The captive benefit at a fraction of the investment
Alterra Risk Management has launched an offering to the US market that delivers “all the benefits of the captive concept, but in a more cost-efficient manner for clients”.
Alterra Risk Management launches captive solutions
The captive industry has gained a new entrant, Alterra Risk Management, which extends simplified captive insurance solutions to small and mid-sized US firms.
The spike in US domiciles is ‘not sustainable’
The number of US domiciles with captive legislation has reached a level that is “not sustainable”. Domiciles need to reach a critical mass if they are to create a sustainable and capable regulatory environment.
Merger seeks to drive down rising Obamacare costs
Group Management Services has merged with three third party administrators—Ogden Benefits Administration, Employee Benefits Concepts and Variable Protection Administrators—as the combined entity looks to drive down client medical costs associated with Obamacare.
Final date for Solvency II reached
Michel Barnier, the EU’s internal markets commissioner has indicated that the planned start date for Solvency II has been moved to January 1, 2016.
IMAC applauds Cameron’s dismissal of tax accusations
Rob Leadbetter, chairman of the Insurance Managers Association of Cayman (IMAC), extended his thanks to UK Prime Minister.
Aon Risk Solutions releases cyber diagnostic tool
The program is expected to be rolled out globally over the coming months.
Nissan captive continues track record of success
Bermuda-based Nissan Global Reinsurance, which provides property, casualty and “extended service contract business” to the car manufacturer, has had its A- (Excellent) rating affirmed by AM Best.
Bird: increased scrutiny holds no fear
Despite suggestions that the US is ramping up scrutiny of captive insurers, the industry has little to fear, with increasing regulatory oversight having been a feature of the captive landscape for some time.
RRG put into liquidation
The action could impact more than a quarter of a million medallion taxis in Philadelphia, the rating agency said.