Risk managers taking centre stage with employee benefits

Risk managers taking centre stage with employee benefits

Risk managers taking centre stage with employee benefits

The world of employee benefits is becoming both increasingly important and complex in the global economy, and risk managers find themselves more and more involved. To investigate these potentially significant opportunities and challenges, Commercial Risk Europe teamed up with MAXIS GBN, the global employee benefits network backed by two of the world’s largest insurance providers – MetLife and AXA, to…

US class action accuses companies of ‘massive’ conspiracy over captives targeted at individuals

US class action accuses companies of ‘massive’ conspiracy over captives targeted at individuals

US class action accuses companies of ‘massive’ conspiracy over captives targeted at individuals

A federal class action lawsuit in the US is alleging a “massive captive insurance strategy conspiracy” for those mainly targeted at individuals, and is seeking damages from captive consultants that “conspired to design, promote, sell, implement and manage illegal tax-advantaged captive insurance strategies”. The defendants in the lawsuit, which is based in Arizona, include Artex Risk Solutions, Arthur J Gallagher,…

Best-rated captives in Bermuda, Cayman Islands and Barbados outperform commercial market

Best-rated captives in Bermuda, Cayman Islands and Barbados outperform commercial market

Best-rated captives in Bermuda, Cayman Islands and Barbados outperform commercial market

Captives rated by AM Best in Bermuda, the Cayman Islands and Barbados (BCIB) continue to outperform the commercial market in terms of operating results, and “persistently strong” operating results in 2017 are the result of increased risk awareness and loss control, as well as the ability to integrate sound risk management practices. This is according to Best, which added that…

Captive report from Chubb and Clyde & Co highlights emerging global challenges

Captive report from Chubb and Clyde & Co highlights emerging global challenges

Captive report from Chubb and Clyde & Co highlights emerging global challenges

Captives continue to be a highly effective and versatile alternative and/or complement to traditional risk transfer options, covering a much wider range of exposures than ever before, including environmental risk, cyber exposures, reputation and employee benefits. This is according to a new report, Emerging Global Challenges for Captives, produced by Chubb Europe and Clyde & Co. The report also notes…

Strong balance sheets for AM Best-rated European captives

Strong balance sheets for AM Best-rated European captives

Strong balance sheets for AM Best-rated European captives

European captives rated by AM Best have the highest levels of balance sheet strength assessment and their ratings have been stable through the past year, with most of the ratings affirmed and their stable outlooks maintained. According to a new report by Best, European Captives – Building Block Rating Considerations: “All of the European captives rated by Best have balance…

AGCS restructures alternative risk transfer business

AGCS restructures alternative risk transfer business

AGCS restructures alternative risk transfer business

Allianz Global Corporate & Specialty (AGCS) is to separate its insurance-linked markets team from the rest of its alternative risk transfer (ART) business. It said there is increasing demand from both investors and insurers for products that bring together the insurance and capital markets, and the move is in line with the growing importance of non-traditional insurance solutions for global businesses.…

Guernsey continues to grow captive and ILS business in China

Guernsey continues to grow captive and ILS business in China

Guernsey continues to grow captive and ILS business in China

Guernsey Finance has been stepping up its activities in China, with events in Shanghai and Hong Kong focusing on its captive expertise as well as insurance-linked securities (ILS). Guernsey Finance said it is making steady progress in securing captive business and raising awareness of the domicile’s insurance solutions. At the Shanghai event, industry professionals were told that the breadth of…

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