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Modelling needed for cyber ILS market development

Better modelling and pricing metrics are needed before the insurance-linked securities (ILS) marketplace is introduced to cyber risk transfer, Florian Heimann of AIR Worldwide has said

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OECD releases additional guidance on CbC reporting

The Organisation for Economic Co-operation and Development (OECD) has provided further guidance on the implementation of country-by-country (CbC) reporting under its framework on base erosion and profit shifting (BEPS) initiative

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UK government sets out new ILS framework

The UK Treasury has published new rules for insurance-linked securities (ILS) as the country aims to grab a share of the rapidly growing market

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Arkansas captive tweaks a 'positive step forward', say lawyers

Recent modifications to the captive insurance law in Arkansas are “a positive move forward to support and grow” the industry in the state

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Superior ratings for MedGroup Pro

A.M. Best has affirmed financial strength rating of “A++ (Superior)” and long-term issuer credit rating of “aa+” of the members of MedPro Group

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Notice 2016-66 missing from Treasury list

Notice 2016-66 is a notable absence from the US Treasury’s Donald Trump-ordered review of tax regulations, despite the Self-Insurance Institute of America (SIIA) asking for its inclusion

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North Carolina captive industry sees ‘rapid growth’

The North Carolina captive insurance industry experienced rapid growth in 2016, according to the state’s Department of Insurance

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US agrees to sign US-EU covered agreement

The US Department of the Treasury and the Office of the US Trade Representative have revealed their intent to sign the bilateral agreement between the US and EU regarding insurance and reinsurance

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Captive Alternatives hires new marketing director

Captive Alternatives, the risk management consultancy, has appointed Emilie Gastley as director of marketing

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NSU to launch new surety captive

National Surety Underwriters has raised $11.5 million in funding for the capitalisation of a new special-purpose surety reinsurance captive, the National Fidelity Reinsurance Company

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New chief underwriting officer at Tokio Millennium Re

Tokio Millennium Re has appointed Brian Secrett as chief underwriting officer and a member of the executive committee, effective 1 October

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Civil swaps Crawford for Cunningham Lindsey

Cunningham Lindsey, a loss adjusting and claims management firm, has appointed Sarah Civil as corporate risks and specialist practice groups director, effective 1 September

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