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.
Ratings agency AM Best has affirmed the financial strength of A (Excellent) of Nuclear Electric Insurance Limited (NEIL), based in Wilmington, Delaware. The outlook remains stable.
Incorporators of captive insurer Connecticut Foundation Solutions Indemnity Company (CFSIC) have selected nine board members to help address the crumbling concrete foundations crisis affecting Connecticut homeowners.
Assurance Agency and Connecticut-based captive consulting firm Michael Maglaras have formed a programme designed to meet the insurance and risk management needs of the senior care industry.
The 2018 Guernsey Insurance Forum will take the island's captive sector "back to its roots", says event host Guernsey Finance.
Privately-owned broker and employee benefits consulting firm Holmes Murphy has acquired Minneapolis-based Cobb Strecker Dunphy & Zimmermann (CSDZ), a provider of commercial insurance, claims, surety and captive insurance services.
While the number of captives being formed in Bermuda has stagnated in recent years, levels of innovation within the sector are more than making up with this with companies using their captives to manage more complex risks in increasingly sophisticated ways.
Risk Transfer Group subsidiary Limehouse Agency has acquired Corporate Underwriting Limited (CUL), a specialist marine underwriting agency and Lloyd's coverholder.
Brian Hall, the former director and president of Johnson & Higgins, and founding president of the Bermuda Insurance Management Association (BIMA), will receive the third Fred Reiss Lifetime Achievement Award at the Bermuda Captive Conference next month.
The Connecticut General Assembly has passed a bill that would allow licensed insurance agents to establish an agency captive insurance company to insure against risks covered by the policies they sell, subject to specified conditions.