Market News
Tennessee Governor Signs Legislation Revising State's Captive Law
Tennessee Gov. Bill Lee has signed legislation that will, among other things, reduce the capitalization and surplus requirements that protected cell captives must meet to start operations and will authorize parametric insurance coverage. Tennessee regulators and the state's captive insurance association strongly supported lowering the capital and surplus requirements. Read More
June CICR Focuses on Using Captives for Voluntary Benefits
Don't miss the June issue of Captive Insurance Company Reports (CICR), which focuses on another unique use case for a captive insurance company: voluntary benefits. Read More
Risk Retention Groups in 2021—Challenges and Opportunities
A January 2020 hearing on H.R. 4523, the Nonprofit Property Protection Act, a bill seeking a limited expansion of the Liability Risk Retention Act to allow a small subsector of risk retention groups to write property coverage, provided a lens into the challenges and opportunities facing the risk retention group industry. Read More
Newly Formed Fronting Insurer Raises Additional Capital from Founders
Concert Group Holdings, Inc., a newly formed fronting insurer, has reached an agreement to raise additional capital from its founders, Brady Young, CEO and founder of Strategic Risk Solutions, Inc.; Wes Duesenberg Jr., CEO of Southern Insurance Underwriters; and Christopher Collins, CEO and founder of Corinthian Re. Read More
New Cyber Regulations a Plus but Not a Complete Solution to the Risk
Evolving US cyber legislation and regulations are a positive step in addressing cyber risks but by themselves aren't likely to eliminate cyber attacks, which are expected to increase in size, volume, and sophistication around the world, according to Fitch Ratings. Read More