation of European Risk Management Association has called on the European Commission to create an EU resilience framework for catastrophic risks to address the lack of coverage available for financial losses resulting from non-physical damage

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New captive tax premium bill signed into law
26 May 2020
Oklahoma Reporter Maria Ward-Brennan

Oklahoma’s governor Kevin Sitt has signed HB 3864 into law, which sets out how premium taxes by captive insurers should be distributed within the state of Oklahoma

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Investigation launched into Willis and Aon merger
22 May 2020
New York Reporter Maria Ward-Brennan

Bragar Eagel & Squire, a US stockholder rights law firm, has launched an investigation into whether the board members of WTW breached fiduciary duties or violated the federal securities laws in connection with the company’s proposed merger with Aon

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