Captive owners will increasingly need to lean on advice from their service providers as they attempt to navigate an unfamiliar hardening market, according to Anne Marie Towle, global captive solutions leader at Hylant.
A bill to update the Alabama Captive Insurers Act has passed unanimously in the state’s House insurance committee in a move authorities hope will lead to growth of the captive industry in Alabama.
The State of Connecticut’s insurance department has made a number of proposals designed to make it a more desirable jurisdiction for captive insurance companies.
Delaware issued 56 captive insurance licenses in 2019, according to data released by state insurance commissioner Trinidad Navarro.
Phil Giles, the former vice president of sales and marketing for accident and health at QBE North America, has left the company to join a new venture called MSL Captive Solutions, a company owned by Strategic Risk Solutions (SRS) that specialises in underwriting and consulting services for captives writing medical stop loss coverage.
Don Yaeger will be the keynote speaker for the Captive Insurance Companies Association’s (CICA) 2020 International Conference, being held from March 8-10 in California.
ProSight Specialty Insurance is partnering up with eMaxx Assurance Group of Companies, a provider of insurance program administration, risk management and technology, to offer captive risk solutions to emergency roadside assistance providers affiliated with AAA.
Risk Strategies has acquired Weaver Brothers Insurance, a Maryland-based brokerage.
Specialty insurer ProSight Global is entering the captive insurance market in a move the company described as “a natural evolution of ProSight’s product offerings and capabilities.”