Captive news you need this week: September 21

Welcome to another week in the captive world, and our new week in review newsletter. Here we will bring you all the biggest news from the last week so you’re prepared for your Monday morning and week ahead.

Markets

A report by Marsh found that there had been a 30% increase in captives writing employee benefits and cyber lines. Read the story here.

That same report by Marsh also showed that directors and officers (D&O) pricing had increased 50% in Q2 2020, leading to increased interest in captives. Read the story here.

M&A

Last week SRS announced that they had acquired Dyna Management Services, and independent captive manager based in Bermuda. Read the story here.

Courts

A class action suit against captive manager Artex, Arthur J. Gallagher and Tribeca Strategic Advisors has been dismissed. The suit alleged a breach of fiduciary duty, negligence and civil conspiracy. Read the story here.

People Moves

Cutts-Watson Consulting has announced that James Portelli is joining the firm, to be based in Malta. Read the story here.

Domiciles

Labuan has licensed seven new captives between January 2020 and June 2020, a 9.8% growth in captives in the domicile year-on-year. Read the story here. 

D&I

Zurich has been named one fo the top 20 global employers for LBGT+ people by charity Stonewall. Read the story here.

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