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US captives outperform commercial market counterparts for profitability: AM Best
US captives rated by AM Best continued their run of strong financial results in 2019, according to AM Best’s Market Segment Report, titled Commercial Market Dislocation Could Provide New Opportunities for Captives to Fill the Void.
Crum & Forster partners with insurtech to offer short term health cover
The North River Insurance Company, a subsidiary of Crum and Forster, has partnered with Pivot Health to provide group short-term health insurance plans.
Abry Partners takes a majority stake in HealthEZ
Abry Partners, a private equity company, has taken a majority stake in HealthEZ, an independent third-party administrator (TPA) of self-funded medical plans that focuses on small and mid-sized businesses.
NCCIA cancels its 2020 Annual Conference
The North Carolina Captive Insurance Association (NCCIA) has cancelled its 2020 Annual Conference, which had already been rescheduled due to the COVID-19 pandemic.
SCCIA cancels 2020 Annual Executive Educational Conference
The South Carolina Captive Insurance Association (SCCIA) has cancelled its 2020 Annual Executive Educational Conference, which was scheduled for September 15-17 in Charleston, South Carolina.
Vermont governor signs new captive legislation focused on protected cells
Vermont Governor Phil Scott has signed new legislation that strengthens the state's captive insurance laws.
CFSIC completes its 150th foundation replacement
The Connecticut Foundation Solutions Indemnity Company (CFSIC) has completed 150 foundation replacements since its launch on January 10, 2019.
R&Q enters loss portfolio transfer agreement with Repwest
Randall & Quilter Investment Holdings has entered into a loss portfolio transfer reinsurance contract and a transfer agreement with Repwest Insurance.
Insurers could walk away from business interruption if forced to pay COVID claims
Commercial insurers could cease writing business interruption coverage altogether if legislators force them to pay out on COVID-19 claims that were clearly excluded from policies, according to John Dohn, national sales manager at Management Services International (MSI).
CICA to host webinar to announce essay contest winner
The Captive Insurance Companies Association (CICA) will host a webinar on April 21 to present the winner of its student essay contest.
