Angolan oil sector ripe for transformation

Angolan oil sector ripe for transformation

Angolan oil sector ripe for transformation

Angola has been benefiting from oil price rises in the past year but now it appears major reforms of its oil and gas sector are set to pay dividends too. NJ Ayuk, founder and CEO of Centurion Law Group and executive chair of the Africa Energy Chamber of Commerce, and João Gaspar Marques, an energy analyst, report that Angola is an…

Vermont to explore blockchain technology for captive recordkeeping

Vermont to explore blockchain technology for captive recordkeeping

Vermont to explore blockchain technology for captive recordkeeping

Vermont is to explore emerging blockchain technology and its use in the digital recordkeeping practices of the captive insurance industry. Secretary of State Jim Condos and Department of Financial Regulation commissioner Michael Pieciak recently signed a memorandum of understanding outlining their collaborative efforts to explore blockchain technology. The Secretary of State’s Office and the Department of Financial Regulation jointly issued…

Continued captive growth in Vermont in 2018

Continued captive growth in Vermont in 2018

Continued captive growth in Vermont in 2018

Vermont has continued to see captive growth, licensing 25 new captive insurance companies in 2018, according to its Department of Financial Regulation. The new licences were made up of 12 pure captives, four risk retention groups, three sponsored captives, two industrial insured captives, two special purpose financial insurers, one branch captive and one affiliated reinsurance company (ARC). The department said…

CFOs increasingly on hook for failures in nat cat risk management, warns FM Global

CFOs increasingly on hook for failures in nat cat risk management, warns FM Global

CFOs increasingly on hook for failures in nat cat risk management, warns FM Global

Chief financial officers (CFOs) will increasingly be held to account by investors and shareholders if they fail to manage their firm’s natural catastrophe risk, FM Global says in a new whitepaper. Arguing that CFOs must act now to prepare against natural disasters, it seems the insurer believes an opportunity exists for risk managers to assist these key allies. FM Global…

Flying into the future: Australian Senate Inquiry into drones

Flying into the future: Australian Senate Inquiry into drones

Flying into the future: Australian Senate Inquiry into drones

The long-awaited Australian Senate Inquiry report into the current and future regulatory framework for remotely piloted aircraft (drones) in Australia was released on 31 July 2018. The report was highly anticipated. During the 18-month period of consultation with operators, regulators and businesses, the Senate Inquiry committee heard that Australia is at the forefront of drones. Australia’s aviation regulator, the Civil…