Applied Filters
Ford motor captive gets Excellent rating
Ratings agency AM Best has affirmed the financial strength rating of A (Excellent) of The American Road Insurance Company (TARIC), the Michigan-based single-parent captive insurer owned by Ford Credit, a subsidiary of Ford Motor Company.
Marsh to acquire JLT Group for $6.4bn
Marsh & McLennan Companies (MMC) has agreed to acquire JLT Group for $6.4 billion, expected to close in Spring 2019.
HIIG partners with MGA to provide captive solution for energy clients
Texas-based insurance holding company Houston International Insurance Group (HIIG) is set to enter into a partnership with Massachusetts-based managing general agency Energi Insurance Services, to provide a captive insurance solution for energy clients.
AM Best gives Excellent rating to Colombia energy captive
Ratings agency AM Best has affirmed the financial strength rating of A- (Excellent) of Maxseguros EPM (Bermuda), the single-parent captive insurer wholly owned by EPM, Colombia's largest power generation and multi-utility company.
German construction captives get Excellent ratings
Ratings agency AM Best has affirmed the financial strength rating of A- (Excellent) of Builders Re and Builders Direct, both Luxembourg-based subsidiaries of German construction company HOCHTIEF, owned by Actividades de Construcción y Servicios (ACS).
Hub International introduces cannabis insurance solutions for US and Canada
Insurance brokerage Hub International has introduced cannabis insurance and risk services, an offering under its agribusiness and farm specialty practice, to provide medical and recreational cannabis producers, distributors and retailers protection and solutions to reduce risks within their operations.
Captives must be wary of inconsistent nat cat models
Natural catastrophes are not predictable, so a cookie cutter programme or off the shelf cat model are bad ideas for captives. Instead, risks should be underwritten with some level of bias towards the parent organisation taking into accounts its deep understanding of the risks.
Captives should not panic near end of cycle but might consider ‘removing some chips from the table’
As the US economy potentially reaches the end of a cycle and interest rates start to rise, captive owners should not panic – but they might consider “taking a few chips off the table”.
AHP final rules well intended but fall short on delivery
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.
Beecher Carlson parent Brown & Brown acquires CSI Insurance
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.
