Captive Insurance Industry and Alternative Risk Transfer Market News

Management Services International (MSI)

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Businesswoman with Questions - Feature

What Are the Key Elements of a Captive Feasibility Study?

What is a captive feasibility study? A feasibility study is a study undertaken to determine whether a contemplated risk financing program is feasible for a particular organization or group of organizations. A study, or a proposal for a captive feasibility study, should always begin by stating its scope and purpose.
February 18, 2019 Read More
Rob Walling

Captive Feasibility: An Actuarial Perspective

According to Rob Walling, principal and consulting actuary with Pinnacle Actuarial Resources, Inc., in the captive feasibility study, a business or a group of businesses may be investigating forming a captive insurance company. One of the first steps in that process is to engage an actuary.
February 13, 2019 Read More
Bruce Wright

Captive Insurance and State and Local Income Tax Issues

According to Bruce Wright of Eversheds Sutherland, state and local income taxes are an evolving issue that concerns captive insurers. He says some states are challenging whether a captive insurer's income should be included with combined income when determining the overall income tax of the parent.
February 11, 2019 Read More
Stewart Feldman

Selecting a Captive Manager

Stewart Feldman, CEO of Capstone Associated Services, advises that a prospective captive owner should consider a number of factors before selecting a captive management team.
February 06, 2019 Read More
Crystal Ball Businessman-SF

Trends in Long-Term Interest Rates

The decline in interest rates, which began several decades ago, has started to reverse. For captive insurers, this is a welcome respite, as most have watched the yield on their portfolios sink on a year-over-year basis.
February 04, 2019 Read More
Mark Sims

Captive Insurance and Medical Stop Loss, Controlling Healthcare Costs

Mark Sims of Captive Alternatives advises that health insurance is one of an employer's biggest expenses. Many businesses are looking to use their captive insurer to help control healthcare costs. With captive insurance, the employer can prefund, into their captive, premium to cover their claims responsibility within the "specific deductible."
January 31, 2019 Read More
Michael Maglaras-SF

Captive Insurance and Sexual Misconduct

Michael Maglaras, principal of Michael Maglaras & Company, says that we have been insuring bad behavior in the commercial insurance market and in captive insurers for many decades. In this video, Mr. Maglaras raises questions and explores ideas around sexual misconduct, sexual abuse, sexual intimidation, and captive insurance.
January 30, 2019 Read More
CICA Essay-SF

CICA Essay Contest Promotes Captive Insurance Opportunities

As the insurance industry looks for new talent, the Captive Insurance Companies Association (CICA) is making its own effort to promote the next generation of insurance industry talent with a captive insurance essay contest. Read what some of the essay contest finalists have to say about why they participated.
January 28, 2019 Read More
Businessman up arrow-SF2

Captive Formations Continue as Soft Market Persists

Even as soft conditions persist in the commercial market, captive insurance company formations are continuing. Get the latest updates on captive formations on Captive.com!
January 23, 2019 Read More

Recent News

Jack Gibson Receives Gottheimer Malecki Memorial Award

Jack Gibson SF 
International Risk Management Institute, Inc. (IRMI®), President and CEO Jack Gibson was recently honored by the Coverage, Litigators, Educators, and Witnesses Interest Group of the CPCU Society as the recipient of the Gottheimer Malecki Memorial Award.
February 19, 2019 Read More

Global Employee Benefits in Captives Increasing

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While only a sliver of captive insurance companies fund their parents' employee benefit risks, the number is growing as more companies understand the advantages of that approach, experts say.
February 19, 2019 Read More

Pinnacle Promotions Reinforce the Firm's Captive Insurance Expertise

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Pinnacle Actuarial Resources, Inc., has promoted Aaron N. Hillebrandt and Christopher C. Cortner, reinforcing the firm's captive insurance expertise.
February 19, 2019 Read More

Bermuda Runoff Reinsurer Premia Re A- Rating Affirmed by KBRA

Company Rating 
Kroll Bond Rating Agency (KBRA) has affirmed the financial strength rating of A- of Premia Reinsurance Ltd., a Class 4 Bermuda specialty reinsurer focused on acquiring nonlife runoff liabilities. KBRA believes its sound capitalization is sufficient to support the company's planned acquisition strategy of runoff liabilities in the medium term.
February 18, 2019 Read More

FERMA: AI Has Growing Implications for Risk Management

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The Federation of European Risk Management Associations (FERMA) said that it welcomes the European Commission's draft guidelines on artificial intelligence (AI) ethics. FERMA believes that the development and application of AI have growing implications for European risk managers.
February 15, 2019 Read More

Registration Now Open for Bermuda Captive Conference 2019

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Registration is now open for the 15th Bermuda Captive Conference. The 3-day conference, planned for June 10−12, is staged at the Fairmont Southampton and is Bermuda's largest industry event.
February 15, 2019 Read More

John Dohn Joins MSI as National Sales Manager

John Dohn 
Raleigh, North Carolina-based captive manager Management Services International (MSI) recently announced that John Dohn has joined the company as its national sales manager. In tandem with Mr. Dohn's arrival at the firm, MSI is also set to release its first podcast, titled "Captive Insurance for Dummies."
February 14, 2019 Read More

Bermuda Captive Insurer Formations Tick Up in 2018

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Bermuda licensed 19 new captive insurance companies in 2018, up slightly from 17 in 2017 and 13 in 2016, though the total number of captives in Bermuda continued to fall, domicile officials said Wednesday.
February 14, 2019 Read More

USI To Acquire U.S. Risk

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USI Insurance Services (USI) will acquire U.S. Risk Insurance Group (U.S. Risk), one of the nation's largest property and casualty program and specialty brokerage firms. The transaction is expected to close in the second quarter of 2019.
February 14, 2019 Read More

Capstone Announces Captive Insurance Portfolio Acquisition Negotiations

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In a recent statement, Capstone Associated Services, Ltd., revealed that it is currently in negotiations to acquire captive insurance portfolios from captive managers and is in contact with sponsors looking to either exit the small captive business or combine forces.
February 13, 2019 Read More

Large Medical Malpractice Claims Becoming More Frequent and More Costly

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A new report issued by CRICO Strategies, "Medical Malpractice in America: A 10-year Assessment with Insights," examines national trends in claims frequency, payment, and root causes of preventable harm.
February 12, 2019 Read More

ICCIE Update: 17 ICCIE Trained Organizations and Counting

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The International Center for Captive Insurance Education's (ICCIE) website now features a page that shows which companies have qualified, to date, as ICCIE Trained Organizations. The page will be updated as companies are added to the list.
February 12, 2019 Read More

Federal Relief Sought for Crumbling Foundations

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Two bills recently introduced in the US Senate seek funding from the Federal Emergency Management Agency and US Department of Housing and Urban Development to provide relief for homeowners and businesses in Connecticut and other states with crumbling foundations.
February 11, 2019 Read More