Earlier this year, proposed association health plan (AHP) regulations issued by the US Department of Labor (DOL) had presented affordable healthcare plans for groupings of smaller employers - and in turn opportunities for captives - but the more recent final rules have left a lack of regulatory uniformity from one state to another.
Brown & Brown, parent company of Beecher Carlson and provider of insurance, risk management and other services, has acquired all of the assets of Coffman Standridge CSI Insurance, an Arkansas-based provider of property and casualty insurance products.
Ratings agency AM Best has revised the outlook from stable to positive for the long-term issuer credit rating (ICR) of National Independent Truckers Insurance Company (NITIC), a risk retention group (RRG).
Formation levels of captives are now almost unaffected by whether rates in the wider re/insurance markets are hard or soft, a panel of experts agreed at the annual Bermuda Captive Conference, which is taking place at the Fairmont Southampton Hotel on Bermuda this week.
Captive insurance is rapidly growing in popularity among risk managers seeking alternative ways to finance emerging risks, according to Marsh’s 2018 Captive Landscape Report.
CCP TopCo, the holding company of Lloyd's re/insurance broker RFIB Group, is rebranding as Risk Transfer Group (RTG), and will be creating a UK captive management business later in 2018 to support its growth plans.
Ratings agency AM Best has affirmed the financial strength rating of A- (Excellent) of J.Malucelli Re and J.Malucelli Seg, collectively referred to as J.Malucelli. The outlook is stable.
Ratings agency AM Best has affirmed the financial strength rating of A (Excellent) or National Grid Insurance Company (Isle of Man) (NGICL), a captive insurer of British multinational electricity and gas utility company National Grid.
Against a backdrop of experiencing low rates for a long period of time, the aviation market is well suited for alternative risk transfer solutions such as captive insurance.
More organisations looking to cost-effectively manage their net retained terrorism risk are using captive insurers to access the Terrorism Risk Insurance Program Reauthorisation Act of 2015 (TRIPRA), according to Marsh's 2018 Terrorism Risk Insurance Report.