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Insurance
Crop Pro Insurance, a new managing general agent (MGA) specializing in crop insurance, received Standard Reinsurance Agreement (SRA) approval as an MGA from the US Department of Agriculture (USDA). 14 August 2017
Insurance
Specialty re/insurer Brit has appointed Tom Bongi as executive vice president of professional lines at Brit Global Specialty USA (BGSU). 14 August 2017
News
US property/casualty insurer Spinnaker has selected reinsurance broking and risk/capital management firm TigerRisk Partners’ TigerEye platform to structure its overarching corporate reinsurance portfolio and support its existing underwriting strategy, particularly for managing catastrophe exposures. 14 August 2017
Insurance
The Schinnerer Group, underwriting managers of specialty insurance programmes, has entered into an agreement to acquire US-based International Catastrophe Insurance Managers (ICAT), an underwriter at Lloyd's, from the Paraline Group. 11 August 2017
Alternative Risk Transfer
Forecasters are predicting a higher likelihood of an above-normal hurricane season for 2017, and they increased the predicted number of named storms and major hurricanes, according to the National Oceanic and Atmospheric Administration (NOAA). 11 August 2017
Insurance
Alesco Risk Management Services, a specialist insurance and risk management broker, is expanded its energy division with the appointment of Bob Choppen, formerly deputy managing director of energy at Willis Towers Watson. 11 August 2017
Insurance
Specialty insurance holding Navigators Group has promoted Patrick Milner to president of NavTech, succeeding Stephen Coward, who retired at the end of July after more than 15 years with the company. 11 August 2017
Insurance
The scrutiny that some types of captives – in particular 831(b)s – face from the IRS is unlikely to go away, and advisors must get smarter about how they educate clients, according to Anne Marie Towle, captive consulting practice leader at JLT Insurance Management. 11 August 2017
Insurance
There is an inherent federal conflict that creates licensing problems for businesses in the recreational and medicinal cannabis industries looking to form a captive. 11 August 2017
Insurance
With around 35 to 40 states having now passed some form of captive legislation, more captives are redomiciling to their home state, according to Bill Mourelatos, director of Aon Insurance Managers (Vermont). 11 August 2017
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