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  • Captive Update on the 2017 NAIC Summer Meeting What are the key takeaways for captive insurers from the recent National Association of Insurance Commissioners (NAIC) Summer 2017 National Meeting? Model laws for cyber security, corporate governance, financial stability, risk assessment, and triple X captives were all under discussion.
  • NAIC Model Law Requirements Will Most Greatly Affect Smaller Insurers The National Association of Insurance Commissioners (NAIC) Cybersecurity Working Group approved the "Insurance Data Security Model Law," which, if approved by the NAIC Executive Committee, will promote more rigorous cyber risk management practices in the US insurance market. Concurrently, it will add to insurers' compliance costs and associated risks of penalties for compliance violations.
  • Delaware's Captive Insurance Program Dedicated to Excellence Insurance Commissioner Trinidad Navarro recently announced that the International Center for Captive Insurance Education (ICCIE) has designated the Delaware Insurance Department Bureau of Captive and Financial Insurance Products as an ICCIE Trained Organization. Delaware is one of only two states that has applied for and received this recognition.
  • First Half of 2017: Biggest Catastrophe Losses Come from US Thunderstorms According to the Swiss Re preliminary sigma estimates, global total economic losses from natural catastrophes and man-made disasters in the first half of 2017 were $44 billion. Severe thunderstorms in the United States resulted in the largest catastrophe losses, with overall US insured losses totaling $23 billion.
  • Bermuda Captive Conference Chair David Gibbons Fills in the Blanks This week, Captive.com sat down with David Gibbons, chair of the Bermuda Captive Conference, to discuss the 13th annual event, which is September 10–13 at the Fairmont Southampton Resort. Mr. Gibbons encourages Captive.com readers to register online now to avoid missing out on this paramount event.
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  New York Computer-SF2

Captive Update on the 2017 NAIC Summer Meeting

What are the key takeaways for captive insurers from the recent National Association of Insurance Commissioners (NAIC) Summer 2017 National Meeting? Model laws for cyber security, corporate governance, financial stability, risk assessment, and triple X captives were all under discussion.
August 21, 2017 Read More
  Cyber Insurance-SF-2

NAIC Model Law Requirements Will Most Greatly Affect Smaller Insurers

The National Association of Insurance Commissioners (NAIC) Cybersecurity Working Group approved the "Insurance Data Security Model Law," which, if approved by the NAIC Executive Committee, will promote more rigorous cyber risk management practices in the US insurance market. Concurrently, it will add to insurers' compliance costs and associated risks of penalties for compliance violations.
August 21, 2017 Read More
  ICCIE Trained Organization 480x377

Delaware's Captive Insurance Program Dedicated to Excellence

Insurance Commissioner Trinidad Navarro recently announced that the International Center for Captive Insurance Education (ICCIE) has designated the Delaware Insurance Department Bureau of Captive and Financial Insurance Products as an ICCIE Trained Organization. Delaware is one of only two states that has applied for and received this recognition.
August 18, 2017 Read More
  Lightning Strike

First Half of 2017: Biggest Catastrophe Losses Come from US Thunderstorms

According to the Swiss Re preliminary sigma estimates, global total economic losses from natural catastrophes and man-made disasters in the first half of 2017 were $44 billion. Severe thunderstorms in the United States resulted in the largest catastrophe losses, with overall US insured losses totaling $23 billion.
August 18, 2017 Read More
  Photo of David Gibbons, Bermuda Captive Conference chair, and event logo

Bermuda Captive Conference Chair David Gibbons Fills in the Blanks

This week, Captive.com sat down with David Gibbons, chair of the Bermuda Captive Conference, to discuss the 13th annual event, which is September 10–13 at the Fairmont Southampton Resort. Mr. Gibbons encourages Captive.com readers to register online now to avoid missing out on this paramount event.
August 17, 2017 Read More
  Leadership Key-SF

The Emotional Intelligence Competencies of an Effective Leader

Understanding the difference between leading and managing is understanding the difference between winning and losing in cutthroat markets. Pure managers make the system work, but leaders make things happen. They make the people around them better. Effective leaders should pay attention to and work to master key emotional intelligence competencies.
August 16, 2017 Read More
  VCIA Hot Topics 2017-SF

Vermont Provides Most Current Captive Insurance Figures at VCIA Conference

Vermont's most current captive insurance figures were outlined by Sandy Bigglestone, State of Vermont director of captive insurance, during a "Hot Topics" panel held August 10 at the Vermont Captive Insurance Association (VCIA) 2017 Annual Conference. Vermont's numbers make it the leading captive domicile in the United States.
August 16, 2017 Read More
  National Risk Retention Association logo

Attendees Will Peer into the Future of Insurance at NRRA Conference

Register now for the 2017 National Risk Retention Association Conference, happening September 26–28 in Chicago. At "Business to Business: The NRRA Edge," attendees will find out how to solve today's pressing issues and develop solutions for tomorrow's problems.
August 15, 2017 Read More
  2017 VCIA agency captives panelists: Jesse Crary, Bob Gagliardi, Peter J. McDougall

Vermont Agency Captive Insurance Law Details Revealed

Vermont's captive bill (H.85), signed into law May 1, added agency captives to the types of captives that can be formed in the state. An agency captive is a reinsurance company formed/owned by an insurance agency or brokerage to provide reinsurance to its insured clients.
August 15, 2017 Read More
  vcia-2017-101-SF.com

Captive Insurance Pre-Formation and Feasibility Discussed by Panel

The Vermont Captive Insurance Association 2017 Annual Conference provided attendees with sessions from the basics to the most advanced. "Captives 101: Where the Mission Begins" was a foundational course for those new to captive insurance or those needing a refresher. Among other aspects, the session reviewed captive pre-formation and the captive feasibility processes.
August 14, 2017 Read More
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