Saturday, June 15, 2024

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Cyber

Labuan sees eight new captive formations in 2023

Labuan added eight new captives to its stable in 2023, taking the total number domiciled in the jurisdiction to 69.

Hub International experiences substantial captive growth

Hub International has seen a significant increase in captive utilisation over the past four years, according to John Yaple, head of captive insurance at the company.

Marsh targeting 15-20 Edgware Re members by year-end

Marsh is expecting its new cyber group captive, Edgware Re, to have between 15 and 20 members by the end of the year, according to Ellen Charnley, president of Marsh Captive Solutions.

Marsh launches Edgware Re, cyber group captive in Bermuda

Marsh has launched a Bermuda-domiciled cyber group captive for companies seeking more control of their cyber insurance programmes.

Descartes sees captive opportunity with launch of French cyber parametric policy

Increasing numbers of captives are realising there is an opportunity to write cyber as part of their captive programme, according to Léopold Larios, cyber director at Descartes Underwriting.

AM Best affirms rating of JP Morgan captive

AM Best has affirmed the financial strength rating of A (excellent) and the long-term issuer credit Rating of “a” (excellent) of Vermont-domiciled Park Assurance Company. The outlook for the ratings is stable.

Answering the Saturday Morning Question

Ryan Dodd, CEO and Founder of Intangic, explains why it makes good sense to use a captive for cyber and how they can help predict a frequency factor to influence pricing.

Captive USA 2024 Part I: Property to dominate the US captive market

Companies seeking property coverage will continue to be the driving force behind captive formations in the United States in 2024, as companies look to negate rising costs and reduced capacity in the commercial market.

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LATEST PODCASTSLogo

GCP #104: RISKWORLD interviews with Alliant, FERMA and ICEYE

Richard shares three interviews recorded at RISKWORLD in San Diego, featuring Alex Littlejohn and Pete Kranz at Alliant, FERMA's Typhaine Beauperin and Charlotte Hedemark and Stephen Lathrope, of ICEYE.

GCP Short: edRISK launches property, liability programmes

Richard is joined by Tracy Hassett, president and CEO of edRISK, and Spring's Prabal Lakhanpal to discuss the launch of two cells within its Vermont sponsored captive.

GCP Short: The Extra Space Storage captive evolution

Richard is joined by Kacey Kalian, of ExtraSpace, and Brown & Brown's Jason Flaxbeard and Bobby Mayer to discuss the evolution of the storage giant's captive strategy.

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