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Actuarial & underwriting
Vermont-domiciled Agrinational Insurance Company has received an A- (Excellent) rating affirmation from AM Best as the captive maintains its strong operating performance. 8 November 2013
Accounting & tax analysis
Guernsey, which just signed its 50th Tax Information Exchange Agreement (TIEA), has been commended for its leadership by the Organisation for Economic Cooperation and Development (OECD). 6 November 2013
Cayman analysis
Law firm Carey Olsen has appointed Sophia Harrison to its Cayman team as an associate in the litigation and dispute resolution group. 5 November 2013
Executive Appointments
The newly-formed Captive Insurance Group of New Jersey (CIGNJ) will be prioritising education, networking and legislative initiatives, with the expectation being that through its efforts the state will double its captive numbers by the close of 2014. 31 October 2013
Law & regulation
AM Best has affirmed the A- (Excellent) rating of Prism, the captive insurer of Apogee Enterprises, which designs, engineers and manufactures window systems for commercial and security buildings. 28 October 2013
Analysis
David Sampson, president and CEO of PCIAA, opened this year’s conference with a promise to defend the property and casualty insurance industry against evolving regulatory risks. 28 October 2013
Bermuda analysis
Bermuda has issued 55 licenses until September this year, with nine of them being Class 1 and Class 2 captive entities. 28 October 2013
Law & regulation
New Jersey has formed a new captive insurance association, the Captive Insurance Group of New Jersey (CIGNJ), which will be led by Sheila Small. 28 October 2013
Law & regulation
William “Jay” Branum, who served most recently as managing director of Munich-American Risk Partners in London, has accepted the newly created role of director of captives. 18 October 2013
Analysis
According to industry experts the Affordable Care Act—the deeply embattled landmark legislation that began rolling out this year—could be a positive for the captive industry. 18 October 2013
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