The launch of the non-profit captive that will distribute remediation funds to assist homeowners with crumbling concrete foundations, Connecticut Foundation Solutions Indemnity Company (CFSIC), has been delayed.
Former Zurich Asia captives head Sean Welsch has formed a new captive management company in Singapore.
The Vermont Captive Insurance Association (VCIA) is looking to build its relationship with the Chinese insurance market and aid China’s nascent captive sector.
Risk transfer veteran Ted Blanch has introduced a new Florida-focused broker with a unique ownership model that he claims will lower costs and disrupt catastrophe reinsurance.
The University of California (UC) has received regulatory approval for the formation of a new protected cell company, Eureka Insurance Company PCC.
HyreCar, a carsharing marketplace for ridesharing, has established a joint venture that will focus on creating a captive insurance company designed specifically for carsharing in the ridesharing space.
The University of California's (UC) investment assets under management - including its captive insurers Fiat Lux and UC Health RRG - grew substantially in the fiscal year ending June 30, 2018, with the captive assets reaching almost $1 billion.
Dutch life insurance company Aegon is merging two of its legal entities - its Arizona-based variable annuity captive with Transamerica Life Insurance Company (TLIC) - which it expects to boost its US capital position by approximately $1 billion.
UK financial services company Legal & General has completed a £4.4 billion buy-in for British Airways' pension scheme, Airway Pension Scheme, marking the largest to date bulk annuity policy arranged with a UK pension scheme, which also included the conversion of existing longevity insurance into a bulk annuity.
Vermont’s recently introduced captive structures, affiliated reinsurance companies (ARCs), will likely enhance the domicile’s standing in the captive industry, according to an AM Best briefing.