Market News
FERMA Voices Concern over ISO's Proposed Cyber Insurance Guidelines
The Federation of European Risk Management Associations (FERMA) said that the International Organization for Standardization (ISO) failed to obtain adequate input from the insurance industry while developing its proposed cyber insurance guidelines. Read More
Department of Labor ExPro Option for Captive Insurers Remains on Hold
A US Department of Labor (DOL) suspension of a regulatory procedure that employers have used for years to get quick DOL review of their applications to fund employee benefit programs through their captive insurance companies remains on hold with no word yet on when the suspension will be lifted. Read More
2 Former Insurance Commissioners To Support eCaptiv Progression
Two former insurance commissioners join Energi's board of directors to bolster the organization's progression into providing captive insurance programs through eCaptiv LLC. Read More
North Carolina Captives Continue on a Growth Curve
North Carolina, one of the largest US captive insurance company domiciles, continues to grow. As of April 1, North Carolina, the fourth-largest US domicile, had 244 captives, up from 232 a year ago, according to statistics released Monday by the North Carolina Department of Insurance. Read More
Guernsey Announces New ILS Hybrid Vehicle
Guernsey Finance has announced that the domicile now has the world's first hybrid vehicle for use in the insurance-linked securities (ILS) sector. The Guernsey hybrid is a protected or incorporated cell company that is both a licensed insurance company and a regulated investment fund. Read More