Articles
USA analysis
A bill to update the Alabama Captive Insurers Act has passed unanimously in the state’s House insurance committee in a move authorities hope will lead to growth of the captive industry in Alabama. 21 February 2020
USA analysis
The State of Connecticut’s insurance department has made a number of proposals designed to make it a more desirable jurisdiction for captive insurance companies. 17 February 2020
USA analysis
Vermont is in the process of updating its captive insurance regime, with a bill currently being considered by the legislature that will make a number of tweaks designed to make it easier to do business and increase transparency. David Provost and Ian Davis talked about the bill with Captive International. 13 February 2020
USA analysis
Delaware issued 56 captive insurance licenses in 2019, according to data released by state insurance commissioner Trinidad Navarro. 12 February 2020
USA analysis
Phil Giles, the former vice president of sales and marketing for accident and health at QBE North America, has left the company to join a new venture called MSL Captive Solutions, a company owned by Strategic Risk Solutions (SRS) that specialises in underwriting and consulting services for captives writing medical stop loss coverage. 10 February 2020
USA analysis
Don Yaeger will be the keynote speaker for the Captive Insurance Companies Association’s (CICA) 2020 International Conference, being held from March 8-10 in California. 6 February 2020
USA analysis
ProSight Specialty Insurance is partnering up with eMaxx Assurance Group of Companies, a provider of insurance program administration, risk management and technology, to offer captive risk solutions to emergency roadside assistance providers affiliated with AAA. 6 February 2020
USA analysis
5 February 2020
USA analysis
The Internal Revenue Service has scored some notable victories against abusive micro-captive insurance tax shelters in recent years, with settlement offers to some 200 captives last September earning it floods of cash from captives eager to end their uncertainty. For those that did not receive such a letter however, the 831(b) scandal is far from over, as Solomon Teague reports. 5 February 2020
USA analysis
Risk Strategies has acquired Weaver Brothers Insurance, a Maryland-based brokerage. 29 January 2020
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