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Analysis
According to A.M. Best the outlook for member companies of BETA Healthcare Group have been revised to positive from stable. 13 June 2013
Accounting & tax analysis
Gary Osborne, president of USA Risk Group, told Captive International that he expects up to 50 percent of newly formed captives will select their home state over even the most established domiciles. 13 June 2013
Analysis
The New York Department of Financial Services has released its report into the world of ‘shadow insurance’ in which certain insurers employ shell captives to reinsurer particular risks and artificially lower their capital requirements. 13 June 2013
Analysis
The quality of a company’s supply chain is an increasingly important consideration, with two-thirds of business value now locked up in such relationships. 11 June 2013
Analysis
Politically motivated ‘potshots’ are unlikely to dissuade informed risk managers from considering their offshore options. 6 June 2013
Analysis
A.M. Best has revised the outlook of Delaware’s KnightBrook Insurance Company from negative to stable. 6 June 2013
Law & regulation
Texas governor Rick Perry has signed Senate Bill 734—which will allow pure captives to operate in the state of Texas—into law. 6 June 2013
New Captive Models
Vanliner insurance Company, notable as an insurer of the moving and storage industry, has announced the formation of its third group captive. 5 June 2013
Actuarial & underwriting
Chevron’s two captives Heddington, based in Bermuda and Iron Horse Insurance Company, based in Vermont, have received rating affirmations from AM Best as they continue to prove their value to the energy giant. 31 May 2013
Analysis
Increased political pressure could see more offshore captives head onshore in the coming months, according to Clive O’Connell, a partner at Goldberg Segalla Global. 30 May 2013
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