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.
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.
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.
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.
In 2016, 13 new captives were formed in Bermuda, bringing the total number of captives there to 776, according to the Bermuda Monetary Authority.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
Recognizing the need for talent, a grassroots collaboration of insurance industry organizations has launched the 2nd annual Insurance Careers Month.
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.