Marsh Captive Solutions sees “unprecedented” growth

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What’s the driving force behind that growth? The hard insurance market.

“In a challenging market, the capacity is not there, insurance premiums are going up, and there’s pressure from your stakeholders (maybe your treasurer, your CFO, your CEO) looking at all lines of coverage, trying to drive out costs in every single way they can, and looking under every single rock for savings,” said Michael Serricchio, Americas sales and advisory leader, Marsh Captive Solutions.

Captives are a natural solution to many of the challenges caused by a hard insurance market. They enable organisations to control their costs and improve their

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Great Eastern sharpens focus on data analytics

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“Over the last 18 months, we’ve built up a significant number of dashboards and their usage is quite high,” Ryan Cheong, managing director of digital for business at Great Eastern, told Computer Weekly.

According to Cheong, the company took a decentralised approach, in order to encourage more employees to incorporate data into their jobs. The centre is working on improving the company’s capabilities in data science, data governance and data engineering. The latter is especially important, as Great Eastern believes this is where it lacks the most, Cheong said.

The centre used to be under Cheong’s office, but now, the

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Howden Specialty introduces new divisional director for sustainable energy practice

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As divisional director, Hegebach will be based in São Paulo, Brazil and will report to Howden Specialty head of sustainable energy Deborah Duss. He will work closely with the sustainable energy team across the company’s hubs in London, Miami, Singapore, Dubai, Bermuda and Luxembourg.

Most recently, Hegelbach served as divisional director of Willis’s financial solutions team. Prior to that, he worked as an energy underwriter for Swiss Re with a focus on power and utilities, oil and gas, and mining risks. Hegelbach has also held positions at Credit Suisse, Siemens, and the Advisory House.

“Being able to offer our sustainable

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Insurance agent confesses to defrauding primary school friend

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The accused had worked as a financial services consultant and insurance agent for AIA Singapore for around 11 years before the fraud occurred in 2018.

Sng, who knew the victim since primary school, contacted her in March 2018 and told her about an insurance policy that was available for “absolute assignment”, where the policy would be bought from an existing policyholder.

The court heard that the victim had a “trusted relationship” with Sng, having bought several insurance policies from Sng, including policies for her mother.

The victim paid SG$24,900 to Sng by transferring it to his bank account, after being

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