Captive Insurance Company Reports (CICR) once again includes some meaty articles in the September issue with useful information about and suggestions for captive operations. It is also peppered with editorial comments on issues of importance to the captive insurance community.
Maria Sheffield, captive program manager for the Missouri Department of Insurance, has announced she has resigned to take a position in Nashville with Caterpillar Financial Services Corporation.
Excluding the performance of National Indemnity Co., net premiums written for the first half of 2015 increased 1.35 percent among the 18 US property/casualty reinsurers tracked by the Reinsurance Association of America (RAA).
A.M. BestTV has released a webinar video that focuses on areas of emerging risks being assumed by healthcare captives.
Imprise Financial PCC, Inc., is now licensed as Ohio’s first "protected cell" captive insurance company, the Ohio Department of Insurance has announced. Through its protected cells, Imprise Financial will allow businesses to insure some of their own commercial risks, realize greater control of their risk management programs, and achieve long-term financial stability.
The Summer 2015 edition of the Demotech Difference contains an article by Joseph Scheerer, founder, principal, and managing director of Stonybrook Capital, concerning the increasing access to capital for small insurance companies and risk retention groups (RRGs).
The Captive Insurance Companies Association (CICA) has just released an additional “Information Statement Regarding Micro-Captives” intended to supplement its two Captive Best Practices Guidelines.
Since the Federal Housing Finance Agency (FHFA) published a proposed rule in the Federal Register almost a year ago that would exclude captive insurers from membership in the Federal Home Loan Bank, it has received more than 1,300 comments, including those opposing the proposed definition of "insurance company."
The Delaware Department of Insurance, the Vermont Captive Insurance Association (VCIA), and the National Association of Insurance Commissioners (NAIC) are among a limited number of US organizations that submitted comments on the "Application Paper on the Regulation and Supervision of Captive Insurers” May 2015 draft developed by the International Association of Insurance Supervisors (IAIS).