ProAssurance Corporation, the specialty insurer which runs a captive insurance solution called Inova, has acquired NORCAL Mutual, following overwhelming approval from NORCAL’s members.
The Vermont Captive Insurance Association (VCIA) Conference has picked a new virtual conference platform, Matrix BeSpeake Virtual Meeting Platform, to host its annual event in August, which will be held virtually again in 2021.
Captive International is now taking nominations for its second US Captive Awards.
A new captive insurance bill has been presented to the Senate in North Carolina.
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 saw 18 new captive insurance company formations in 2020 as well as 41 new cells, according to the Tennessee Captive Insurance Association (TCIA).
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.
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 licensed 47 new captive insurance companies in 2020, and approved 126 cells and series.
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.