Captive Insurance Industry and Alternative Risk Transfer Market News

Management Services International (MSI)

Articles

2018 Behind 2019 Ahead-SF

2018: A Look Back at Captives and a Vision of Success

Michael Maglaras of Michael Maglaras & Company looks back at 2018 and discusses the reason why he thinks captives are still being formed and maintained in an environment very deeply affected by a continuing soft commercial market condition.
January 17, 2019 Read More
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Proposed Regulations Clarify the BEAT and FATCA

The Department of the Treasury and the Internal Revenue Service issued two sets of proposed regulations that clarify the application of the base-erosion anti-abuse tax (BEAT) and the treatment of insurance premiums under the Foreign Account Tax Compliance Act (FATCA). Eversheds Sutherland explains the proposed regulations and offers key takeaways.
January 16, 2019 Read More
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The Crumbling Foundations Captive

Michael Maglaras, principal of Michael Maglaras & Company, explains that Dan Malloy, during his tenure as governor of Connecticut, was confronted with a looming problem: the crumbling foundations disaster. Watch the latest Captive.com video to find out why the state created a captive insurance company to deal with the crumbling foundations matter.
January 15, 2019 Read More
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Cyber Risk: A Devious Data Dilemma

Read the latest from Aaron Hillebrandt of Pinnacle Actuarial Resources, Inc., who discusses the "devious dilemma" of dealing with cyber-risk data reliability and the need to understand what the data represents.
January 14, 2019 Read More
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The Captive Industry Is Amazingly Resilient

Brady Young of Strategic Risk Solutions pauses and reflects on what happened in the captive industry in 2018 and what the operating environment might be in the coming year. Read why Mr. Young thinks the captive industry is amazingly resilient.
January 11, 2019 Read More
2018-2019 feature

Captive Insurers Finding New Footholds

When we remember 2018, its events and circumstances have been more varied and challenging than one might imagine, according to Joe Herbers and Rob Walling of Pinnacle Actuarial. Read the latest from Pinnacle on the year in review, take a look ahead, and find out where captive insurers are finding new footholds.
January 10, 2019 Read More
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Michael Mead—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 Michael Mead. Mr. Mead is editor of "Captive Insurance Company Reports" and offers commentary on today's captive markets as the latest captive insurance person of interest.
January 09, 2019 Read More
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Captive Insurance Runoff Trends

According to EWI Re, runoff is increasingly seen as a means of allocating dedicated capital as an alternative permanent risk funding mechanism for entities seeking an exit from a particular segment of business. This has created a more secure global insurance system and has reallocated capital and insurance capacity efficiently.
January 08, 2019 Read More
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Captive Insurers and the 2019 Reinsurance Markets

We look at early indications of renewal rates for 2019 reinsurance placements and comment on how they may impact the captive insurance market. Specifically, we review reports issued by JLT Re and Willis Re on the January 1, 2019, renewals and what captives can anticipate.
January 07, 2019 Read More

Recent News

Energi Advances with a Second Group Captive

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A second Vermont-domiciled group captive insurance solution is available from eCaptiv LLC. Funded through client participation, the group captives provide auto liability, general liability, excess liability, and workers compensation coverages.
January 17, 2019 Read More

IRMI Opens Its Agribusiness Conferences (AgriCon) Registration

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International Risk Management Institute, Inc. (IRMI®), has opened registration for the 2019 IRMI Emmett J Vaughan Agribusiness Conferences (AgriCon). Find out more and register today!
January 16, 2019 Read More

Crumbling Foundations Captive Insurer Processing Claims

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The Connecticut Foundation Solutions Indemnity Company, Inc. (CFSIC), the captive insurance company that has been charged with providing financial assistance to homeowners affected by the crumbling foundations natural disaster, has commenced operations.
January 15, 2019 Read More

Willis Adds JLT Executive to Its Bermuda Captive Team

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Willis Towers Watson has appointed Steve Arrowsmith, formerly of JLT Insurance Management, to lead client services for its Bermuda captive and insurance management operations.
January 15, 2019 Read More

Vermont Embarks upon a Captive Insurance Blockchain Pilot

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A state of Vermont pilot program will allow new captive insurance companies to register with the secretary of state using blockchain technology. The pilot program is designed to test the functionality of the emerging technology in state regulatory processes.
January 14, 2019 Read More

R&Q's Latest Runoff Transactions Focus on Workers Compensation

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Recently finalized runoff transactions involve workers compensation liabilities for a Vermont-based self-insurer and a Cayman-domiciled group captive insurer.
January 11, 2019 Read More

January Release of "Risk Financing" Focuses on Loss Development

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The latest release of "Risk Financing" features updates to the loss development factors payout profiles for general liability and automobile liability as well as the latest Willis Towers Watson Claims Cost Indexes. Access the sought-after Appendix F of "Risk Financing" to offset uncertainty in your self-insured program today!
January 11, 2019 Read More

Zurich Names Jason Meador as Head of Group Captives

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Zurich recently named Schaumburg, Illinois–based Jason Meador as head of group captives for alternative markets with responsibility for the operational management of Zurich's group captives business.
January 10, 2019 Read More

Erroneous Application of Facts: Capstone Releases Reserve Commentary

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Capstone Associated Services Ltd. recently released its fourth commentary, "The Tax Court's Erroneous Application of Avrahami to Reserve," surrounding the June 18, 2018, small insurance company Tax Court case, Reserve Mech. Corp. v. Commissioner.
January 09, 2019 Read More

Healthcare Industry Fuels Vermont's Captive Licenses in 2018

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Vermont licensed 25 new captive insurance companies in 2018, up from 24 the prior year, with growth fueled by captive formations in the healthcare industry, state officials reported Tuesday.
January 09, 2019 Read More

A.M. Best: ILS and Captive Insurance Growing in Asian Market

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A.M. Best recently reported that Asia is poised to become a significant growth opportunity for the insurance-linked securities (ILS) market and also confirmed that captive insurance and foreign ownership of insurance companies in China are both emerging growth areas for Asia.
January 08, 2019 Read More

Fitch: ACA Ruling Effect on Insurance Uncertain

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According to Fitch Ratings, the ultimate effect on the health insurance industry of December's federal court ruling that deemed the Affordable Care Act (ACA) unconstitutional is unclear, and what is expected to be a lengthy appeals process will follow.
January 07, 2019 Read More

Lloyd's "Transforms" through Electronic Placement Target Mandates

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Lloyd's will require each syndicate to write no less than 40 percent of its risks using a "recognized electronic placement system" for the first quarter of 2019, increasing to 50 percent for the second quarter of 2019.
January 04, 2019 Read More