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Captive Insurance Domicile News from Qatar: Kane awarded first insurance management licence to establish captives in the QFC.

"Kane, a leading provider of specialist risk and insurance management services, has today announced that it has received an authorisation from the Qatar Financial Centre Regulatory Authority (QFCRA) to establish an insurance management company in the Qatar Financial Centre (QFC)..." [More]

Who's already registered for SCCIA's 11th Annual Executive Educational Conference, coming up on September 13th? Did you know that the state's gubernatorial candidates are scheduled to speak at this event? And were you aware that SPFC's will be highlighted this year?

Download the latest attendee list, then visit the SCCIA website to learn more about this event and to register! We look forward to seeing many of you in Charleston in a couple of weeks.

Captive insurance industry news: GossRe Hires Alexander J. Fox as Senior Broker and Vice President.

"Goss Reinsurance Brokers, Inc., the reinsurance brokerage division of U. S. Risk Insurance Group, Inc. is pleased to announce that Alexander (Alex) J. Fox has joined Goss Re as Senior Broker and Vice President. Alex will work closely with Chris Turner, Executive Vice President of Goss Re, and Bill Hodson, Senior Vice President to provide highly focused, personalized reinsurance program solutions specialty insurance carriers, captives, Risk Retention Groups and other specialty insurance operations..." [More]

Captive insurance industry news: ONPOINT UNDERWRITING APPOINTS INDUSTRY SPECIALIST TED NOLAN AS NEW MANAGING DIRECTOR.

"OnPoint Underwriting, a leading managing general agency serving commercial clients, today announced the appointment of industry specialist Ted Nolan as its Managing Director. Nolan specializes in providing operational strategy while focusing on relationship management to deliver specific needs-based programs to specialized markets...." [More]

Breaking News from New Zealand: The Insurance (Prudential Supervision) Bill is now law.

Follow this link to an important letter on this topic from Richard Dean, Manager, Insurance Policy, Reserve Bank of New Zealand. Captive.com is grateful to Peter Lowe, hailing from the New Zealand Captive Insurance Association (NzCIA) and Willis, for passing this information on to us.

Domicile News: VERMONT SURPASSES 900 LICENSE MARK FOR CAPTIVES. Captive Insurance Formations Continue at Brisk Pace.

"The State of Vermont has issued its 900th captive insurance company license to Lincoln Financial Group, according to the Vermont Department of Banking, Insurance, Securities and Health Care Administration (BISHCA)..." [More]

Domicile News: Islamic-compliant Guernsey PCC is launched.

"Investment manager Argyll Investment Services Limited has launched the World Shariah Funds PCC Limited, a Guernsey-based suite of Islamic-compliant investments which will be listed on the Channel Islands Stock Exchange (CISX) and distributed globally..." [More]

SCCIA is pleased to annoounce that the candidates for South Carolina governor are confirmed to speak at the association's upcoming Annual Conference, scheduled for September 13-15, 2010 in Charleston. [More]

Use this link to learn what else will be happening at this conference, and register today. To register by phone, simply call 888-267-2296.

Written for both experienced and new insurance professionals, this book provides a comprehensive overview of how the claims process is handled, controlled, and managed, and its interrelationship with other functional departments.

The book is priced competitively at $54, including shipping to most US states. Sales tax and shipping charges outside the continental US will be added as needed. Learn more about this title and many more from the IRMI page at captive.com, then order from this fine publisher on our secure server.

Member News: Spring Consulting Group Receives First Patent for Captive Funding of Employee and Retiree Benefits.

"On July 20, 2010, the U.S. Patent and Trademark Office granted U.S. Patent No. 7,761,352 entitled 'Program for Alternative Funding of Employee and Retiree Benefits' to Spring Consulting Group, LLC. The patent relates to a system and method for configuring, optimizing, managing and tracking alternative funding of employee and retiree benefits and benefit plans. Spring is the first company to develop the patented technology enabling alternative funding of employee and retiree benefits..." [Download full article]

Captive.com sends its hartiest congratulations to all at Spring Consulting Group on this tremendous news.

Member News: Atlas Adds Staff for US Operations.

"Atlas Insurance Management, a leading captive insurance management and consulting firm, today announced the appointment of James P. Chick, Jr. as Senior Account Manager for Atlas Management, LLC, the firm’s affiliate for United States Operations based in Charlotte, North Carolina..." [More]

Stowe Mountain Lodge for VCIA 2012? A group of exhibitors just enjoyed a tour, and all I say say is AMAZING! A decision on the 2012 venue will be made this fall, but I must admit I'm pretty excited about the possibilities, especially if my booth is at the base of the alpine slide!

VCIA reports that the total number of attendees for the 2010 conference exceeded last year's numbers. The interest in captives is intriguing, and new captive formations continue despite challenges in capitalization, a continuing soft market, and regulatory uncertainty. As we have seen over the last year or so, new uses for new and existing captives dominate the industry.

Member News: David Sykes to join Strategic Risk Solutions.

"Strategic Risk Solutions (SRS), a provider of captive management and consulting services announced today that David Sykes is joining the company. Mr. Sykes will be joining SRS from IAS Marsh, where he was Senior Vice President..." [More]

Highlights for the August issue of the Captive Insurance Company Reports are available today on the Captive Headlines and the IRMI index page in the News/Library.

This fine issue begins with an update on protected cell captives. Written by Callum Beaton, "The Protected Cell Company---The Teenage Years" provides a brief background to the beginnings of PCCs, including why the regulation was created. We then discuss what a PPC offers, from the perspectives of cell owners, the promoters, and the owner operators. Beaton finishes with some comments on what might happen as PCCs move from adolescence into adulthood.

What else is in this issue? View the full summary of what's in this issue on the IRMI publications page in the captive.com store. From that page, you will find a sample issue of CICR to browse, and we make it easy for you to order this mission-critical publication from IRMI on captive.com's secure server. Order CICR direct from IRMI on captive.com's secure server!

A.M. Best Special Report: A.M. Best Special Report: Captives Doubled Profit in 2009 As Investments Rebounded

"Net income doubled in 2009 over 2008 for a composite of 195 U.S. captive insurers followed by A.M. Best Co., driven by the recovery of the industry's investments.." [More]

SCCIA tells us that nearly 50 people have already signed up to participate in its annual conference golf tournament scheduled for September 13, 2010 at RiverTowne Country Club. If you have not already signed up for the tournament and want to play, then please do so by this Friday, August 13 so that the foursomes can be finalized.

There are also a few tournament sponsorship opportunities available but you must reserve them this week. This is a great opportunity to enhance your company's profile at this popular event. SCCIA thanks Johnson Lambert for its support as the tournament's Ace sponsor this year.

For detailed tournament information and registration forms, please click SCCIA is pleased to announce that nearly 50 people have already signed up to participate in its annual conference golf tournament scheduled for September 13, 2010 at RiverTowne Country Club. If you have not already signed up for the tournament and want to play, then please do so by this Friday, August 13 so that the foursomes can be finalized.

There are also a few tournament sponsorship opportunities available but you must reserve them this week. This is a great opportunity to enhance your company's profile at this popular event. SCCIA thanks Johnson Lambert for its support as the tournament's Ace sponsor this year.

For detailed tournament information and registration forms, please click here. Please note that only conference registrants can play in the tournament.

We look forward to seeing you on the course!

Nevada has just posted its annual conference as well as a seminar on the Conference Calendar. The Conference is scheduled for September 26-28 at the Aria Resort & Casino.

You will also find a posting for a concurrent September 26th seminar entitled, "Best Practices Syposium for Captive Officers and Directors." Captive.com is passionate about this particular topic, as many of you have noticed by our offerings at CaptiveLearning.com. We trust this seminar will be well-attended.

Association / Legislative News: SIIA Submits Official Comments to Federal Agencies Regarding the Proposed Rule on Grandfathered Health Plans.

"SIIA was one of a select group of industry organizations who submitted official comments to the Federal agencies responsible for drafting and ultimately implementing regulations dealing with grandfathered health plans. The issued interim rule dealt with allowable modifications plans may make that will not jeopardize its status as a grandfathered health plan..." [To full story]

Domicile News: ALARYS BERMUDA RISK MANAGEMENT EVENT ENHANCED BY IFRIMA

"The ALARYS Bermuda Committee is pleased to announce that the October 11-13 ALARYS meetings in Bermuda (www.alarysbermuda.com) have been declared the International Federation of Risk and Insurance Management Associations (IFRIMA) Designated Conference..." [To full story]