Captive Insurance Issues and Trends 2017
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The National Risk Retention Association (NRRA) 2016 Conference was once again a success. By inspiring imagination and innovation, the conference's theme of "Autonomous RRG—A Virtual Company" challenged attendees to explore the role of combined digital technologies and their future use by risk retention groups (RRGs) to manage the risks of new technologies.
The last truly hard market in commercial lines was 13 years ago, more than 4 years longer than the average soft market cycle length of 9 years. What began in the commercial property markets and then spread to casualty lines now seems to have claimed workers compensation as well.
Atlas Insurance Management has received approval from the South Carolina Department of Insurance to act as an insurance manager for captive business in the state.
The financial strength rating of B+ (Good) for National Independent Truckers Insurance Company, A RRG (NITIC) has been affirmed by A.M. Best, and the outlook has been revised from stable to positive.
A.M. Best has assigned a financial strength rating of A– (excellent) to MedChoice Risk Retention Group (RRG), Inc.
AEGIS has been upgraded by A.M. Best from A– to A (Excellent).
International Risk Management Institute, Inc. (IRMI), has acquired Captive.com, the go-to information portal for the captive insurance industry since 1995, from Captive.com, LLC.
Acting Commissioner Sanford Saito has been appointed by Hawaii Insurance Commissioner Gordon as the deputy insurance commissioner and captive insurance administrator for the Department of Commerce and Consumer Affairs.
The international re/insurers who make up the membership of the Association of Bermuda Insurers and Reinsurers claim to have contributed nearly $900 million to the Bermuda economy in 2013. The industry representative body released its annual Bermuda Economic Impact Survey yesterday, which...
Managing the asset side of a captive balance sheet is often not given the attention it deserves. A number of firms that provide captive investment management services provide periodic reports that can assist captive managers and board members with an understanding of market...