Featured News

Industry Growth Featured News

Group Captive Signs Point Toward Growth, Young Says

Brady Young, president and chief executive officer of captive management firm Strategic Risk Solutions, Inc. (SRS), writes that management of group captives does not show signs of decline. In fact, he says, there is still growth in group captives.
June 06, 2016 Read More
Culture Matters Featured News

Captive Insurance Company Culture and Values Matter

Culture and values matter in the captive insurance industry, believes Captive.com coeditor John Salisbury, whose experience as a captive insurance company chief executive officer supports this conclusion.
June 08, 2016 Read More
Insurance Apprentices

Captive Insurance Talent War

The captive insurance industry must become more proactive in attracting young people into its ranks to secure its future.
March 15, 2016 Read More
Corporate Governance Panel FN

Captive Corporate Governance—The Case for Independent Directors

Captive corporate governance, including the use of independent directors, was the subject of a World Captive Forum workshop.
February 04, 2016 Read More

Hot Topics

Insurance Risk Definition HT

"Insurance Risk" Defined by IRS

Internal Revenue Service ruling specifies types of coverage that do not qualify as insurance risk for determining tax-deductibility of premiums paid to a captive insurer.
March 07, 2016 Read More
Taxes HT

Captive Insurance Again on IRS List

The year may have changed, but the Internal Revenue Service (IRS) preoccupation with captives as potential abusive tax shelters remains the same.
February 25, 2016 Read More
Upward Swing HT

Captive Insurers' Use of Swing-Rated Reinsurance Contracts Focus of SCCIA Webinar

The use of swing-rated reinsurance contracts by captive insurance companies, including actuarial, accounting, and regulatory implications, was the focus of a March 3, 2016, webinar hosted by the South Carolina Captive Insurance Association (SCCIA).
March 04, 2016 Read More

Recent News

Captive Insurance Benefits for Large Deductible WC Programs Topic of Webinar

Laptop Computer Woman Webinar 
Artex is inviting interested Captive.com readers to attend a webinar during which a strategy will be discussed that has helped businesses with large deductible workers compensation programs reduce their loss volatility, strengthen their balance sheet, and qualify for a captive insurance program.
August 29, 2016 Read More

Ponder Your Captive Insurance Company's Investment Portfolio

Business Man Thinking 
While captive owners and managers pay particular attention to the liability side of the balance sheet (i.e., claims reserves), recent news articles got us thinking about the asset side as well.
August 26, 2016 Read More

Milliman Commentary on Captive Feasibility Studies and Emerging Risks

Company Rating 
Michael Meehan, a consultant at Milliman, Inc., is featured in an A.M. BestTV video that discusses captive feasibility studies and emerging risks. Meehan is asked by John Weber, the BestTV session moderator, what percentage of feasibility studies eventually turn into captives. Meehan indicates that percentage is high because captive managers have usually performed a prefeasibility study prior to contacting an actuary that demonstrates the feasibility. “Captive managers do a good job in evaluating clients" to determine whether it is feasible for them to have a captive, said Meehan.
August 25, 2016 Read More

Property-Casualty Reinsurer Survey Reports Increase in Net Premiums

A Reinsurance Association of America (RAA) survey of a group of 18 US property-casualty reinsurers reports a 10 percent increase in net premiums in the 6 months that ended June 30, 2016, when compared with the same period last year.
August 24, 2016 Read More

Arizona's Captive Midyear 2016 Count Increases

The Arizona Captive Insurance Division reports it has issued four new licenses as of June 30, 2016. This represents a net 3 percent growth in its captive count, which totals 113. The 2016 growth reverses the termination of 11 captive license in 2015, which, coupled with the issuance of 7 new captive licenses, resulted in a net loss of 4 in its captive count.
August 23, 2016 Read More

Captive Insurance 2015 Financial Results Compare Favorably to Commercial Market, A.M. Best Video Discusses

Company Rating 
A new A.M.BestTV episode discusses how the aggregate financial results of captive insurance companies rated by A.M. Best are better than the results for the U.S. commercial insurance sector.
August 22, 2016 Read More

Autonomous RRGs Will Be Focus of NRRA Conference in Chicago

The use of technology by risk retention groups (RRGs) and risk purchasing groups (RPGs) will be the theme of the 2016 National Risk Retention Association Conference, titled “Driving a Successful Future: Autonomous RRG.“ The conference is scheduled for September 27–29, 2016, at the Sofitel Water Tower Hotel in Chicago, Illinois.
August 19, 2016 Read More

A.M. Best Revises National Independent Truckers Insurance Company Outlook

The financial strength rating of B+ (Good) for National Independent Truckers Insurance Company, A RRG (NITIC) has been affirmed by A.M. Best, and the outlook has been revised from stable to positive.
August 19, 2016 Read More

Board Governance: A Cautionary Tale for Group Captives

Utah Flag 
A recent audit by the Office of the Utah State Auditor of a public entity pool located in the state provides a cautionary tale to group captives about the need for strong board governance. We recognize that there are differences in public entity pools and group captives, with the major one being that public entity pools are funded by taxpayer dollars. However, a number of the points raised within the audit concerning how the pool is governed are applicable to group captives as well.
August 18, 2016 Read More