News

Law & regulation

Tennessee: providing certainty in uncertain times

Captive International caught up with Belinda Fortman, director of the captive insurance section at the Tennessee Department of Commerce and Insurance, to ask what is special about Tennessee, which has referred to its captive offering as “the gold standard of the south”.   15 March 2021

Actuarial & underwriting

Ryan Re names Boornazian and Issavi as new leadership team

Ryan Specialty Group (RSG) has created a new formalised leadership structure for Ryan Re Underwriting Managers (Ryan Re), an RSG subsidiary that underwrites on behalf of Nationwide.   15 March 2021

Actuarial & underwriting

AXIS and Elpha Secure unveil cyber collaboration for small businesses

AXIS Insurance is partnering with Elpha Secure, a cyber security company built for the insurance industry, to provide cyber insurance and software protection for small businesses.   15 March 2021

Accounting & tax analysis

Be patient with the IRS, urges Carr Riggs and Ingram

Captive owners should be patient in their dealings with agents from the Internal Revenue Service (IRS), according to Carr Riggs and Ingram (CRI), the accounting and advisory company.   15 March 2021

article

Pool Re appoints board members from AXA, NHBC

Pool Re, Britain’s terrorism reinsurer, has appointed two new board members.   15 March 2021

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Organisers still bullish on prospects for Western Region Captive Insurance Conference in Utah

The 2021 Western Region Captive Insurance Conference (WRCIC) is still confident of holding its multi-state in person conference in Salt Lake City, Utah, from June 14 through June 16, 2021.   12 March 2021

Actuarial & underwriting

Africa Specialty Risks hires Way to develop bespoke Africa-specific pricing models

Africa Specialty Risks (ASR), the Pan-African focused reinsurance group, has appointed Peter Way as an actuary to focus on the development of in-house pricing models.   12 March 2021

Bermuda analysis

BMA authorises a multi owner captive in February

The Bermuda Monetary Authority (BMA) licensed Great Northern Assurance, a class two, multi owner captive, in February, as one of eight new re/insurance entities authorised in the month.   12 March 2021

New Captive Models

Fast resolution explains popularity of parametric products: Stonybrook Capital

Insureds are attracted to parametric products such as insurance loss warranties (ILW) because of their simplicity and because they offer faster resolution of payments, according to Joe Scheerer, principal and chief executive officer at Stonybrook Capital.   12 March 2021

Law & regulation

Washington state establishes framework requiring captives to pay premium taxes

The Washington State government has established a framework for registering and imposing premium tax on eligible captive insurance companies.   11 March 2021

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