CHSI Technologies believes its Captive Manager tool for its cloud-based platform, Connections, will be a real game-changer for its captive clients.
The 2019 Vermont Captive Insurance Association (VCIA) Conference consistently draws between 1000 and 1100 attendees, making it the largest US captive event. This year is likely to be no different, with a little over 1000 attendees expected to be in Burlington.
David Provost, the deputy commissioner for captives in the State of Vermont, estimates that this is his 25th VCIA conference. His first was in 1986, but he was not such a regular fixture in his first few years, attending only sporadically over the next decade or so. But since the turn of the century he has not missed a year.
Speakers at the inaugural Captive Immersion session on the eve of the VCIA Conference were unanimous in praising Vermont as the leading onshore captives domicile, with most citing its consistency, or predictability, as a key component of its appeal.
Artex has launched a new group captive program, designed specifically for construction companies within the US.
Maple Capital Management has appointed Connor Duffy to its portfolio management team.
SOBC DARAG has opened an office in Bermuda, in a significant expansion of its US and Bermudian operations.
Regulators should check risk retention groups (RRG) have a long term view of the risks of their members, and the ability to serve them long term, before allowing them to launch, according to Pamela Davis, president and CEO of the Nonprofits Insurance Alliance (NIA).
The University of California (UC) will launch its fifth captive, Sequoia IC, within the next 60-90 days, subject to regulatory approval.
AM Best’s rated captive composite reported a pretax profit of approximately $1.1 billion in 2018, down 16 percent from the $1.3 billion reported in 2017, but still profitable.