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North Carolina presents a captives bill to encourage local businesses to bring their captives home
A new captive insurance bill has been presented to the Senate in North Carolina.
VCIA’s Smith hits out at Washington State’s poorly drafted captives bill
Rich Smith, president of the Vermont Captive Insurance Association (VCIA), has hit out at Washington State over its “poorly drafted” captives bill that will impose new costs on captives that insure risks in that state.
Tennessee licenses 18 new captives in 2020
Tennessee saw 18 new captive insurance company formations in 2020 as well as 41 new cells, according to the Tennessee Captive Insurance Association (TCIA).
Valenz unveils CaptiV, "the next generation of MSL group captives”
Valenz has launched CaptiV, a medical stop loss (MSL) group captive programme for self insured employers with fewer than 1,000 employees, in partnership with MSL Captive Solutions.
Delaware licenses 70 new captives in 2020
The Delaware Department of Insurance (DDI) licensed 70 new captives in 2020, including 67 conditional licenses, contributing $1 million to the City of Wilmington and $2.9 million to the State of Delaware General Fund in Fiscal Year 2020.
North Carolina licenses 47 new captives in 2020
North Carolina licensed 47 new captive insurance companies in 2020, and approved 126 cells and series.
Vermont licenses 38 new captives in 2020
The State of Vermont licensed 38 new captive insurance companies in 2020, according to the Vermont Department of Economic Development, with 11 of those licenses issued in Q4 alone.
TowerBrook and Further Global agree to acquire ProSight Global
TowerBrook Capital Partners and Further Global Capital Management have agreed to acquire ProSight Global, the specialty and captive insurance company, in an all-cash transaction valued at approximately $586 million.
Hawaii licenses 21 new captives in 2020
Hawaii licensed 21 new captives in 2020, including nine in the fourth quarter, according to Hawaii’s Department of Commerce and Consumer Affairs.
Davies Group acquires Northshore International Insurance Services
Davies Group has acquired Northshore International Insurance Services, a provider of audit, claims management and subrogation management and consulting services to the global insurance market.
