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Corporate Regulation and Governance in Captives

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Delve into captive insurance governance matters including board attributes, board structure, and board accountability. With 30 years of insurance experience from the auditing, regulatory, and management side, Derick White, managing director of corporate governance and regulation for Strategic Risk Solutions, offers key insights into captive board governance.

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  Washington State 480x377

Washington State To Introduce Captive Legislation in 2020

The Washington Office of the Insurance Commissioner will introduce legislation in the 2020 session that will create a statutory framework for captive insurance companies.
September 24, 2019 Read More
  Michael Schroeder-SF

NRRA Chairman Michael Schroeder Says RRGs Are Very Good at What They Do

Michael J. Schroeder, the current chairman of the National Risk Retention Association (NRRA), has a wide range of experience with risk retention groups and risk purchasing groups. In this article, he discusses various risk retention group (RRG) issues, including the likelihood of Congress passing legislation to expand coverages that RRGs can offer.
September 23, 2019 Read More
  Handshake Doctor Businessman-SF

Risk Strategies Hires Alternative Risk Expert Brad Gabbard

Risk Strategies recently appointed healthcare industry veteran Brad W. Gabbard, CPCU, as a senior vice president of its national healthcare practice. Mr. Gabbard brings with him significant experience in developing and administering alternative risk financing vehicles.
September 23, 2019 Read More
  auto insurance-SF

Commercial Auto Insurance Underwriting Losses To Continue

US property and casualty insurers continue to face substantial underwriting losses on commercial automobile insurance, according to Fitch Ratings. The segment is poised for a ninth consecutive year of underwriting losses in 2019, with only moderate results improvement anticipated.
September 20, 2019 Read More
  Graph showing slight increase-SF

IVANS: Market Continuing To Harden

IVANS announced its August 2019 results showing an uptick in premium renewal rate change across nearly all of the commercial lines products except business owners policy, which experienced a slight negative change.
September 20, 2019 Read More
  Skip Myers SF

NRRA Karen Cutts Award Will Go to Robert "Skip" Myers

Robert "Skip" Myers, a managing partner at the law firm Morris, Manning & Martin LLP in Washington and long-time general counsel for the National Risk Retention Association (NRRA), will be honored next month in Chicago at NRRA's annual conference with the NRRA's 2019 Karen Cutts Achievement award.
September 19, 2019 Read More

Business Leaders Are Not Focused on Cyber-Risk Issues

A new Marsh report found that a majority of board members and senior executives responsible for their organizations' cyber-risk management had less than a day in the last year to spend focused on cyber-risk issues.
September 19, 2019 Read More
  Global Outlook-SF

Global Reinsurance Outlook 2020

A Standard & Poor's global reinsurance outlook for 2020 has implications for captives. We explore some of the threats to reinsurers and how captives may also face similar issues.
September 18, 2019 Read More
  Agriculture Overview

IRMI Launches "Agribusiness Risk and Insurance" ("ARI")

International Risk Management Institute, Inc. (IRMI), recently launched "Agribusiness Risk and Insurance" ("ARI"), a comprehensive online reference for risk management and insurance professionals that provides unbiased analysis of agribusiness exposures and best practices for agribusiness risk management and insurance programs.
September 18, 2019 Read More

IRS Will Mail Settlement Offers to Micro-captive Owners

The Internal Revenue Service (IRS) said Monday that it is mailing settlement offers to about 200 owners of so-called 831(b) micro-captives who participated in what the IRS calls "abusive" insurance transactions.
September 17, 2019 Read More
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