Captive insurance and alternative risk transfer information

Captive insurance news, information, and resources needed by captives, corporations or groups considering a captive, risk retention groups, self-insured entities, captive programs, cell or rental structures - any alternative risk transfer (ART) facility. Find captive industry data, legislative and regulatory info for US and non-US domiciles, associations, captive conferences, ART industry career opportunities and more. Unbiased. Since 1995.

 

Search
Captive.Com
Associations
Business Center
Captive Yellow Pages
Captive | ART Programs
Group & Rental Captives
Member Product Showcases
Ask the Captive Expert
Ask the Expert FAQ
Captive Basics
Captive Daily Wire™ News
Learning Center
Legislative & Regulatory
Shop captive.com Store
Templates and Tools

NewsStand: Articles, Glossaries, Newsletters
Captive Director Listings
Career Opportunities
Conference Calendar
Domicile Information/Links
Website FAQ
 
A.M. Best Captive Insurance  Ratings
A.M. Best Ratings

Sponsorship Info
Captive.com, llc
Register for Publications

Contact Us:
sales@captive.com
support@captive.com
(603) 545-4417
11 Colonial Court
Cheshire, CT 06410

 

CICA Conference Bermuda Captive Conference

What's New in the Captive Insurance Industry?

Captive Daily Wire

Captive Daily Wire -- The captive insurance industry's premier news feed powered by LexisNexis™. Subscribe or un-subscribe for e-mail delivery each afternoon or read online at captive.com

 

4/16 April 2014 Risk Retention Reporter Headlines

One of the Risk Retention Reporter lead articles, “RRG Premium Flat in 2013”, indicates the premium for 2013 was $2,632.6M compared with $2628.8M in 2012. Among other articles are: “RRGs that Reinsure Include Many Top Performing Groups”, “Transportation Sector Reports Record Premium in 2013” and “Continued Controversies Plague IICRRG (indemnity Insurance Corporation) Rehabilitation Process”. A subscription the Risk Retention Reporter can be ordered here through captive.com.
4/15 DOL Employee Benefit Ruling a Landmark Ruling

Spring Group has announced that Intel Corporation’s Hawaii based captive, Technology Assurance Limited (TAL), has received approval from the Department of Labor to fund their employee benefits in their captive. Karen Landry led the team effort at the Spring Consulting Group. She believes “This case is a landmark ruling that is sure to be cited in the future as other employers look to create new fast track processes and to have Spring play a role in it is very exciting.” Intel will be reinsuring their life and accidental death and dismemberment coverage through their captive. Funding employee benefit risks is a financial strategy that is being increasingly pursued by businesses through their captives. Read a copy of the DOL ruling filed in the Federal Register here. The link to the Spring Consulting Group website http://www.springgroup.com
4/15 Innovative Progression of Hospital RRG Described

The April issue of Risk & Insurance describes the development and subsequent progress of Cassett Retention Group, Inc. which is domiciled in Vermont. The RRG has five shareholders, nine hospitals and more than 1,200 insureds. The President and Chief Executive Officer Eric Dethlefs outlines the evolution an offshore class-2 insurer in 1999, an RRG in 1997, a RRG holding company in 2006, a patient safety organization in 2012 and an segregated cell captive in 2013. Read the full article here.
4/14 Bipartisan Agreement on Terrorism Risk Insurance Act (TRIA) Reached in Senate

A press release issued by U.S. Senator Charles Schumer indicates that a bipartisan group of Senators has reached an agreement on legislation that will authorize and extend the TRIA program for 7 years. The proposed legislation would increase insurers' copay after the deductible to 20% from 15%, with the government still covering 80% of each insurer's additional losses, with the increase being phased in incrementally over five years. The recoupment provisions of the program would also change. The TRIA program currently imposes mandatory policy surcharges that require recoupment of federal payments made under the program. The proposed legislation would raise the mandatory recoupment threshold to $37.5 billion. When the insurance industry's aggregate uncompensated losses are below $37.5 billion the Federal Government will be required to recoup from insurers its TRIA payments outlaid to insurers. Read the full text of the U.S. Senator Schumer’s press release here.
4/11 Why Would A Charity Have A Captive?

But with no tax drivers, and no shareholders demanding increased prof its, or demonstrations of risk governance, why would a charity have a captive? Read the full blog of Kathrine Outhwaite, a Captive Consultant with Willis Global Captive Practice International in London.
4/11 Texas Accepting Captive Applications Under 2013 Act

Texas-based companies previously wanting to insure their risks through a captive previously had no option but to form a captive in another jurisdiction. Under statutory revisions enacted in mid-2013 and rules promulgated by the Texas Department of Insurance, applications are now being accepted from insurance companies domiciled in other jurisdictions that would like to relocate. The Texas statute requires that parent companies have significant operations in Texas in order to form a captive here. Texas-based captives can only insure operational risks of affiliated companies and controlled unaffiliated business; Texas legislation prohibits captives from accepting insurance policy risks of an insurance affiliate.
4/10 Catalina to Purchase Sparta

Catalina Holdings Ltd (Bermuda) will acquire Sparta Insurance Holdings, Inc. subject to regulatory approval. The transaction is expected to close in the third quarter of 2014. Catalina CEO Chris Fagan has indicated it will add significantly its operations in northeastern U.S. The Sparta’s press release indicates…”The alternative market customers and program administrators will be offered an opportunity to transfer, along with some of the senior leadership team from Sparta, to Arch Insurance Company. We are committed to working with Catalina to assure a smooth completion of this transaction for all parties." Read the full press release here.
 

 

"What's New" Page 2 sponsored by Zurich in North America

 


 

Contact Us:
sales@captive.com | support@captive.com | (603) 545-4417 | 11 Colonial Court - Cheshire, CT 06410

Copyright 2014 Captive.com All Rights Reserved

 

top of page

Featured Sponsors

Elevate Captives AMS Group Offshore captive info
Atlas Captive Insurance Management Website Alta Holdings captive info
Spring Group Saslow, Lufkin & Buggy
London & Capital Captive Insurance Brief
South Carolina captive insurance Delaware Captive Insurance Association
Milliman Captive Insurance Website Zurich Captives
Comerica Bank captive banking services website