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Munich Re: “Disproportionately high” cyber insurance gap
31 May 2022
Reporter Rebecca Delaney

The cyber insurance gap is “disproportionately high” amid an imbalance in cyber risk awareness, capacity and protection, according to a new survey by Munich Re

A.M. Best affirms BNY Mellon captives ratings
27 May 2022
Reporter Rebecca Delaney

A.M. Best has affirmed the financial strength rating of ‘A’ (Excellent) and the long-term issuer credit rating of ‘a+’ (Excellent) for both BNY Trade Insurance Ltd and The Hamilton Insurance Corp

SIIA: Expand captive participation in TRIP for SMEs
23 May 2022
Reporter Rebecca Delaney

The Department of the Treasury should expand the size and scope of the Terrorism Risk Insurance Program to cover SMEs vulnerable to the same significant losses from terrorism-related risks, according to the Self-Insurance Institute of America

Ryan Speciality forms group captive MGU
23 May 2022
Reporter Rebecca Delaney

Ryan Specialty has launched AXSAL Re, a member-owned group captive managing general underwriter formed specifically for transportation companies and other insureds with large fleets

Reserve Mechanical Decision concludes in favour of IRS
17 May 2022
Reporter Jenna Lomax

The US Court of Appeals for the Tenth Circuit has affirmed the Reserve Mechanical decision in all respects, rejecting the petitioner’s appeal

Captive Resources adds Molly Hentges as business development executive
10 May 2022
Reporter Rebecca Delaney

Captive Resources has appointed Molly Hentges as assistant vice president and business development executive for medical stop-loss group captives

A.M. Best: D&O segment faces challenges despite positive results
10 May 2022
Reporter Rebecca Delaney

The year 2021 marked the best year for directors’ and officers’ insurers’ premium, volume and direct profitability since 2014, according to a new A.M. Best market segment report

MSL Captive Solutions adds to executive team
03 May 2022
Reporter Rebecca Delaney

MSL Captive Solutions has appointed Peter Parent and Jean Verrier as chief underwriting officer and chief financial officer respectively

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