Industry News

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The Number of Captive Insurers in 2016

Strategic Risk Solutions (SRS) has estimated the number of captives licensed in Bermuda, Cayman, and 18 US domiciles at year-end 2016. The estimates, as presented at the SRS webinar, “2017—A Pivotal Year for the Captive Market,” are provided in this article.
February 17, 2017 Read More
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Texas Captive Count Climbs to 34 with Captive Law Changes Possible

The 4th annual Texas Captive Insurance Association (TxCIA) Conference was held February 15–16, 2017. TxCIA announced the number of licensed Texas captives has climbed to 34. Also, several significant legislative changes are being considered by the 2017 Texas Legislature.
February 17, 2017 Read More
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Debbie Lambert Is Our Captive Insurance Leader of the Month

Debbie Lambert shines in the spotlight as part of our ongoing captive insurance leader interviews. Ms. Lambert has been an influential member of the accounting profession, serving the captive insurance industry since its early days.
February 16, 2017 Read More
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Congress Looks to SIIA for ACA Reform Input

As Congress begins the effort to revamp the Affordable Care Act, it is seeking input from the Self-Insurance Institute of America (SIIA). SIIA has already participated in one hearing and expects to be involved in more.
February 16, 2017 Read More
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Bermuda Retains Global Captive Leadership

In 2016, 13 new captives were formed in Bermuda, bringing the total number of captives there to 776, according to the Bermuda Monetary Authority.
February 15, 2017 Read More
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Risk Retention Groups and Social Media

Some risk retention groups are using social media as a tool for marketing and communication. This article provides a look at how risk retention groups are using social media.
February 14, 2017 Read More
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Efficiency Is a Primary Benefit of Cell Structures, Says Panel at World Captive Forum

One of the primary benefits of cell captive arrangements, as opposed to forming a wholly-owned captive insurance company, is efficiency, according to a panel of experts at the World Captive Forum that was held at the end of January.
February 14, 2017 Read More
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Aon To Sell Benefits Administration Platform to Blackstone

Aon plc announced on Friday it has signed a definitive agreement to sell its benefits administration and HR BPO platform to Blackstone for cash consideration of $4.3 billion at closing and additional consideration of up to $500 million based on future performance. Aon also announced its 2016 results.
February 13, 2017 Read More
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Will the NAIC Insurance Data Security Model Law Apply to Captives?

The Insurance Data Security Model Law is being drafted to apply to traditional insurance companies, but there is some concern that, as drafted, the language would also be deemed to apply to captive insurers domiciled in the states that enact it. This article explains why.
February 10, 2017 Read More
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Bermuda Business Development Agency To Host Free Captive Educational Forums in Chicago and Boston

The Bermuda Business Development Agency is hosting Executive Forums on Bermuda Captive Insurance in the United States for the second year in a row. The aim is to educate C-suite financial executives, risk managers, and other top-level professionals on the financial and risk management benefits of captive insurance. The forums are scheduled for March 7, 2017, in Chicago and March 9, 2017, in Boston.
February 10, 2017 Read More
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Experts Make 2017 Prognostications in "Captive Insurance Company Reports"

The February issue of "Captive Insurance Company Reports" (CICR) features an update on the National Association of Insurance Commissioners' (NAIC) reaction to the covered agreement negotiated by US and European regulators, 2017 resolutions and thoughts about what captives could see in the year ahead, and a detailed summary of last November's biannual European Captive Forum.
February 09, 2017 Read More
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An Overview of the 2017 CICA Conference Agenda

The upcoming CICA Conference will suggest strategies for defying disruption in the captive operating environment. Get a comprehensive overview of the full agenda from this article.
February 09, 2017 Read More
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Safety National Adds New Captive Services to Product Offerings

Safety National Casualty Corporation has added captive services to its suite of product offerings. This all-new captive services offering promises flexibility, tailored services, and a wide range of coverage options.
February 08, 2017 Read More
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Captive Panel Discussion To Be Held at the IRMI Energy Risk & Insurance Conference

A panel of experienced risk managers and a captive manager will engage in a fast-paced and lively discussion of the use of captives in the energy industry today at the upcoming IRMI Energy Risk & Insurance Conference.
February 07, 2017 Read More
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Tennessee 2016 Captive Growth and 2017 Proposed Legislation

Tennessee experienced 24-percent growth in the number of risk-bearing entities in 2016, and new captive legislation has been proposed for 2017. This article reviews both.
February 07, 2017 Read More
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New York Cyber-Security Regulation Update: RRG Exemption

On December 28, 2016, the New York State Department of Financial Services issued a revised set of proposed cyber-security regulations that provides an exemption for certain risk retention groups.
February 06, 2017 Read More
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Cells and Series Captives Growth Update

There has been more than 16 percent growth in cell and series captives in the eight domiciles served by Strategic Risk Solutions. This article reviews the numbers in the domiciles.
February 06, 2017 Read More
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Law Firms Sutherland and Eversheds Combine

Law firms Sutherland and Eversheds have combined to form Eversheds Sutherland with captive expert P. Bruce Wright remaining as partner. Learn more about the new firm in this article.
February 06, 2017 Read More
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2nd Annual Insurance Careers Month

Recognizing the need for talent, a grassroots collaboration of insurance industry organizations has launched the 2nd annual Insurance Careers Month.
February 03, 2017 Read More
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North Carolina Domicile’s Captive Insurance Company Program

North Carolina has reported more than 50-percent growth in the number of captives during 2016 from new formations as well as existing captives redomesticating to the state.
February 02, 2017 Read More