Types of Coverages

  Doctors Surgeons

Medical Stop Loss Captive Insurance Use Growing, QBE Report Shows

A recent white paper published by QBE North America discusses the increased use of medical stop loss captives by companies that self-fund their employee health insurance plans.
April 21, 2016 Read More

Captive Insurance for Cyberliability Has Pros and Cons

Although there are several "pros" for a captive providing cyberliability coverage, the major "con" is the lack of "good data," said speakers who opened the Delaware Captive Insurance Association (DCIA) 2015 Fall Forum on November 11.
November 12, 2015 Read More
  Doctor Stethoscope

Captive Insurance and Reinsurance for Health Care Topic of Bermuda Development Agency Webinar

The healthcare insurance market is in a state of flux, and Bermuda is uniquely positioned to benefit, according to the three speakers at the "Healthcare Captives and Reinsurance" webinar sponsored by the Bermuda Business Development Agency (BDA) September 30, 2015.
October 02, 2015 Read More

Healthcare Captives Are Focus of New Video Series

The state of the healthcare professional liability marketplace, how accountable care is affecting healthcare captives, and trends in the use of captives are topics discussed in the latest Captive Thought Leader video series.
August 06, 2015 Read More
  Doctor Family

The Ongoing Evolution of Medical Professional Liability Insurance Providers

In the mid-1970s, the legislative solution to the lack of availability of medical professional liability insurance in a number of states was to create a joint underwriting association (JUA) or authority. In New England, New Hampshire and Maine were two states that created these entities.
July 31, 2015 Read More
  IRA Pension Retirement

The Use of Captives To Fund Pension Risk

In the June 2015 issue of Risk & Insurance, Matthew Brodsky provided a concise history of the use of captives to fund pension risk. The story begins in 2003 when Towers Watson was asked to explore the feasibility of managing pension obligations in a captive. But it was not until 2011 when Coca-Cola followed the original pioneer that the idea of using captives in this manner really began to be taken seriously.
June 12, 2015 Read More
  Cayman Islands Beach Ocean

Captive Industry in Cayman Impacted by Healthcare Consolidation

The ongoing consolidation of healthcare systems in the United States as a result of the Affordable Care Act (ACA) is leading to consolidation among medical captives in Cayman, the Insurance Managers Association of Cayman (IMAC) chairman said during an A.M. BestTV interview.
May 15, 2015 Read More
  employee benefits

EXPRO Employee Benefit Submission Model for Captives

The Health Care Services Group (HCSG) and its wholly owned captive insurer, HCSG Insurance Corporation, submitted a Prohibited Transaction Exemption 96-62 (EXPRO) to the US Department of Labor (DOL) providing a model for those considering funding of employee benefits in a captive. That submission has met the requirements for authorization of the DOL. The next step for the captive, HCSG Insurance Corp., is to seek the approval to write the employee benefit coverages from the Captive Insurance Division in New Jersey where it is domiciled.
April 27, 2015 Read More
  Disability Insurance

Risk Considerations for Captive Financing of Group Life and Disability

“Group life and long term disability (LTD) insurance are among the most common U.S. employee benefit programs funded through captives,” according to a recent Milliman publication. Many of the risks associated with these types of benefit programs are different from captive property and liability coverages.
April 24, 2015 Read More
  Injured Workers

Workers Compensation Reform Challenges To Consider

If your captive is insuring workers compensation through a fronting insurer in multiple states, you could benefit from an up-to-date overview of the numerous workers compensation reform challenges that are taking place. Articles are cited that will help get you up to speed.
April 15, 2015 Read More
  Reputation Risk

Assuming Reputation Risk in Your Captive

Deloitte's "2014 Global Survey on Reputation Risk" found that 88 percent of the executives surveyed say they are focusing on reputation risk as a key strategic business challenge, and a recent CFO article suggests using a captive to "formally fund management of this material enterprise risk."
April 08, 2015 Read More
  Cyber Password Security

The State of Cyberliability

Three recent articles exemplify the state of the cyberliability line of coverage. In its nascent evolution, there exists an enormous amount of uncertainty, but therein lies the need for risk transfer contracts. Additionally, insurance veterans and company owners are terribly ill equipped to even understand the risk, let alone grapple with responsible and reasonable underwriting. Our interconnected digital world makes communication and education ubiquitous but allows the malevolent to wreak havoc across millions of people’s lives and businesses.
March 26, 2015 Read More
  Disability Insurance

Workers Compensation Captives Face Evolving Issues

A recent article offering metrics to help insurers and reinsurers become more successful in improving workers compensation outcomes is one way for captives to approach the evolving issues this line of business presents.
March 18, 2015 Read More
  Health Care Insurance

Managing Medical Stop Loss in Your Captive

Stephen Hannabury, president of Educators Health Insurance Exchange of New England (EdHealth); John Cassell, Spring Consulting Group; and Jess Crary, Primmer Piper Eggleston & Cramer PC, provided Captive Insurance Companies Association (CICA) delegates an in-depth review of developing an operational strategy for a medical stop loss captive.
March 13, 2015 Read More

Cyberliability Presents an Emerging and Unavoidable Exposure

Cyberliability insurance is an emerging but growing line of business that should be at the forefront of every captive owner's mind.
March 02, 2015 Read More
  Disability Insurance

Is Proposed Tennessee Law the Future of Workers Compensation?

Proposed legislation in Tennessee would allow certain qualified employers to provide injury coverage to employees through a self-funded benefit plan instead of purchasing coverage through the commercial insurance market.
February 25, 2015 Read More
  Field trees clouds

Drone Liability: A Future Captive Coverage?

As commercial use of drones grows, so does interest in whether drone liability and/or property damage will be a future captive coverage. How the government decides to regulate drones is an important step in answering this question.
February 24, 2015 Read More
  Higher Education

Group Medical Stop Loss Captive Achieves Savings

Looking for a solution to the high cost of health insurance? Here is a brief description of how a group of New England higher-education institutions developed an innovative approach and achieved savings.
February 23, 2015 Read More
  WCF Medical Stop Loss Panel

Medical Stop Loss in Captives

Placing medical stop loss coverage in a captive insurance company can provide substantial savings to employers.
February 06, 2015 Read More
  American Money

New Terrorism Risk Insurance Legislation Seeks To Reduce Federal Role

The long-term intent of Congress in the future funding of terrorism losses is spelled out in sections 108 and 110 of the Terrorism Risk Insurance Program Reauthorization Act of 2015, and it appears aimed at reducing the federal role.
January 16, 2015 Read More