Captive Insurance Issues and Trends 2017
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The Reinsurance Association of America (RAA) has released its Quarterly Underwriting and Operating Report for the first quarter of 2016.
The Associated Electric & Gas Insurance Services Limited (AEGIS) 2015 Annual Report holds great news for its North American utility members.
An opportunity to comment on proposed changes to the National Association of Insurance Commissioners (NAIC) Credit for Reinsurance Model Act has been extended, and those who could be affected are encouraged to take advantage. "It is important that the captive insurance industry remain vigilant in monitoring and sharing their views on the proposed changes to the model NAIC Credit for Reinsurance Act," urged Steve Kinion, director of the Delaware Bureau of Captive and Financial Insurance Products.
The Utah Insurance Department Captive Insurance division has proposed several changes to captive-related administrative rule R590-238. The most significant change is the definition of what constitutes a captive manager.
Keeping the membership informed is one of the keys to membership retention in a group captive. The OMS National Insurance Company (OMSNIC) risk retention group 2014 annual report is an excellent example of an informative report to the membership.
The lead article in the June 2015 issue of Captive Insurance Company Reports (CICR) provides guidance for US reporting and withholding requirements under the Foreign Account Tax Compliance Act (FATCA) that apply when a captive is domiciled in a non-US jurisdiction.
The A, Exceptional, Financial Stability Rating of PCH Mutual Insurance Company, RRG, has been affirmed by Demotech, Inc., according to the Demotech, Inc., website.
International Risk Management Institute, Inc. (IRMI), under the leadership of President and CEO Jack Gibson, significantly enhanced and expanded its information services to the risk management and captive insurance communities in 2014.
A.M. Best has placed the A- rating of Allied Professionals Insurance Company, an RRG (APIC), under review.