Sunland Risk Retention Group, Inc., has recently earned a Demotech, Inc., Financial Stability Rating (FSR) of A, Exceptional.
There is still time to sign up for the 2016 Symposium on Captive Insurance in Connecticut, to be held October 12–13 at the Sheraton Stamford Hotel in Stamford, Connecticut. The Symposium, hosted by the Connecticut Captive Insurance Association (CCIA), is themed "Managing Risk in the New Economy."
What is next for the 55 employers that provided workers compensation coverage under the Oklahoma opt-out statute that has since been declared unconstitutional in a 7–2 decision of the Oklahoma Supreme Court?
Dan Labrie, who recently retired as president and chief executive officer (CEO) of the Housing Authority Insurance Group (HAI Group), has joined the editorial team of Captive.com and "Captive Wire."
According to Demotech's Douglas Powell, the bottom line for risk retention groups (RRGs) at the conclusion of the second quarter of 2016 is "that these specialty insurers continue to exhibit financial stability."
In the Captive Wire newsletters from September 16, 2016, we reported on the recent meeting sponsored by the Bermuda Business Development Agency, which took place between the Bermuda Monetary Authority and 10 reinsurers in Bermuda and was facilitated by the technology consortium R3 Technologies. The meeting brought together technology, underwriting, and regulatory experts to explore ways that revolutionary distributed ledgers, based on blockchain technology, could fundamentally change their business and give Bermuda a leading role in a rapidly-evolving digital economy.
A new Captive.com feature that presents the history of key developments in captive insurance as a dynamic timeline brings back memories as well as serves as an educational tool.
Captive Insurance Companies Association (CICA) has scheduled a webinar, titled "Brexit and the Impact on the Captive Industry," to be held at noon (CDT) (1:00 p.m. ET) October 20, 2016.
The A.M. Best Rating of Community Hospital Alternative for Risk Transfer (CHART) Risk Retention Group (RRG) has been upgraded to A- (Excellent) by A.M. Best.