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  • Peter Rasmussen Joins USA Risk Group in New Business Development Role Captive manager USA Risk Group has named Peter Rasmussen to a new role for the company, vice president of business development. Mr. Rasmussen will be responsible for driving all sales activity, and, in this role, he will work closely with the organization's subject matter experts.
  • ICCIE Announces New Guidelines, ICCIE Fellow, and ACI Recipients The International Center for Captive Insurance Education (ICCIE) has announced changes to its continuing education guidelines for graduates of its Associate in Captive Insurance (ACI) designation. The organization also announced the latest ICCIE Fellow recipient, Aidan Kelly, and the most recent ACI recipients.
  • Demotech Releases Year-End 2017 Financial Analysis of RRGs Demotech's "Analysis of Risk Retention Groups—Year-End 2017" reports on the overall financial performance of risk retention groups. The rating company's senior financial analyst, Douglas Powell, has concluded that "RRGs have a great deal of financial stability and remain committed to maintaining adequate capital to handle losses."
  • Fitch: European Reinsurers Confirm Resilience to Catastrophes As evidenced by European reinsurers' 2017 results, the sector remains resilient to catastrophe losses, said Fitch Ratings. While it took some rate increases for January and April renewals, Fitch reports that with capital typically above companies' target levels, material premium rate rises are not expected in 2018.
  • Sedgwick Finalizes Cunningham Lindsey Purchase and Names UK Leadership Sedgwick has finalized the purchase of Cunningham Lindsey and its subsidiaries, bringing the company 6,000 additional Cunningham Lindsey colleagues located in 65 countries. The combined enterprise includes the subsidiaries of Sedgwick, Vericlaim, and Cunningham Lindsey and will operate globally under the Sedgwick name.
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  Peter Rasmussen USA Risk Group

Peter Rasmussen Joins USA Risk Group in New Business Development Role

Captive manager USA Risk Group has named Peter Rasmussen to a new role for the company, vice president of business development. Mr. Rasmussen will be responsible for driving all sales activity, and, in this role, he will work closely with the organization's subject matter experts.
April 25, 2018 Read More
  ICCIE Press Release Photo-SF

ICCIE Announces New Guidelines, ICCIE Fellow, and ACI Recipients

The International Center for Captive Insurance Education (ICCIE) has announced changes to its continuing education guidelines for graduates of its Associate in Captive Insurance (ACI) designation. The organization also announced the latest ICCIE Fellow recipient, Aidan Kelly, and the most recent ACI recipients.
April 24, 2018 Read More
  Financial Increase-SF

Demotech Releases Year-End 2017 Financial Analysis of RRGs

Demotech's "Analysis of Risk Retention Groups—Year-End 2017" reports on the overall financial performance of risk retention groups. The rating company's senior financial analyst, Douglas Powell, has concluded that "RRGs have a great deal of financial stability and remain committed to maintaining adequate capital to handle losses."
April 24, 2018 Read More
  Europe 480x377

Fitch: European Reinsurers Confirm Resilience to Catastrophes

As evidenced by European reinsurers' 2017 results, the sector remains resilient to catastrophe losses, said Fitch Ratings. While it took some rate increases for January and April renewals, Fitch reports that with capital typically above companies' target levels, material premium rate rises are not expected in 2018.
April 23, 2018 Read More
  Handshake World 480x377

Sedgwick Finalizes Cunningham Lindsey Purchase and Names UK Leadership

Sedgwick has finalized the purchase of Cunningham Lindsey and its subsidiaries, bringing the company 6,000 additional Cunningham Lindsey colleagues located in 65 countries. The combined enterprise includes the subsidiaries of Sedgwick, Vericlaim, and Cunningham Lindsey and will operate globally under the Sedgwick name.
April 20, 2018 Read More
  Brexit Eggxit 480x377

AIG Builds Brexit Resiliency with 2 New Entities

In a move to restructure its European dealings prior to Brexit, American International Group, Inc. (AIG), will transfer business to two newly formed insurance companies in the United Kingdom and Luxembourg. The reshuffle is intended to provide the organization's clients with uninterrupted UK and European insurance coverage.
April 20, 2018 Read More
  Terrorism Question Marks 480x377

Insurers Anticipate Various Terrorism Changes

With the dramatic shift in the terrorism risk landscape, insurers with significant terrorism exposures are considering the expiration of the Terrorism Risk Insurance Program Reauthorization Act at year-end 2020. Insurers will need to consider the potential termination of the federal backstop for their longer-term policies.
April 20, 2018 Read More
  Guernsey Financial Services-SF

Guernsey Regulator Formalizes Relationship with Bank of England

The Guernsey Financial Services Commission has signed a Memorandum of Understanding with the Bank of England, reaffirming a long-held relationship between the regulator and the Bank's Prudential Regulation Authority. Through the agreement, both parties will be able to share confidential information about regulated entities and formally cooperate on supervision activities.
April 19, 2018 Read More
  Paper Hand

JLTIM Papers: Deductible Buy-Back and Medical Stop-Loss Programs

Two recent papers from JLT Insurance Management reveal how captive insurance can play a role in complex risk financing situations. The papers detail how captives can play a role in deductible buy-back programs and how captive insurance can have a positive impact on medical stop-loss programs.
April 18, 2018 Read More
  Technology in man hands-SF

Risk Management Processes Not Keeping Pace with Technology

Emerging technologies continue to rapidly change the way businesses operate and interact with customers, yet risk management processes are not keeping pace with the associated risks, according to a new report published by Marsh and RIMS, the risk management society™.
April 17, 2018 Read More
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