Market News
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
KBRA Affirms Rating for Fidus Re Series Notes
Kroll Bond Rating Agency (KBRA) has affirmed the long-term credit rating of AA with a Stable Outlook for Fidus Re Ltd.'s Series Notes. Build America Mutual Assurance Company sponsored the issuance of variable rate notes through an offshore (Bermuda) bankruptcy remote special purpose insurer, Fidus Re Ltd. Read More
3 Lessons from the Spirit Commercial Auto RRG Failure
The recent failure of Spirit Commercial Auto Risk Retention Group (RRG) should cause the captive industry to assess what went wrong and offer solutions. In this article, we look at three lessons we've learned from the failure and offer an analysis. Read More
A Focus on Pamela Davis and Alliance of Nonprofits for Insurance RRG
We spoke with Pamela Davis, the founder, president, and chief executive officer of a group of nonprofit insurers known as the Nonprofits Insurance Alliance. This group includes the Nonprofits Insurance Alliance of California, the Alliance of Nonprofits Risk Retention Group, and a captive insurance company and a nonprofit service company. Read More