Captive Insurance News

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  • Using Artificial Intelligence To Create Insights into Insurance Risk XL Catlin's internal innovation team, Accelerate, will team up with Cytora, a UK-based insurtech start-up, to use artificial intelligence and open source data to create new insights into risk by leveraging Cytora's expertise in sourcing, analyzing, and combining data from multiple sources.
  • Cayman Island Insurance Company Formations Clipping Along in 2017 To date for 2017, the Cayman Islands Monetary Authority has issued 23 new insurance company licenses. This count includes 20 Class B licenses and 3 Class C licenses. The 2016 year ended with a grand total of 39 new insurer licenses, following 22 in 2015 and 23 in 2014.
  • The US 2017 Billion-Dollar Weather and Climate Disasters Count Hits 15 Since June 2017, six weather and climate events impacted the United States with costs exceeding $1 billion. The events included Western wildfires, Northern Plains drought, severe weather in the Midwest, and Hurricanes Harvey, Irma, and Maria. This brings the year-to-date total to 15 separate billion-dollar weather and climate disasters.
  • Tennessee Delivers 3 Modernized Rules for Captive Insurers The Tennessee Department of Commerce & Insurance is ushering in new, more modern rules to guide the Volunteer State's burgeoning captive insurance industry. The new rules relate to dormancy, audits, and financial exams.
  • Swiss Re sigma Study: Deep Changes, New Risks, and New Opportunities The Swiss Re sigma study "Commercial insurance: innovating to expand the scope of insurability" reveals that product development and innovation around data and data analytics have expanded the scope of insurance solutions to a wider range of threats and perils and made risk transfer more efficient.
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Anne Marie Towle To Serve on VCIA and ICCIE Boards

Anne Marie Towle, executive vice president and consulting practice leader of JLT Insurance Management, has recently been elected to serve as a director on the Vermont Captive Insurance Association (VCIA) board and on the International Center for Captive Insurance Education (ICCIE) board.
August 11, 2017 Read More
  vcia logo 480x377

Vermont "Sticks to" and "Nurtures" Its Captive Insurance Plan

On the morning of Wednesday, August 9, US Representative Peter Welch and Governor Phil Scott addressed Vermont Captive Insurance Conference attendees. While it's a small state, Vermont has a huge captive industry, and it continues to productively amend and modernize its captive laws to remain effective and responsive to competitive pressures.
August 10, 2017 Read More
  Connecticut state flag

Connecticut Licenses First Healthcare Liability Captive Insurer

The Connecticut Insurance Department announced the licensure of the state's first healthcare liability captive insurance company: Keystone Indemnity Company, Ltd. Michael Maglaras & Company advised Masonicare and Keystone on the re-domestication. Masonicare is Connecticut's leading provider of health care and retirement living communities for seniors.
August 10, 2017 Read More
  Martin Eveleigh

What Are the Financial Benefits of a Deductible Reimbursement Policy?

An operating company may achieve immediate financial benefits by using a captive insurer to issue a deductible reimbursement policy for its high deductible retentions. The tax implications for reimbursement policies for high deductibles are explained in this video by Martin Eveleigh of Atlas Insurance Management.
August 09, 2017 Read More
  Strategic Risk Solutions

Strategic Risk Solutions Launches European Operation in Dublin

Strategic Risk Solutions announced the launch of Strategic Risk Solutions Europe, a firm established in Dublin, Ireland, to serve US and European multinational captive insurance owners operating in Europe. The firm will be led by Stuart King.
August 09, 2017 Read More
  2017 VCIA Conference "Mission: Possible!" logo: a female spy and a male spy carrying a briefcase are running through a field of red laser beams.

Captive Insurance Conference Begins in Vermont

The Vermont Captive Insurance Association (VCIA) Conference has begun, with the theme "Mission: Possible!" This 2 1/2-day event will host 1,100 people from around the world. Networking and education events are scheduled August 8–10 at the Sheraton Burlington Hotel.
August 08, 2017 Read More

Captives Continue To Outperform Their Commercial Peers

Fred Eslami, senior financial analyst for A.M. Best, has reviewed the most recent "Best's Special Report" on U.S. captive insurers and how they continue to perform when compared with their commercial lines counterparts, mainly due to their loss-control activities and expertise in the coverages that they write.
August 08, 2017 Read More
  Texas Capitol Building 480x377

Rundown of Texas Law Updates Related to Insurance and Captives

During the 85th legislative session in Texas, a number of bills became law related to insurance and captives. The Texas Captive Insurance Association has produced a summary of these laws, including those coming into effect on September 1, 2017.
August 07, 2017 Read More
  Treasury Department Building-SF

Analysis of the FIO Report on TRIP and Small Insurers

The Federal Insurance Office (FIO) report on the Terrorism Risk Insurance Program (TRIP) and small insurers contains several key conclusions that warrant discussion and analysis by all captives that provide some kind of terrorism cover.
August 07, 2017 Read More
  Black tiles spell out M&A against a woodgrain background

S&P Reports Re/Insurance M&A Activities Off to a "Light Start" in 2017

Recent S&P research reveals that, amid continued soft market conditions, global property and casualty re/insurers find themselves riding the merger and acquisition (M&A) rollercoaster through 2016 and into 2017. Declared M&A transaction values over the last 18 months reached $22 billion, as opposed to $80 billion for 2015.
August 04, 2017 Read More
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