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Marsh: Captives writing terrorism risk up 10 percent in 2018

The number of Marsh-managed captive insurance companies that accessed TRIPRA to write property, workers’ compensation, general liability, and cyber risk rose 10 percent in 2018, according to a Marsh report

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Pinnacle adds new senior consulting actuary to Bloomington office

Pinnacle Actuarial Resources has added Greg Frankowiak as a senior consulting actuary in the firm’s Bloomington, Illinois, office

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Grant Thornton expands Cayman office with new tax practice

Grant Thornton, a global accountancy, tax and advisory firm, has expanded its Cayman Islands office with the establishment of a new tax practice

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Russo returns to RMC Group

Matt Russo has rejoined RMC Group as vice president of operations after five years away from the company

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Bradley adds Alabama Captive Association director as partner

US law firm Bradley Arant Boult Cummings has added Davis Smith as a partner in the corporate securities and tax practice groups of the firm’s Montgomery, Alabama, office

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Bermuda welcomes EU tax blacklist removal

Bermuda’s industry groups have welcomed the EU’s decision to remove the domicile from its “blacklist” of non-cooperative tax jurisdictions

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Bermuda, Barbados, and Aruba removed from EU tax blacklist

Aruba, Barbados, and Bermuda have been removed from the EU’s blacklist on non-cooperative tax jurisdictions

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Asia Pacific domiciles poised for captive growth, says A.M. Best

The Asia Pacific captive market remains tipped for significant growth, despite challenges, as businesses continually seek new and more sophisticated ways of risk management and control, according to A.M. Best

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USA Risk Group senior management completes buyout from Spencer Capital

The senior management team of leading independent captive management firm USA Risk Group has completed a management buyout from Spencer Capital Holdings

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Willis global captive practice CEO Owens to retire

Willis Towers Watson has announced that Paul Owens, CEO of its global captives practice, will retire later this year after nearly 30 years of service with the company

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BMA issues first innovation sandbox licence to insurtech AkinovA

The BMA has issued the first licence under its innovative Insurance Regulatory Sandbox to AkinovA, an electronic marketplace for the transfer and trading of reinsurance risks

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No captive industry in Tennessee without ‘catalyst’ McPeak, says TCIA president Doherty

There would be no captive industry in Tennessee without departing TCDI commissioner Julie Mix McPeak, according to TCIA president Kevin Doherty

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