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NACD Publishes "2018 Governance Outlook"

The National Association of Corporate Directors (NACD) released its white paper on the "2018 Governance Outlook." While the paper is targeted at board members of publicly traded corporations, several of the monographs are germane to the governance of captive insurers as well. We'll look at some of the highlights of interest to captives.
January 17, 2018 Read More
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Blockchain: Accessing Its Value

Many readers may be inclined to ignore blockchain concepts or defer consideration until clearer information and evidence are available. However, disregarding blockchain rather than actively understanding it could put an organization, including captive insurers, at a competitive disadvantage compared to others who move to embrace its full context.
January 15, 2018 Read More
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4 Captive Insurer Resolutions for 2018

With the start of a new year, traditional practice is to set a series of resolutions for personal fulfillment. In a similar vein, Captive.com offers a series of captive insurer resolutions for consideration in 2018. This piece explores interest rates, reinsurance pricing, technology, and talent. What are your captive insurer resolutions for the coming year?
January 10, 2018 Read More
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Collateral for Captive Insurers

Martin Ellis, manager of Comerica Bank's Captive Insurance Group, discusses how captive insurers use two main types of collateral. A letter of credit is issued by the bank to the front for a fixed amount. A reinsurance trust is a three-party agreement among the captive, the front, and the bank.
January 08, 2018 Read More
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How the 2017 Tax Law Affects Captive Insurers

Following the passage of the Tax Cuts and Jobs Act by the US Congress, Captive.com met with Bruce Wright of Eversheds Sutherland to document his take on the primary impacts of the tax law on the captive insurance industry. According to Mr. Wright, a number of the law's provisions may affect captives.
January 03, 2018 Read More
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IAIS Releases Consultation Paper on Systemic Risk

The International Association of Insurance Supervisors (IAIS) has released a consultation paper regarding systemic risk in the insurance industry. The IAIS is seeking input on the paper by market participants by February 15, 2018. We provide a summary of the paper and argue that captive insurers should provide responses.
January 03, 2018 Read More
Mike Meehan-December Person of the Month

Mike Meehan—Captive Insurance Person of Interest

As part of our ongoing commitment to provide thoughtful commentary concerning issues impacting captives and the broader insurance markets, we spoke with Mike Meehan. Read his thoughts on the actuarial profession, the impact of artificial intelligence on the profession, and the outlook for market conditions considering the significant catastrophes of 2017.
December 20, 2017 Read More
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Catastrophic Loss Estimates: The Numbers Are Numbing

Following the series of natural catastrophes clustered around the third and early fourth quarters of 2017, insurers and reinsurers provided their initial estimates of the associated incurred losses and earnings impacts. The expectation is that the initial estimates will be restated, and most likely increased, as the assessments evolve.
December 19, 2017 Read More
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How To Manage a Captive More Efficiently

Managing a captive efficiently comes down to having a streamlined approach. Captive managers coordinate multiple pieces, such as actuaries, auditors, regulatory bodies, and financial statement preparation. A captive manager may want to look at a firm to help with back office support, according to Jeremy Colombik of Management Services International.
December 18, 2017 Read More

Recent News

Alternative Market Alters Reinsurance Renewal Pricing, According to Fitch

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The reinsurance underwriting cycle may finally have turned, but price rises look modest, suggesting that the cycle may have become flatter, according to a Fitch Ratings report. Yet, despite large catastrophe losses in 2017, the rate increases were modest. Fitch believes the growth of the alternative capital sector has altered reinsurance market dynamics.
January 19, 2018 Read More

Vermont Judged Best Insurance Regulatory Environment in United States

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Vermont was judged by R Street Institute's "2017 Insurance Regulation Report Card" to have the best insurance regulatory environment in the United States. The report card specifically references captive insurance in Vermont and Connecticut in its state-by-state developments section.
January 19, 2018 Read More

"IVANS Index" Provides Fourth-Quarter and 2017 Year-End Results

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December's "IVANS Premium Renewal Rate Index" findings show a slight uptick in premium renewal rate change average across commercial auto, businessowner's policy, general liability, and commercial property compared to third quarter. December's report also includes IVANS overall year-end 2017 results.
January 18, 2018 Read More

Group Rental Captive Insurer Launched for Towing and Recovery Industry

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The first group rental captive insurer designed exclusively for the towing and recovery industry, TowCap Premier, has been launched by National Interstate Insurance Company, a leading specialty property and casualty transportation insurer.
January 18, 2018 Read More

Pinnacle's Rob Walling Again Named in Captive Insurance Power 50

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For the second consecutive year, "Captive Review" has named Pinnacle Actuarial Resources, Inc., Principal and Consulting Actuary Robert J. Walling to its Power 50 list. The Power 50, compiled from the votes of more than 6,000 captive insurance professionals, recognizes key influencers in the global captive insurance industry.
January 17, 2018 Read More

Davies Group Acquires R&Q's Captive Management Operations

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Davies Group, a leading operations management, consultancy, and digital solutions provider, will acquire Randall & Quilter's (R&Q) insurance services and captive management operations. The sale follows R&Q's previously announced decision to simplify its operations to focus on core high-growth activities.
January 16, 2018 Read More

Alastair Nicoll To Lead Aon's Asia Pacific Captive Insurance Business

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Alastair Nicoll recently relocated from Dublin to Singapore to lead Aon's captive and insurance management business in Asia Pacific. Mr. Nicoll's new role as regional director combines the management of Aon's captive insurers in Singapore with the development of more captive business around the region.
January 16, 2018 Read More

IRMI Offers New Online Transportation Certification Program

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International Risk Management Institute, Inc. (IRMI®), and WebCE have launched an online curriculum for the Transportation Risk and Insurance Professional (TRIP™) certification and continuing education program at TRIP-ce.com. The TRIP program is a specialized curriculum focusing on the insurance and risk management needs of the transportation industry.
January 15, 2018 Read More

Martin & Company Adds Employee Benefits Consulting Division

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Martin & Company, an industry provider of consulting and regulatory services to the property and casualty, life and health, and captive insurance markets, recently created an Employee Benefits Consulting division and has also expanded its Life, Accident & Health department.
January 12, 2018 Read More

Robert Cartwright Set To Lead RIMS as President of the Society

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Robert Cartwright Jr., CRM, BSB/OP, is set to lead RIMS, "the" risk management society™, as president for the 2018 term, effective January 1. Mr. Cartwright has been a member of RIMS for more than 25 years and served on its board of directors for 10 years.
January 12, 2018 Read More