Red Re, Coca-Cola’s South Carolina-domiciled captive insurer, has received approval from the US Department of Labor to expand its use to include benefits coverage.
According to a market study conducted by the Captive Insurance Companies Association, the greatest challenge in owning a captive, as reported by the survey participants, is retention/growth/expanded utilisation.
In a move that could signal the first stages of establishing itself as a captive insurance domicile, Maryland legislators have introduced a bill ordering a study of the captive insurance industry.
EIOPA has signed an operational Memorandum of Understanding with the World Bank agreeing to collaborate on the development of the global insurance sector.
Scott Kipper, insurance commissioner of Nevada, has announced an expedited approval process for single parent and 831b captive insurance companies.
Captive International spoke to Richard S. Smith, president of the Vermont Captive Insurance Association about the ongoing struggle to exclude captives from the NRRA.
The South Dakota Senate has passed a bill hoped to strengthen the state’s captive insurance industry.
SPARTA Insurance Holdings has announced Ralph Jones as the company’s new CEO and Brian First as president and chief operating officer.
Anderson Kill & Olick released a whitepaper arguing that the NRRA was probably not intended to apply to captives— but that might not matter when it comes to enforcing the legislation.
Raymond Farmer’s appointment as director of the South Carolina Department of Insurance has been confirmed by the state’s senate.