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"What's New" Page 2

4/22 Atlas Captives has just revised and updated their website. Follow this link to learn how the Atlas approach can assist you in a number of domiciles. The website also features extensive domicile information, as well as a library of articles.
4/22 Association Press Release: SCCIA Launches Advertising Campaign Promoting South Carolina Domicile.
4/17 Association Press Release: NRRA APPLAUDS INTRODUCTION OF H.R. 5792.
4/17 The New Zealand Captive Insurance Association (NzCIA) just shared an excellent article entitled White Paper on Captive Insurance Companies. This report was prepared for the Reserve Bank of New Zealand. We think it is a good Captive Basics white paper, and contains helpful information on New Zealand as a domicile as well. We have placed links to the white paper on the Learning Center page, the Domicile Showcases page, and the Index of Articles by Captive.com friends in the News/Library.
4/17 Legislation Press Release: SIIA Supports ‘Insurance Options’ Bill in Congressional Hearing. Lawrence Mirel Testifies in Support of Three Major Elements of Bill on Behalf of Association.
4/17 Captive Ratings Press Release: A.M. Best Assigns Ratings to Indemnity Insurance of DC Group and Its Members.
4/15 Association Press Release: SIIA Supports New Legislation to Modernize Federal Liability Risk Retention Act.
4/15 A new posting was just received on the Candidates Available page in the Captive Industry Careers area of the website. See posting entitled Alternative Market Program Specialist. The candidate is looking for opportunities in the southern California area.
4/15

Wilmington Trust has just updated a popular White Paper entitled "Captive Insurance Companies - What to Consider When Establishing and Operating Captives" by Patrick Theriault. This is an outstanding "Captives 101" white paper that we know you will appreciate, newly-updated to reflect recent changes in the industry.

Because this article is so helpful, we maintain links to it in numerous areas of the website: Captive Basics, the Learning Center (see section near the bottom of the page featuring White Papers), and the News/Library Index of Articles by captive.com members.

4/15 This month's featured offshore Domicile Showcase is Bermuda. We also call to your attention a changed "Fast Link" to the Bermuda Insurance Legislation. Our thanks to Wilmington Trust for generously sponsoring this maintenance-intensive page for our industry.
4/15 Domicile Press Release: BERMUDA INSURANCE MARKET UNDERWRITING RESULTS CONTINUE UPWARD TREND. Latest available statistics show continued increase in premiums, growth in capital base.
4/14 From the Newsletters page in the News/Library, you can now link to the March 2008 edition of the Arizona Captive Quarterly newsletter to view the Latest News from the Arizona Department of Insurance. In this issue, you'll learn how the dust is settling in the aftermath of Rod Morris' departure. You'll also like the President's Newsletter, penned by Ann Wick. In her report, Ann tells us that the upcoming conference promises to be the best one yet!
4/10 Member Press Release: Belmont Risk Solutions launches new Caribbean catastrophe protection product.
4/10 Member Press Release: BEECHER CARLSON’S EXECUTIVE LIABILITY PRACTICE BECOMES FIRST BROKERAGE TO LAUNCH ISS-ACCREDITED AND CUSTOMIZED BOARD TRAINING PROGRAM.
4/10

The April Risk Retention Reporter headlines are now available from the Captive Headlines section of the News/Library. This month's lead article is entitled, Draft Bill on LRRA Expansion Presented to Bi- Partisan Supporters.

The issue also features an article by this month's RRG CEO of the Month, Danny Carlisle of American Feed RRG entitled Unusual Journey from Open-Wheel Race Cars to Insurance CEO. This issue also features an article entitled Are Risk Retention Group Boards Prepared for the New Corporate Governance Standards?, by Glenn D. Saslow, Saslow Lufkin & Buggy, and Dan Labrie, Housing Authority Insurance Group. This sounds like an outstanding issue indeed!

Following the RRR Headlines, you will find a sample issue to browse. If you currently operate an RRG, or have an interest in RRGs, the Risk Retention Reporter is a mission-critical publication. Order this and all RRR publications directly from our secure server in the Captive.com store.

4/8 The Positions Available page in the Captive Industry Careers section of captive.com just received a posting for an Account Representative career opportunity. Check it out today!
4/8 Information on the June 16-19 Bermuda Captive Conference is now available from the Conference Calendar page.
4/8

Captive Press Release: IRMI GLOSSARY OF INSURANCE AND RISK MANAGEMENT TERMS AVAILABLE ONLINE AT NO CHARGE.

This nifty resource is yet another in a rich listing of glossaries we have available from the captive.com News/Library page (see Glossaries). We will also maintain a link to it on the Captive Basics page.

4/7 Another featured captive conference is now accessible from the buttons at the top of this column. This year's Bermuda Captive Conference will take place from June 16-19 at the Fairmont Southampton Princess. Click the button above to explore the conference website, and register today while Early Bird discounts are still in place.
4/7 Captive Press Release: Willis’ International Captive Practice Announces Senior Management Promotions.
4/4 Domicile Press Release: Jill Husbands Appointed Chairman of Bermuda IDC Conferences Subcommittee.
4/3 Captive press release: NBIS Transfers Captive Management Operations to Camelback.
4/2 The Positions Available page in the Captive Industry Careers section of captive.com continues to be a busy place. Another captive career opportunity was just posted today by Discover-Re. See posting entitled Account Executive/Underwriter for more information and application instructions.
4/2

The inaugural Spring View Newsletter, published by Spring Consulting Group, LLC. is now available for download from the Newsletters page in the captive.com News/Library. This is an information-rich resource, offering helpful articles on issues impacting your business. The 1st Quarter 2008 issue's lead story is entitled, "DISABILITY MGMT: WEEDING THROUGH THE OPTIONS." In this issue you'll also find IRS regulatory news, health insurance solutions for association and industry group members, a "Captive Corner" and much more!

Also on the Newsletters page, we just posted the link to the latest BSX Shorts newsletter, bringing you up to date on what's happening on the Bermuda Stock Exchange.

4/1 One of our most popular internal websites, Milliman, has just been updated with the latest edition of their popular newsletter, P&C Perspectives. This month's lead article is entitled, "Internal Revenue Service: 2007 Election to use company payment patterns to discount loss reserves." Download this newsletter and more from the Article Index Page of the Milliman website, accessible from their Highlights menu on the right side of the page.
4/1 Cedar Consulting has just launched an excellent learning/networking resource, aptly named the Cedar Consulting Weblog. The blog's telling tag line is Ibi est Vox in Sermo -- In conversation there is power. This very helpful educational resource is available from the Cedar Consulting Data Sheet and the captive.com Learning Center.
4/1 Domicile Press Release: Isle of Man is captive domicile of choice for Vaultex UK Limited. Fast track incorporation follows strong Island collaboration.
4/1 Association Press Release: SIIA Asks DOL to Ensure Level Playing Field for Self-Insurance In New Regulation Addressing Health Plan Fee Disclosures.
3/31

It's time to start planning for the 2008 VCIA Annual Conference -- the captive industry's biggest conference event.

The conference website is up and running, and the button just posted above will take you there with one click!

3/31 Another captive industry career opportunity was posted over the weekend by the Tower Group. See their Vermont-based opportunity "Account Manager" on the Positions Available page in the Captive Industry Careers section of captive.com.
3/27 Captive insurance professionals looking to make a career change, the Positions Available page in the Captive Industry Careers section of captive.com continues to be busy. SPARTA Insurance is growing rapidly, and has just posted 3 intriguing career opportunities -- Loss Control Manager, Marketing Officer, and Senior Multi-Line Underwriter. Learn about these positions now.
3/26 Regulatory/Legal Press Release: SIIA Announces RRG Legal Defense Initiative.
3/25 Domicile Press Release: Arizona Department of Insurance Continues Responsive Operations.
3/25

Please join us in welcoming yet another new captive.com Silver Member, Specialty Risk Services (SRS). This fine organization has "...mastered the art of third party claims administration." The company prides itself on providing flexible and creative programs for newly formed or existing heterogeneous and homogenous Captives.

Find links to SRS in the Business Members pull-down menu in our main navigation bar , the Links to Member Websites page, or for a quick contact name and phone number, find SRS in the Claims Management, Loss Prevention/Control and Risk Management sections of the Captive Yellow Pages. Mike Cirillo is at the ready, awaiting your call.

3/25 Time Sensitive: Have you registered for the USA Risk Group annual conference, Troubled Waters Ahead or Opportunity on the Horizon? Early Bird registration for this May 28-29 event in Las Vegas expires on April 1st, so don't delay. Visit www.usarisk.com/conference or the Conference Calendar for more information and registration. Please also note that the hotel reservation deadline is April 27, 2008.
3/24 Domicile Press Release: MCIA Announces Release of 2007 Montana Domicile Report.
3/24 Captive Ratings Press Release: A.M. Best Assigns Rating to Risk Reinsurance Limited (This story also covered in today's edition of Captive Daily Wire
3/20

The partners at captive.com are delighted to welcome our newest Silver member, SPARTA Insurance. SPARTA is an acronym for Specialty Program and Risk Transfer Alternatives. Formed in 2007, SPARTA provides a dedicated, long-term commitment to the specialty and alternative risk program marketplace. Unbundled program structures are available on an admitted basis for commercial auto, general liability, property, and workers compensation. Targeted classes include retail, wholesale, service, light manufacturing, habitation, hospitality, trade contractors, and transportation.

Links to the SPARTA website may be found in the Business Members pull-down menu in our main navigation bar , the Links to Member Websites page, or for a quick contact name and phone number, find SPARTA in the Program Business, Fronting, and Group and Rental Captives sections of the Captive Yellow Pages. An old friend to many of us, Brian First, is looking forward to your call!

This is a new, innovative company, and we anticipate hearing lots more about them in the future.

3/20 Save the date for the VCIA 2008 Annual Conference scheduled for August 12-14. A preliminary posting is now available on the Conference Calendar.
3/14 Captive Press Release: Seamus Tivnan to Join Strategic Risk Solutions. Our congratulations and best wishes to SRS and Seamus!
3/13 The Hawaii Captive Insurance Council (HCIC) is accepting session submissions for their upcoming Forum scheduled for October 20-22. Visit the HCIC website for the link to the nifty fillable pdf form and submit your session now!
3/13

"What is a Reinsurance Captive and how is it used?" This question came in to our Ask the Expert forum this week. It has been asked before, so we decided to share the answer with our readers on the Ask the Expert FAQ page, available from the Captive Resource Center on our main navigation bar .

Follow this link to find the answer to this question and many more!

3/11 Discussion of the Auto Dealers RRG litigation from Muldoon Murphy & Aguggia LLP, counsel for the RRG, and directly involved in the litigation. Download California Department of Insurance Prohibited from Enforcing Cease and Desist Order Against Auto Dealers RRG. Captive.com wishes to thank our friends at Muldoon Murphy & Aguggia for sharing this important data. The link to this article will be found on the News/Library Article Index page and from the menu of recent Press Releases in the News/Library..
3/11 Member Press Release: BEECHER CARLSON EXPANDS NATIONAL CONSTRUCTION AND REAL ESTATE PRACTICE IN SAN FRANCISCO WITH APPOINTMENT OF INDUSTRY VETERAN -- Toni Johnson Deepens Beecher Carlson’s Construction and Affordable Housing Expertise in the Western Region. [includes photo]
3/11

Association News announced at the 2008 CICA Conference:

  • March 7: International Insurance Association Names New Officers [includes photo].
  • March 7: CICA Releases Results of 2008 Captive Survey on Fronting, Reinsurance and Employee Benefits.
3/10 Captive Ratings Press Release: A.M. Best Assigns Ratings to Tall Pines Insurance Company.
3/7 Breaking Captive News: Risk Retention Group Wins Right to Operate in California Under Federal Law. SIIA hails judgment by California federal court.
3/6 Association Press Release: Self-Insurance/ART Industry Lobbied Congress During Annual “Walk on Capitol Hill” Today.
3/6 Milliman has just posted its latest Benefits Perspectives Newsletter to their captive website. Use the Highlights menu on the right side of the page to download this helpful newsletter. The lead article is entitled, "Easing Into LDI (Liability-Driven Investing): Segment Matching and Surplus Management." Also included in this issue are articles on health benefits and international pension accounting. Follow this link to the Milliman page now!
3/6 Physician's Reciprocal has just shared a fine success story with us, and The Rough Notes Company has given us their kind permission to reprint. Visit the Physician's Reciprocal page in the Group & Rental Captives area of captive.com or the News/Library Articles Index for the link to: 25 Years of Stability in Medical Malpractice. Physicians Reciprocal Exchange stresses risk control for doctors & hospitals; adds captive by Michael J. Moody MBA, ARM, with lots of input from Jeanne Braun, Executive Vice President, Hospitals and Special Programs.
3/4 More Captive Domicile News: Regulator Named to Head State’s Captive Insurance Division in Vermont. Dave Provost to Become New Deputy Commissioner. [Revised to include photo and updated contact information]
3/1

Three events were posted on the Conference Calendar this week. See the following dates for more information:

  • April 1-2: 4th Annual and Canada's only CAPTIVE INSURANCE STRATEGIES SUMMIT
  • April 11: The Friendly Society Restored Networking Breakfast
  • April 11: The NAIC, Accreditation and the ARTS industry
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