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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).   1 August 2019
University of California to launch fifth captive
Actuarial & underwriting
The University of California (UC) will launch its fifth captive, Sequoia IC, within the next 60-90 days, subject to regulatory approval.   31 July 2019
AM Best rated captive composite down but still profitable in 2018
article
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.   31 July 2019
Analysis
Delaware licensed 12 captives in the first half of 2019 through June 30, according to Steve Kinion, director of the bureau of captive and financial insurance products (BCFIP) at the Delaware Insurance Department.   30 July 2019
Analysis
Mineral Mountain Mining and Milling has changed its name to Quad M Solutions and is launching a healthcare program for the small and medium-size employer (SME) market. Its healthcare program enables customers to self-insure and replace unsustainable and fully insured major medical insurance plans, the company said.   30 July 2019
Analysis
Sompo Global Risk Solutions (SGRS) has entered into a strategic partnership with VGM Insurance and Financial Solutions (VGM) to offer its insurance products and services to golf courses and country clubs in the US.   30 July 2019
Analysis
Nexus Group, the independent specialty managing general agent (MGA), has acquired Plus Risk, a London-based financial and professional lines (finpro) MGA providing management liability and niche professional indemnity insurance.   29 July 2019
Analysis
Insurance broker and risk adviser Marsh has appointed Ian Drillot as head of its captive solutions office in Guernsey.   29 July 2019
Analysis
Jay Ritchie, executive vice president and chief operating officer of Tokio Marine HCC’s (TMHCC) stop loss group, has been promoted to president of that business.   26 July 2019
Accounting & tax analysis
Accountancy and advisory firm Carr, Riggs and Ingram (CRI) has expanded its presence in Mississippi via a merger with WM. F. Horne and Company.   25 July 2019

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