Captive data by domicile:

You asked and we delivered. With the generous sponsorship of Wilmington Trust for all captive.com developed domicile information, we are pleased to bring you statistical data for major US and offshore domiciles.

• Full year report: January 1 - December 31, 2010
  • High resolution pdf (5 meg file)
  • Standard resolution pdf (543 K file)
• Six month update, January 1 - June 30, 2010

Reservation of Rights Letters, Disclaimer Letters, Non-Waiver Agreements. This inaugural edition identifies the law in each of the 50 states to the extent it exists regarding the timing and content of reservation of rights letters, disclaimer letters, and non-waiver agreements.

In the past several years, the insurance industry has experienced an unprecedented number of claims in which individuals and entities alike have sought coverage for a wide variety of claims under a broad universe of insurance policies. This avalanche of claims places a significant burden on those insurance claim professionals responsibile for analyzing the claims, determining whether coverage should be afforded, and responding to the insured or purported insured in a timely and effective manner to protect the interests of the insurance company. It is imperative that claims professionals be aware of the requirements of the states in which they are working with regard to the timing and content of these notifications.

Copies of this publication are available in the Reference Library on www.munichreamerica.com.

Request for Proposal (RFP) for Actuarial Services, including captive feasibility studies -

Available from Milliman's website online or in MS Word format

This first issue supplies two useful checklists:

• The first checklist is suggested for a corporate secretary to follow in the organizational Board of Directors meeting of a Risk Retention Group or Captive.
• The second is an audit committee checklist where John opines that the items set forth there are also a good checklist for boards of directors of captives and RRGs, even when an audit committee is not required.

November 22, 2010: NAIC Fall 2010 National Meeting Summary

This summary was shared with captive.com by EWI Risk Services

The paper was prepared by Jennifer Burton, John Roberts and Larry Perdue, Insurance Services Group, and Tom McIntyre and Wanda LaPrath, Regulatory Insurance Services Practice in the Dixon Hughes Insurance Services Group.

EWI Risk Services

and

Dixon Hughes Insurance Services Group

Updates posted November 12, 2010: New standards for RRGs effective 1/1/11 – specifically, the Holding Company Act and the Reinsurance Standards.

• NAIC Risk Retention Group Task Force Update: Part A Accreditation Standards Summary Memo (Downloadable memo from NAIC website)
  
  
• Reinsurance Guidelines for Risk Retention Groups Licensed as Captive Insurers (Also downloadable from NAIC website)

November 2, 2010: Excel spreadsheet entitled, "Captive Insurance Solvency Standard - Worked Example and Calculation Template." This worksheet template reflects the second consultation version of the Solvency Standard For Captive Insurers Transacting Non-life Insurance Business. [Download now].

October 29, 2010 Review of the 2nd draft Solvency standard issued by the Reserve Bank for Captive Insurers

Twelve Helpful Tips on Selecting a Domicile