Entering the Latin American market requires close attention to the particular nuances of the region says Simon Owen, principal of Folio Insurance Management and Hyperion Risk Solutions.
Speaking at Dakota’s recent State of the State address, Dakota Dunes Senator, Dan Lederman said that active steps were being taken by the state to make its captive sector more competitive.
The Montana Captive Insurance Association has indicated that Montana licensed 34 new captives in 2012, a 25 percent increase on 2011 numbers. 2012 additions bring the number of Montana captives to 114.
The Crusader International Group of Companies and its US affiliate, Lionheart Insurance Group announced on Monday that they would rebrand the combined entity under the Advantage Group of Companies brand.
Speaking on the occasion of the Vermont Captive Insurance Division Day, Vermont governor, Peter Shumlin indicated that 32 new captive licenses had been issued in 2012.
Richard Corrigan, formerly director for Barclays Wealth in Jersey, has been appointed global head of business development for Jersey Finance.
The Gibraltar government has announced the appointment of a new business development lead for insurance and one for private client sector growth within the Gibraltar Finance Centre.
Guernsey achieved considerable success in the captive sphere in 2012, and the jurisdiction is preparing for another fruitful year in 2013.
In its latest Biennial Report to the 83rd Legislature, submitted at the end of 2012, the Texas Department of Insurance (TDI) took issue with Texas law, which does not permit the establishment of captives.
The outgoing chairman of the Subcommittee on Insurance speaks out over captive treatment under Dodd-Frank.