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DC approves captive insurance act amendments

The District of Columbia has approved the enacting amendments to the Captive Insurance Company Act of 2004. 5 January 2015

Services

Zurich North America appoints group captive head

Zurich North America has appointed Terry McCafferty as head of group captives, a key strategic business unit of programmes & direct markets. 5 January 2015

Services

Grossman approved to audit captives in Utah

Accounting firm Grossman Yanak & Ford has been approved by the Utah State Insurance Commission to audit captive insurance companies domiciled in that state. 5 January 2015

Services

American Overseas hires directors for subsidiaries

American Overseas Group has appointed David Pickering and Conrad Voldstad as directors within its subsidiary Orpheus Group, increasing the size of its board from five to seven. 23 December 2014

Cayman analysis

2014 Cayman Captive Forum hosts record numbers

The 22nd annual Cayman Captive Forum welcomed a record 1,499 registrants, securing its place once again as the world’s largest captive insurance conference. 22 December 2014

Analysis

OFR deems captive reinsurance ‘risky’

The US Treasury’s Office of Financial Research (OFR) has branded captive reinsurance a “risk to financial stability”. 18 December 2014

Bermuda analysis

NAIC takes action on key insurance initiatives

The National Association of Insurance Commissioners (NAIC) has adopted both the Revised Insurance Holding Company System Regulatory Act and Actuarial Guideline 48 (AG48), while also approving seven foreign supervisory authorities as Qualified Jurisdictions. 17 December 2014

Services

Medical captives on the rise

17 December 2014

Cayman analysis

A weather eye on opportunities

17 December 2014

Services

US taxes and investment considerations

17 December 2014