Market News
Reinsurer Underwriting Results for First Quarter 2015 Released
Only 8 of the group of 18 reinsurers reported an increase over the same period last year in net written premiums for the first quarter, as shown in the Reinsurance Association of America (RAA) 2015 survey of reinsurers' statutory underwriting results. Read More
Revised NAIC Accreditation Preamble Released
The revised National Association of Insurance Commissioners (NAIC) Part A Accreditation Preamble draft specifically states the section titled 'Life/Health and Property/Casualty Insurers' does not apply to insurers organized under a state's captive statutes Read More
EXPRO Employee Benefit Submission Model for Captives
The Health Care Services Group (HCSG) and its wholly owned captive insurer, HCSG Insurance Corporation, submitted a Prohibited Transaction Exemption 96-62 (EXPRO) to the US Department of Labor (DOL) providing a model for those considering funding of employee benefits in a captive. That submission has met the requirements for authorization of the DOL. The next step for the captive, HCSG Insurance Corp., is to seek the approval to write the employee benefit coverages from the Captive Insurance Division in New Jersey where it is domiciled. Read More
New York Times Article Continues Attack on Life Insurance Captives
An April 11, 2015, New York Times article, Risky Moves in the Game of Life Insurance Read More
State of the Captive Insurance Market Included in Marsh Report
The Marsh United States Insurance Market Report 2015 offers an overview of the current state of the captive insurance market as part of a look at major lines of insurance, key specialties, and more than 24 industries. Read More