Demotech, Inc., has affirmed in their July 2016 news release, "Demotech Affirms the Financial Stability Rating Assigned to Spirit Mountain Insurance Company RRG, Inc," that Spirit Mountain Insurance Company RRG (SMIC) has been assigned the Financial Stability Rating of A (Exceptional). The risk retention group (RRG) structure is not atypical. It is owned by the International Association of Community Service Organizations (IACSO) and is the sole policyholder. SMIC writes an IACSO master policy and issues certificates of insurance to its members.
The Montana Captive Insurance Association (MCIA) issued its "Montana Captive Domicile Report 2015" at its recent annual conference. As shown in the report, Montana's captive industry started 15 years ago and the state's captive insurer count is now 191.
The 35th anniversary of Vermont's enactment of captive insurance legislation will be a multiday event starting Tuesday, August 9, during the Vermont Captive Insurance Association (VCIA) Annual Conference.
Last week a group of Fortune 100 business leaders including Warren Buffett and Mary Barra released a list of "Commonsense Corporate Governance Principles."
How does one know whether his or her portfolio has been performing well compared to those of other investment managers? Alton Cogert, president and chief executive officer of Strategic Asset Alliance, recently posted a blog on the Strategic Asset Alliance website discussing the use of statistics to gauge the past risk adjusted performance of a portfolio versus its future performance.
Last week, A.M. Best upgraded the financial strength rating of Preferred Physicians Medical Risk Retention Group, Inc. (PPM), from A- to A.
The Cayman Island Monetary Authority (CIMA) announced yesterday that Mr. Ruwan Jayasekera has been confirmed to the post of Head of the Insurance Supervision Division at CIMA.
Resources are available to help owners of small and midsize businesses obtain the knowledge they need when considering whether to form a captive insurance company.