Market News
Risk Retention Groups First Quarter 2015 Underwriting Profit Reported
Risk retention group (RRG) policyholders' surplus has increased 64.7 percent over the 5-year period from the first quarter of 2011 through the first quarter of 2015, according to the Demotech, Inc., Analysis of Risk Retention Groups First Quarter 2015, which has just been released. Read More
Captive Insurance Industry Market Status Report
A.M. Best has released its 2014 review of the US captive insurance sector and has scheduled a webinar to review the State of the Captive Insurance Market" today Read More
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