The former director of Vermont captive insurance was awarded for his visionary contributions to the industry by the National Risk Retention Association.
Leonard Crouse received the Karen Cutts Visionary Award at National Risk Retention Association’s (NRRA) annual conference.
10/10/2011
more//
Marsh has warned that insurers are failing to understand the risk of biodiversity loss.
The broker’s latest white paper, ‘Biodiversity – the Value of the Environment,’ indicates the chronic loss of biodiversity remains a risk that is still not well understood.
05/10/2011
more//
There is a positive relationship between the maturity of organisations’ risk management and their financial performance, says a report by Aon Risk Solutions.
The findings were apparently demonstrated in the Aon Risk Maturity Index, which looked at data for publicly traded companies ranging from mid-size businesses to Fortune 100 companies.
04/10/2011
more//
Captive exam fees can be costly in many growing US domiciles where the examinations are outsourced.
Outsourcing can work well for some domiciles but can be very costly with exam fees being very high, said Daniel Towle, director of Financial Services at the Vermont Department of Economic
Development. Towle added that Vermont has 28 regulator staff working on captives but is hiring up to 32.
03/10/2011
more//
Marsh has appointed Richard Waterer as head of Marsh Risk Consulting (MRC) in the UK and Ireland.
Waterer will be based in London and report to Rob DeJonge, head of MRC for Europe, Middle East and Africa and to George Davies, head of Marsh’s UK Strategic Client Group.
03/10/2011
more//
Honeywell is looking to write trade credit and supply chain risks into its captives.
The technology company is also going to reassess writing a UK medical program into one of its two captives in 2013.
03/10/2011
more//
Reinsurers should work with corporate insurance buyers to develop solutions for the risks highlighted by the spate of natural catastrophes over the last two years, said the president of the
Federation of European Risk Management Associations (FERMA).
Peter den Dekker said reinsurers needed to understand how business models had changed so they could support insurers in devising innovative solutions to risks that companies face now and will do in
future.
03/10/2011
more//
Bermuda believes the world still needs to be educated on the benefits of the domicile after sending regulators and a full range of service providers to the Captive Live USA conference.
Business Bermuda (pictured), sponsor of the event, reported getting many new potential clients from Canada at the conference after Canada and Bermuda recently signed a tax information exchange
agreement (TIEA).
03/10/2011
more//
Captive Live USA, Chicago, had over 400 delegates at the educational conference this week.
The free event (that has been going for several years in Europe and the UK) launched in America on September 26-27 with attendees travelling from as far as Luxembourg, the UK and Bermuda to
attend.
28/09/2011
more//
An Illinois-based trucking company is looking to start a captive.
Compass Holding has decided to establish a captive primarily to cover physical damage and workers’ compensation.
28/09/2011
more//
Willis has recruited the director of risk at Rolls-Royce Group to be the chairman of its global aerospace division.
Mark Wilford will be working in Willis’ London offices from January 1, 2012, replacing Andre Clerc as he retires.
23/09/2011
more//
A member of the NRRA general counsel was awarded for his influential role in defending RRGs by the Nevada Captive Insurance Association.
Robert Myers (pictured), partner at Morris, Manning and Martin, received the Alice A. Molasky-Arman award at the association’s annual conference.
22/09/2011
more//
Sainsburys’ captive chose not to claim compensation for damages caused by the UK riots.
The British Prime Minister, David Cameron, extended the period in which companies could claim for the British police compensation scheme under the 1886 UK Riot Act.
21/09/2011
more//
