Featured News

Checklist Featured

Governance Standards Checklist for RRGs and Captives

Risk retention groups (RRGs) face some common sense but rigorous policy and governance standards that need to be incorporated in their plan of operation.
September 01, 2016 Read More
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

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

Golden Insurance Company RRG A.M. Best Rating Is Negative

Downward Trend 
The outlook for Golden Insurance Company, RRG, has been revised from stable to negative by A.M. Best, and its financial strength rating of B (Fair) has been affirmed. The revised outlook is worth the review of all in the risk retention group (RRG) community. The rating reflects issues that every RRG should be concerned about as they seek to maintain financial and operational sound companies.
October 25, 2016 Read More

What Is the Role of Your Corporate Governance Specialist?

The Housing Authority Insurance Group (HAIG) is looking to hire a corporate governance specialist. HAIG includes four insurance companies and eight other organizations that serve the public housing and nonprofit housing communities. Although your captive or corporate group may not be the size of HAIG, there is much to be gleaned from the HAIG job description that details the scope of corporate governance support needed in a group captive environment.
October 24, 2016 Read More

InsureTech Connect 2016 Meets To Discuss Future of Insurance

Most captives were probably unaware that InsureTech hosted its first annual conference October 5–6, 2016, in Las Vegas. The first InsureTech Connect 2016 conference had an estimated 1,500 attendees. From around the world, tech entrepreneurs, investors, and insurance executives met to discuss the impact of technology on the future of the insurance industry.
October 21, 2016 Read More

2016 CCIA Annual Symposium on Managing Risk in the New Economy

Connecticut Flag 
The Connecticut Captive Insurance Association (CCIA) had its fifth annual Symposium October 12–13 at the Sheraton Stamford Hotel in Stamford, Connecticut. The theme for this year’s event was “Managing Risk in the New Economy.” Some of the distinguished guests attending the conference included Katharine Wade, the insurance commissioner for the state of Connecticut, and Jonathan A. Harris, commissioner of the Connecticut Department of Consumer Protection.
October 20, 2016 Read More

Captive Insurers in Delaware Offered Guidance for Complying with 831(b), PATH Act

Delaware Flag 
The Delaware insurance commissioner has approved two "limited and streamlined" application procedures to make it easier for captive insurers to comply with the Protecting Americans from Tax Hikes (PATH) Act.
October 19, 2016 Read More

Embroker Offers Online Brokering for Captive Insurers and More

Businessmen and Computer 
The launching of online commercial lines services that enable businesses to manage, buy, analyze, compare, and store all of the insurance information in one place have become a reality. Visit the new Embroker website to see an example of this type of insurance tech initiative.
October 18, 2016 Read More

World Captive Forum To Take Place as Planned

The World Captive Forum will be held in Boca Raton as scheduled following the acquisition of "Business Insurance" magazine.
October 17, 2016 Read More

National Risk Retention Association 2016 Conference Ends as a Success

The National Risk Retention Association (NRRA) 2016 Conference was once again a success. By inspiring imagination and innovation, the conference's theme of "Autonomous RRG—A Virtual Company" challenged attendees to explore the role of combined digital technologies and their future use by risk retention groups (RRGs) to manage the risks of new technologies.
October 14, 2016 Read More

NRRA Advocacy for RRGs under the Liability Risk Retention Act

Court Ruling Gavel 
In 1986, Congress passed the Liability Risk Retention Act (LRRA). This Act allows homogeneous groups to form a risk retention group (RRG) in order to write liability insurance coverage. Its policyholders are the owners.
October 13, 2016 Read More