captive

Artex Risk Solutions, the captive, alternative risk transfer, ILS facilitation and capital solutions subsidiary of Arthur J. Gallagher & Co., has named long-standing executive Paul Eaton as its new Artex International Chief Executive Officer (CEO).

Global insurance and reinsurance broker and advisory Aon has made a number of senior changes within the leadership for its White Rock transformer, fronting and insurance management vehicle.

Direct to consumer homeowners insurtech Kin Insurance appears to have an ambition to take greater control of its reinsurance arrangements, as it has established a Bermuda based captive reinsurance platform and a related holding company named Kincession, Ltd.

Arbol, a technology-led company focused on parametric risk transfer and weather insurance markets, has launched an intriguing new solution named Captive+Parametric, which is designed to help corporations better manage climate risk and climate change exposure, with the help of parametric risk transfer to captive structures.

Mars Incorporated, the American company which is one of the largest globally active and multinational manufacturers of food products, confectionery and pet food, has said that alternative capital is attractive to the firm as a potential backer for its captive, whole parametric risk transfer is seen as a “fantastic” risk management tool.

Artex Risk Solutions, the captive and alternative risk transfer solutions subsidiary of Arthur J. Gallagher & Co., has continued to build-out the breadth of its offering with the acquisition of another reinsurance related servicer EWI Re, Inc.

One of the benefits of a captive and something that can make them an attractive proposition for the capital markets, is the fact they offer a ready-made risk pool which is often quite specific in terms of the risks it contains and they can also find access to traditional sources of reinsurance tricky at times.

Marsh & McLennan Companies (MMC), via GC Securities and Marsh Captive Solutions, recently announced the launch of a new vehicle designed to support the access of capital markets-backed insurance-linked securities (ILS) protection, called Cerulean Re SAC Ltd.

GC Securities, the capital markets unit of reinsurance broker Guy Carpenter, and Marsh Captive Solutions have jointly launched Cerulean Re, a collateralized reinsurance platform designed to make it simpler and more efficient for cedents to access collaterlized capacity or issue private catastrophe bonds.

A new study from Conning found that reinsurance companies are under pressure from all angles alternative, with the capital markets, captives and government-sponsored entities all taking risk that was once their domain.