Adam Hamm, the National Association of Insurance Commissioners (NAIC) president and North Dakota insurance commissioner, has been appointed to a two-year term as the state insurance commissioner representative on the Financial Stability Oversight Council (FSOC).
The organisers of Cayman Captive Forum have said they are on track to match or even surpass the record attendance of last year’s forum.
StrucSure Risk Management Group, a provider of warranties and re/insurance products and services, has chosen Wilmington Trust as the new captive manager for its re/insurance companies, Golden Insurance Company, RRG and Four Points Re.
Experts at the North Carolina Department of Insurance (NCDOI) are expecting to licence more than 40 captives by the end of 2014.
Advantage Insurance has formed a captive in South Carolina to write life insurance.
US captive insurers rated by AM Best have continued to outperform the commercial sector in every key financial measure. This is according to the rating agency’s latest report on the captive insurance sector.
The Missouri Captive Insurance Association captive forum is set to discuss the changing tax environment for captives.
Insurer XL has bolstered its captive insurance solutions with the appointment of Matthew Latham as head of captive programmes.
Aon Risk Solutions, the global risk management business of Aon, has strengthened its US financial services group leadership team with a number of appointments.
Artex Risk Solutions, Arthur J. Gallagher’s (AJG) Bermuda-based captive management and alternative risk programmes operation, has confirmed that it is involved in the US Internal Revenue Service (IRS) investigation into the captive industry.