According to a special report issued this week by AM Best, captives survived the economic collapse but Solvency II’s implementation presents considerable problems for the industry.
CS STARS, a business unit of Marsh, has announced the appointment of Robert Bentley as president and CEO.
The Connecticut Captive Insurance Association (CCIA) has welcomed a number of new members to the association.
The Delaware Department of Insurance reports a strong showing in 2012, the best year for captive growth since the state adopted captive law in 1988.
Speaking at Dakota’s recent State of the State address, Dakota Dunes Senator, Dan Lederman said that active steps were being taken by the state to make its captive sector more competitive.
The Montana Captive Insurance Association has indicated that Montana licensed 34 new captives in 2012, a 25 percent increase on 2011 numbers. 2012 additions bring the number of Montana captives to 114.
Speaking on the occasion of the Vermont Captive Insurance Division Day, Vermont governor, Peter Shumlin indicated that 32 new captive licenses had been issued in 2012.
In its latest Biennial Report to the 83rd Legislature, submitted at the end of 2012, the Texas Department of Insurance (TDI) took issue with Texas law, which does not permit the establishment of captives.
The outgoing chairman of the Subcommittee on Insurance speaks out over captive treatment under Dodd-Frank.
We spoke with USA Risk a time ago about the implications of the US’s Dodd-Frank Act for the captive sector in the US.