A spate of disasters early this year, the ongoing oil spill in the Gulf of Mexico and predictions of an active hurricane season have reinsurers on edge.
After weathering the financial disaster and seeing a growing interest in captive formations, the alternative risk-transfer industry has hit new stumbling blocks that can triple the time it takes to set up a new facility.
Solid enterprise risk management was behind one firm's recovery from the financial downturn, while another long-established company is just allowing the concept to percolate within its operation, related two risk mangers
Because of the country's position as the leading captive domicile and one of the world's largest insurance markets, Aon said it has launched Global Risk Consulting Bermuda here, as part of Aon Insurance Managers (Bermuda) Ltd.
In the wake of the financial crisis, the captive industry is running into new stumbling blocks that can triple the time it takes to set up a captive, according to a captive manager here.
Companies that collect personal information need to develop plans in advance to guard against data theft so they can protect the company in case of a breach and communicate to those affected, according to a panel of experts.