Captive Insurance Industry and Alternative Risk Transfer Market News



Whats Your Story-SF

What Is Your Captive's Story?

With a very low unemployment rate, the need to compete for talent is imperative for captive insurers. We look at how a compelling story can help this effort and the five keys to success with specific emphasis on how captives should think about this process.
October 16, 2019 Read More
7 Dice Green-SF

7 Ways Captive Insurance Companies Provide a Competitive Edge

Based on their balance sheet strength, operating performance, and business profiles, captive insurance companies have consistently outperformed commercial market insurers. Captives can play a positive role and are able to provide a competitive edge to the organizations using them. Find out how.
October 14, 2019 Read More
Young Man Working from Home

Understanding the Competencies of the Optimal Remote Worker

One of the biggest organizational challenges companies must solve in today's work environment is team building. This can become particularly difficult in businesses that hire remote workers. Read about a proven interview method that will help your company discover the core competencies that make up the optimal remote worker.
October 07, 2019 Read More
Links in a Chain-SF

Supply Chain Losses Averted! The Secret to Keeping Your Business Moving

No organization can anticipate every possible scenario that may affect its business. This includes supply chain risk. Find out how a captive insurance company can address supply chain risk factors and circumvent business interruptions.
October 02, 2019 Read More
2020 Increase--SF

Captive Insurer Formations Expected To Accelerate in 2020

New captive insurance company formations are continuing with captive regulators and managers expecting growth to accelerate next year as the traditional market hardens.
September 30, 2019 Read More
Businesspeople Jigsaw Puzzle-SF

Emotional Intelligence in the Workplace: Why It Matters More Than Personality

Emotional intelligence quotient (EQ) is more than just a term used frequently in human resources departments and executive boardrooms. Understanding what EQ is and how it differs from personality can improve your hiring practices and impact your workplace bottom line.
September 25, 2019 Read More
Michael Schroeder-SF

NRRA Chairman Michael Schroeder Says RRGs Are Very Good at What They Do

Michael J. Schroeder, the current chairman of the National Risk Retention Association (NRRA), has a wide range of experience with risk retention groups and risk purchasing groups. In this article, he discusses various risk retention group (RRG) issues, including the likelihood of Congress passing legislation to expand coverages that RRGs can offer.
September 23, 2019 Read More
Global Outlook-SF

Global Reinsurance Outlook 2020

A Standard & Poor's global reinsurance outlook for 2020 has implications for captives. We explore some of the threats to reinsurers and how captives may also face similar issues.
September 18, 2019 Read More

Pinnacle's Aaron Hillebrandt Says Actuaries Help Improve Businesses

As part of our ongoing commitment to provide thoughtful commentary concerning issues impacting captives and the broader insurance markets, we spoke with Aaron Hillebrandt, a director and consulting actuary with Pinnacle Actuarial Resources, Inc. Our interview covers the changing role of actuaries and how the Casualty Actuarial Society is providing training and education for this evolution.
September 16, 2019 Read More

Recent News

Ransomware Attacks for 2019 Outpacing the Number of Incidents in 2018

Cyber Burglar 
In its latest "Cyber InFocus Report," titled "Adapting to the New Realities of Cyber Risks," Chubb provided insight into the recent growth of ransomware attacks across industries and underscored best practices companies should take to combat the associated risks.
October 18, 2019 Read More

WCRI Studies Look at Workers Compensation Medical Costs in 18 States

Workers Comp 480x377 
A new set of Workers Compensation Research Institute (WCRI) studies examine trends in payments, prices, and utilization of medical care for workers injured on the job in 18 states. The studies analyze recent costs and trends, reporting how medical payments per claim and cost components vary over time and from state to state.
October 18, 2019 Read More

UVM Health Network Captive Redomiciles from Bermuda to Vermont

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Another major organization, the University of Vermont (UVM) Health Network in Burlington, has redomiciled its medical malpractice captive insurer, VMC Indemnity Company, Ltd., from Bermuda to Vermont. The relocation of the captive, which was first licensed in Bermuda in 1993, was applauded by Vermont Governor Phil Scott.
October 17, 2019 Read More

NAIC and APCIA Urge Congress To Reauthorize TRIP

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On behalf of the National Association of Insurance Commissioners (NAIC), Chlora Lindley-Myers, director of the Missouri Department of Commerce and Insurance, testified on October 16, 2019, before Congress at a hearing titled "Protecting America: The Reauthorization of the Terrorism Risk Insurance Program (TRIP)."
October 17, 2019 Read More

Crumbling Foundations Captive Finalizes Participation for 61 Homeowners

Foundation Repair-SF 
The so-called crumbling foundations captive said it recently finalized program participation agreements for 61 homeowners previously awaiting funds (since June 19) from the captive that would allow them to begin scheduling contractors to work on their homes.
October 16, 2019 Read More

Texas Captive Regulators Maintain an Open Door Policy

Man Briefcase Door City 
There are currently 43 captive insurance companies licensed in Texas, and the domicile expects to have at least 44 captives in the state by the end of 2019. Texas regulators say the department successfully manages the volume of captive formation inquiries and maintains an open door policy.
October 15, 2019 Read More

Bingham Greenebaum Doll and Dentons Combine

Mergers and Acquisitions 
Bingham Greenebaum Doll will combine with Dentons, the world's largest law firm.
October 15, 2019 Read More

D&O Liability Market Pricing Increases as Tort Environment Shifts

Financial Increase-SF 
Underwriting conditions in the United States for directors and officers (D&O) liability have improved significantly in 2019. Several years of weaker performance driven by flat premium growth and less favorable claims trends in a shifting tort environment have spurred movement by insurers to restore profitability in this challenging line.
October 14, 2019 Read More

Hearing Date Set for Alaska Air Surrounding Captive Insurance Policies

Alaska Air  
A date has been set for the next hearing on the challenge by Alaska Air Group, Inc., of the Washington State Insurance Department's attempt to impose hefty financial fines on the airline for not paying premium taxes on coverage its captive insurer provides to Alaska Air subsidiaries operating in Washington.
October 11, 2019 Read More

MindForge: The Next Level of Construction Safety and Quality

3D Construction Concept 480x377 
If you are a contractor with a captive insurance company, a strong safety program is integral to loss control and loss elimination in your insurance program. Find out about MindForge, the next level of construction safety and quality.
October 10, 2019 Read More

IVANS: Commercial Lines Premium Renewal Rates Continue To Increase

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IVANS announced its Q3 2019 results. Year over year, commercial auto, businessowners policy, general liability, umbrella, and commercial property all experienced an increase in average premium renewal rate change while workers compensation remains in negative territory.
October 10, 2019 Read More

Podcast Now Available: IRS Settlement Offer to Micro-Captives

Podcast Definition-SF 
Management Services International (MSI) has just released its latest podcast episode, titled "Captives for Dummies: IRS Settlement Offer to Micro-Captives," which is immediately available free of charge at the MSI podcast library.
October 09, 2019 Read More

BevCap Management Brings on Jeff Marchino

Jeff Marchino-BevCap-SF 
Veteran employee benefits expert Jeff Marchino joined BevCap Management, LLC, last month as senior vice president based in McKinney, Texas.
October 09, 2019 Read More