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Law & regulation
Alabama State Senator Greg Reed and State representative David Faulkner have been honoured by the Alabama Captive Association for their work on passage of a major update to Alabama’s Captive Law. 22 September 2016
Bermuda analysis
Crosswinds Holdings has created Crosswinds Re, a new specialty Cayman reinsurance company. Crosswinds Re has been issued a license from the Cayman Islands Monetary Authority (CIMA) to operate as a Class B(iii) reinsurer. 19 September 2016
Actuarial & underwriting
Verve Risk Partners (Verve) is a new cell created on the Castel Underwriting Agencies (Castel) MGA formation platform to target US professional and management liability risks, focusing on captives and insurance companies. 19 September 2016
USA analysis
Re/insurance broker BMS Re US has acquired Texas-based Advocate Reinsurance Partners as it seeks to strengthen its commitment to the US markets. 10 September 2016
Cayman analysis
The Cayman Islands captive insurance industry will attend the 2016 Risk and Insurance Management Society (RIMS) Canada Conference which is being held in Calgary September 11 to 14. 10 September 2016
USA analysis
Atlas Insurance Management (Atlas), a Charlotte-based captive insurance management firm, has received approval from the South Carolina Department of Insurance to act as an insurance manager for captive business in the state. 9 September 2016
USA analysis
Randall & Quilter (R&Q) has reported an increase in its profits during the first half of 2016, partially due to the growth of Capstan, its Guernsey captive consolidator. 5 September 2016
USA analysis
AM Best has affirmed the financial strength rating of A+ (Superior) for the domestic life/health insurance subsidiaries of Prudential Financial (PFI). 5 September 2016
Analysis
The Vermont Captive Insurance Association (VCIA) is holding a captive insurance roadshow in Minneapolis on November 2, 2016. 2 September 2016
Analysis
USA Risk Group, which manages over 260 captives and risk retention groups, has been named as an associate member of the Worldwide Broker Network (WBN), which has 107 brokerage and employee benefits consulting member firms located internationally. 1 September 2016
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