Risk managers must improve cooperation with HR to deliver more efficient employee benefits

Risk managers must improve cooperation with HR to deliver more efficient employee benefits

Risk managers must improve cooperation with HR to deliver more efficient employee benefits

Risk managers can help deliver more efficient global employee benefits (EB) but must overcome potential clashes with human resource professionals (HR) with clear communication, strong cooperation, clearly defined roles and buy-in from the top, according to speakers at our latest conference. Risk and insurance managers are becoming increasingly involved in delivering more cost-effective and efficient group-wide EB programmes by bringing…

Captives face IPT tax scrutiny as they take on more risk

Captives face IPT tax scrutiny as they take on more risk

Captives face IPT tax scrutiny as they take on more risk

A leading captive manager has warned that captives may face additional insurance premium tax (IPT) as they take on more risk in the hardening global insurance market. Derek Bridgeman, MD of captive manager Strategic Risk Solutions Europe, explained that it is common for corporates to retain risk in layers where there is a certain amount of predictability, and lower severity,…

MAXIS GBN boosts OneClient portal for captives and multinationals

MAXIS GBN boosts OneClient portal for captives and multinationals

MAXIS GBN boosts OneClient portal for captives and multinationals

MAXIS Global Benefits Network (MAXIS GBN) has launched a suite of new data and digital services on its OneClient portal to help captive, global programme and pooling clients. The new innovations include an interactive dashboard for captive and Global Risk Solution (GRS) customers. Other developments include an improved pooling dashboard and upgrades that make the portal easier to use. OneClient…

Guy Carpenter launches marine and energy mutual, agency and captive reinsurance solutions practice

Guy Carpenter launches marine and energy mutual, agency and captive reinsurance solutions practice

Guy Carpenter launches marine and energy mutual, agency and captive reinsurance solutions practice

A new marine and energy mutual, agency and captive reinsurance solutions practice has been launched by Guy Carpenter & Company. The reinsurance broker has appointed Demian Smith as managing director to lead the new practice. According to Guy Carpenter, the practice, which forms part of its global marine and energy specialty group, is one of several key growth strategies the…

Captives can show their value in a hard market, says CRE’s Captives: Next Generation report

Captives can show their value in a hard market, says CRE’s Captives: Next Generation report

Captives can show their value in a hard market, says CRE’s Captives: Next Generation report

Risk managers believe the hardening market is a time for captives to really show their value, according to Commercial Risk Europe’s Captives Report 2020 – Captives: Next Generation. “When the market is hardening, this is a signal that risk managers can use to better sell the use of captives in their setup,” said Francoise Carli, Zakubo Consulting, and former vice-president,…

Huge increase in professional indemnity rates behind new Guernsey captive

Huge increase in professional indemnity rates behind new Guernsey captive

Huge increase in professional indemnity rates behind new Guernsey captive

Rapidly increasing premiums, notably in professional indemnity (PI) cover were a driving factor behind one of the world’s largest independent financial advisory and fintech organisations, deVere Group, establishing a captive in Guernsey. The group has had its application for a captive approved by the Guernsey Financial Services Commission. The group said it is the first time it has applied for…

Now is the time for captives to shine, says new report from Commercial Risk Europe

Now is the time for captives to shine, says new report from Commercial Risk Europe

Now is the time for captives to shine, says new report from Commercial Risk Europe

There has been a lot of talking up of captives during the last few years, with momentum growing in the last year or two, and a feeling that a new dawn was approaching for the sector. According to Commercial Risk Europe’s Captives Report 2020 – Captives: Next Generation, that time is now here. The traditional insurance market has properly hardened…

Aon launches alternative distribution platform in London to tap MGA and third-party capacity

Aon launches alternative distribution platform in London to tap MGA and third-party capacity

Aon launches alternative distribution platform in London to tap MGA and third-party capacity

Aon has launched an alternative distribution platform in the London market that matches underwriting expertise with capacity from multiple sources through fronting, MGAs and captive solutions. The new platform will be led by Graeme Raynor, who joins from Pioneer. It encompasses Aon’s previous global MGA and portfolio, and aims to make a broad range of risk capital available to clients.…

New investment service for captive insurers from Aon and Goldman Sachs

New investment service for captive insurers from Aon and Goldman Sachs

New investment service for captive insurers from Aon and Goldman Sachs

Aon has launched a new investment service for captive insurers in partnership with Goldman Sachs. The new service is based around an investment platform provided by Goldman Sachs and offers a one-stop shop for captives to manage their assets. According to Aon, the new investment service “seeks to make it easier for captive insurers to identify and access appropriate, high-quality…

Captives a key tool in hard market but need serious investment

Captives a key tool in hard market but need serious investment

Captives a key tool in hard market but need serious investment

Captives are currently a good option for European risk managers as they grapple to contain costs and maximise coverage during the rapidly hardening corporate insurance market. They offer the opportunity to more effectively identify, measure, manage and prevent risks, and provide critical leverage when negotiating terms and conditions with the insurance and reinsurance markets. But a panel of experts gathered…

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