Alternative risk transfer

Health and safety emerges as top risk facing global directors according to WTW’s and Clyde & Co’s latest survey

Retrieved on: 
Wednesday, March 20, 2024
Transfer, Health, Crime, Climate change, Risk management, Alternative risk transfer, Risk, Education, Mental health, Clyde & Co, D&O, WTW, Safety, Occupational safety and health

LONDON, March 20, 2024 (GLOBE NEWSWIRE) -- Health & safety emerges as the top risk for directors and officers according to the 2024 Global Directors’ and Officers’ Survey Report from WTW (NASDAQ: WTW), a leading global advisory, broking, and solutions company, and Clyde & Co, a leading global law firm.

Key Points: 
  • LONDON, March 20, 2024 (GLOBE NEWSWIRE) -- Health & safety emerges as the top risk for directors and officers according to the 2024 Global Directors’ and Officers’ Survey Report from WTW (NASDAQ: WTW), a leading global advisory, broking, and solutions company, and Clyde & Co, a leading global law firm.
  • Overall, health and safety was considered the top risk with 84% of global directors, officers and risk managers ranking it as very or extremely important, closely followed by cyber-attack (including cyber extortion) risks on 79%.
  • Jeremy Wall, Head of Global FINEX, WTW, said: “We are pleased to be launching the 2024 Global Directors’ and Officers’ Survey Report in collaboration with Clyde & Co.
  • “While the last five years have seen cyber and data breaches being a top risk for directors and officers, it was a surprise to see Health & Safety be considered the top risk.

WTW appoints Jody Yee East Coast Leader for the Technology, Media & Telecommunications (TMT) Industry Division

Retrieved on: 
Monday, January 22, 2024
Yee, Transfer, Allianz, GCA, F1000, Corporation, CRB, TMT, History, Risk, Risk management, Alternative risk transfer, WTW

NEW YORK, Jan. 22, 2024 (GLOBE NEWSWIRE) -- WTW (NASDAQ: WTW), a leading global advisory, broking, and solutions company, today announced the appointment of Jody Yee as the leader for the entire eastern US market for the Technology, Media, and Telecommunications (TMT) industry division within the Corporate, Risk, and Broking business in North America (CRB NA) for WTW.

Key Points: 
  • NEW YORK, Jan. 22, 2024 (GLOBE NEWSWIRE) -- WTW (NASDAQ: WTW), a leading global advisory, broking, and solutions company, today announced the appointment of Jody Yee as the leader for the entire eastern US market for the Technology, Media, and Telecommunications (TMT) industry division within the Corporate, Risk, and Broking business in North America (CRB NA) for WTW.
  • Yee will also serve as a Global Client Advocate (GCA) leading key relationships in the F1000 space that require specialized industry proficiency and sophisticated risk financing strategy.
  • Yee joins WTW after over 16 years with Allianz where his most recent role was Global Industry Solutions Director for TMT.
  • I am delighted to welcome Jody to the WTW team.” Yee will be based in New York.

FG Financial Group’s Reinsurance Division Achieving Strong Financial Performance; Expects Growing Fee Revenue in 2023

Retrieved on: 
Tuesday, May 30, 2023
Asset Management, Professional Services, Insurance, Finance, SPAC, Partnership, FG, D&O, Negotiation, Alternative risk transfer, Acquisition, Investment, Nature, Risk, Growth, Fundamental, FGF, Reinsurance, Roman Catholic Diocese of La Crosse

Furthermore, the company has focused on growing its fee-based revenue and expects to realize its first fees through its FG RE Solutions unit in 2023.

Key Points: 
  • Furthermore, the company has focused on growing its fee-based revenue and expects to realize its first fees through its FG RE Solutions unit in 2023.
  • As previously reported on May 12, 2023, FG Financial’s reinsurance division achieved net premiums earned of $3.7 million for the first quarter of 2023.
  • This growth, along with disciplined underwriting, drove strong net underwriting profit at the reinsurance division to over $1 million in the first quarter of 2023.
  • The Company has in place and or is currently negotiating opportunities that could yield up to $1 million in fee revenue in 2023.

Risk Partners' Gary Osborne Recognized as Captive Insurance Person of the Year

Retrieved on: 
Monday, November 22, 2021
OEM, Alternative risk transfer, Industry, Face, PricewaterhouseCoopers, Leadership, Solution, Sedgwick, ARI, Risk, Association, Holman, Insurance, Management

MAPLE SHADE, N.J., Nov. 22, 2021 /PRNewswire-PRWeb/ -- Risk Partners, a specialty underwriter and alternative risk provider, today announced that renowned industry veteran Gary Osborne has been recognized as Captive Person of the Year by the South Carolina Captive Insurance Association (SCCIA).

Key Points: 
  • MAPLE SHADE, N.J., Nov. 22, 2021 /PRNewswire-PRWeb/ -- Risk Partners, a specialty underwriter and alternative risk provider, today announced that renowned industry veteran Gary Osborne has been recognized as Captive Person of the Year by the South Carolina Captive Insurance Association (SCCIA).
  • A veteran of the industry with nearly four decades of experience, Osborne joined Risk Partners as Vice President of Alternative Risk in 2018.
  • "I'm extremely honored to receive this recognition and represent South Carolina's flourishing captive insurance industry," said Gary Osborne, vice president, alternative risk, Risk Partners.
  • For additional information or to learn more about Risk Partners' extensive lineup of captive insurance and alternative risk services, please visit RiskPartners.com .

AIP Asset Management Shortlisted in Four Categories for 2021 HFM US Hedge Fund Performance Awards

Retrieved on: 
Monday, October 4, 2021
Citadel, AIP, Alternative risk transfer, Fund, Credit Suisse, American Energy Partners, LP, Consultant, COVID-19, HFM, Investment, American Market, AQR, Security (finance)

Toronto, Ontario--(Newsfile Corp. - October 4, 2021) - AIP Asset Management Inc. ("AIP") is pleased to announce that for the third year in a row, the AIP Convertible Private Debt Fund LP ("Fund") has been shortlisted in four categories for the 2021 HFM US Hedge Fund Performance Awards.

Key Points: 
  • Toronto, Ontario--(Newsfile Corp. - October 4, 2021) - AIP Asset Management Inc. ("AIP") is pleased to announce that for the third year in a row, the AIP Convertible Private Debt Fund LP ("Fund") has been shortlisted in four categories for the 2021 HFM US Hedge Fund Performance Awards.
  • We are proud that this year the Fund has been nominated in the Alternative Risk Premia, Global Equity Long-Term Performance (5 Years) and other categories.
  • The HFM US Hedge Fund Performance Awards are the most important and influential awards within the US Hedge Fund industry, with many well-established funds vying for its recognition.
  • Alex Kanayev, co-founder and Chairman of AIP, further added: "We continue to be pleased that AIP has won several awards in previous years and that it continues to gain recognition in the US having been shortlisted again in the HFM US Hedge Fund Performance Awards.

Best’s Market Segment Report: U.S. Captive Insurers’ Flexibility, Control Enable Them to Outperform Commercial Peers

Retrieved on: 
Wednesday, August 4, 2021
Other Professional Services, Professional Services, Insurance, Types of insurance, Insurance, Captive insurance, Offshore finance, Alternative risk transfer, Captive

The new Bests Market Segment Report, Captives Flexibility and Control Enable Them to Outperform Commercial Peers, states that captives inherent flexibility and control in managing risk drives profitability and retained earnings, while creating value for their policyholders and stakeholders, regardless of market conditions.

Key Points: 
  • The new Bests Market Segment Report, Captives Flexibility and Control Enable Them to Outperform Commercial Peers, states that captives inherent flexibility and control in managing risk drives profitability and retained earnings, while creating value for their policyholders and stakeholders, regardless of market conditions.
  • Year over year, the AM Best-rated U.S. captives recorded a 4.1-percentage point improvement on their combined ratio to 97.9 in 2020.
  • Overall, captive insurers remain nimble and stable despite persistently low interest rates and the recent turbulence in equities.
  • For current Bests Credit Ratings and independent data on the captive and alternative risk transfer insurance market, please visit www.ambest.com/captive .

AM Best to Host Briefing on How Market Forces Are Driving Interest in Captive Insurance

Retrieved on: 
Tuesday, July 27, 2021
Insurance, Professional services, Finance, Money, Economy, Types of insurance, Captive insurance, Offshore finance, Insurance, Alternative risk transfer, AM Best, Analytics, Credit rating agency

A panel of AM Best analysts and industry leaders will discuss the state of the captive insurance market and the regulatory and risk issues affecting the captive sector at AM Bests Captive Market Briefing, which will take place on Aug. 4 at 2:00 p.m. (EDT).

Key Points: 
  • A panel of AM Best analysts and industry leaders will discuss the state of the captive insurance market and the regulatory and risk issues affecting the captive sector at AM Bests Captive Market Briefing, which will take place on Aug. 4 at 2:00 p.m. (EDT).
  • They also will discuss market trends affecting the sector, including the impacts from COVID-19 and hard market conditions in the commercial lines insurance sector on uses and formations, as well as opportunities to grow into new lines of business.
  • For current Bests Credit Ratings and independent data on the captive and alternative risk transfer insurance market, please visit www.ambest.com/captive .
  • AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry.

AM Best to Sponsor and Exhibit at Bermuda Captive Conference

Retrieved on: 
Wednesday, June 9, 2021
Insurance, Professional services, Offshore finance, Captive insurance, Insurance, Landforms, BERMUDA, Alternative risk transfer, Oceans, Captive, Islands

AM Best will sponsor and exhibit at the annual Bermuda Captive Conference, to be held June 14-15, 2021.

Key Points: 
  • AM Best will sponsor and exhibit at the annual Bermuda Captive Conference, to be held June 14-15, 2021.
  • AM Best is a longtime sponsor of the Bermuda Captive Conference and in 2021 is a bronze-level sponsor of the online event.
  • For more information about the Bermuda Captive Conferences virtual event, please visit the conference overview and agenda .
  • For current Bests Credit Ratings and independent data on the captive and alternative risk transfer insurance market, please visit www.ambest.com/captive .

Vesttoo Appoints Former State Street Bank and Credit Suisse Executive to Lead Growth of $1B Insurance-Linked Program

Retrieved on: 
Wednesday, May 26, 2021
Insurance, Securities lending, Short selling, Alternative risk transfer, Security, Schumaker, Financial market

Mr. Schumaker will lead Vesttoo's ILP Program, which offers asset managers and pension schemes the opportunity to earn long-term, sustainable alpha by pledging securities to support short and mid-term Life and P&C alternative risk transfer transactions.

Key Points: 
  • Mr. Schumaker will lead Vesttoo's ILP Program, which offers asset managers and pension schemes the opportunity to earn long-term, sustainable alpha by pledging securities to support short and mid-term Life and P&C alternative risk transfer transactions.
  • Mr. Schumaker has invaluable experience creating and growing highly profitable lines of business, including the Alternative Financing Solutions business at State Street Bank, as well as lucrative securities lending, financing and collateral reinvestment programs for Credit Suisse.
  • "We are very excited to have Mr. Schumaker on board, and are looking forward to scaling Vesttoo's Insurance-Linked Program with the help of his expertise.
  • Vesttoo specializes in data-driven risk management solutions for the P&C and L&P markets, using cutting-edge technologies to transfer general insurance, lapse, mortality and longevity risk to the capital markets.

Risk Strategies Acquires Specialty Insurance Solutions

Retrieved on: 
Tuesday, March 30, 2021
Finance, Money, Actuarial science, Articles, Insurance, Risk management, Reinsurance, Alternative risk transfer, Aon

BOSTON, March 30, 2021 (GLOBE NEWSWIRE) -- Risk Strategies , a leading national specialty insurance brokerage and risk management firm, today announced that it has acquired Specialty Insurance Solutions (SIS), expanding capabilities in its national student health practice.

Key Points: 
  • BOSTON, March 30, 2021 (GLOBE NEWSWIRE) -- Risk Strategies , a leading national specialty insurance brokerage and risk management firm, today announced that it has acquired Specialty Insurance Solutions (SIS), expanding capabilities in its national student health practice.
  • Given their specialty approach to risk management, joining the Risk Strategies family is a natural fit.
  • Risk Strategies is a specialty national insurance brokerage and risk management firm offering comprehensive risk management advice and insurance and reinsurance placement for property & casualty, employee benefits, and private client risks.
  • With 25 specialty practices, Risk Strategies serves commercial companies, nonprofits, public entities and individuals, and has access to all major insurance markets.