Market News
Canadian Broker NFP Forms Captive Management Company in Alberta
NFP, a major Canadian property-casualty insurance broker, has set up a new captive management company, NFP Captive Management Corp., in Alberta and boosted its Complex Risk Solutions Group unit to help NFP form and administer Alberta-based captives. Legislation passed in 2021 allows the formation of captives in Alberta. Read More
Connecticut Crumbling Foundations Captive Earns "A" Demotech Rating
Connecticut Foundation Solutions Indemnity Company, Inc., the captive insurance company providing financial assistance to homeowners affected by the state’s crumbling foundations disaster, has received a Financial Stability Rating of A, Exceptional, from independent insurance company rating agency Demotech, Inc. Read More
Swiss Re Report Shows Global Insurance Resilience Increased in 2021
Global insurance resilience to all perils improved in 2021 but faces pressure this year and next, according to a report from the Swiss Re Institute. And the level of insurance resilience in 2021 was below its levels both before the COVID-19 pandemic and prior to the global financial crisis. Read More
July "CICR" Analyzes Reserve Mechanical Opinion
Don't miss the July issue of "Captive Insurance Company Reports" ("CICR"), in which P. Bruce Wright and Saren Goldner from Eversheds Sutherland (US) LLP provide an analysis of a recent opinion by the US Court of Appeals for the Tenth Circuit in the micro-captive case Reserve Mechanical Corp. v. Commissioner. Read More
Self-Insuring Physical Damage with a Captive Model
Independent trucking firms with good loss performance and an appetite to bear some risk can employ captive insurance to self-insure physical damage. Forming a captive insurance company has helped haulers improve their profit picture while addressing the challenges of rising insurance costs or the unavailability of certain coverages. Read More