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The president of the Vermont Captive Insurance Association (VCIA), Richard Smith, has said he is more comfortable with The US Department of the Treasury’s proposed changes to the Terrorism Risk Insurance Act (TRIA). 23 January 2017
Accounting & tax analysis
The Asian captive market continued to grow at a steady pace through 2016, and the formation of captives in the region is expected to continue in 2017, according to Aon's annual Asia Market Review. 23 January 2017
Analysis
Giovanni Capriglione, a Republican member of the Texas House of Representatives, has filed a new captive bill, HB No 1187, with proposed amendments to Section 964.052(a) of the Insurance Code, pertaining to the role of captive insurance as a provider of reinsurance with relation to credit life insurance and credit disability insurance. 20 January 2017
Analysis
The National Association of Insurance Commissioners (NAIC) has appointed Oklahoma insurance commissioner John Doak as its representative to the Organisation for Economic Co-operation and Development (OECD). 20 January 2017
Analysis
StrucSure Risk Management Group (SRMG), a construction risk management company, has named Richard Poling as its new company president. 20 January 2017
Analysis
The political and socioeconomic changes in 2016, such as the election of Donald Trump as president of the US, could bring significant changes to the captive sector, according to two senior executives interviewed by Captive International. 20 January 2017
Analysis
Kroll Bond Rating Agency (KBRA) has appointed Tina Bukow as senior director of business development for its insurance ratings initiative. 19 January 2017
Analysis
The Utah Captive Insurance Division saw more than 68 new captive companies formed in 2016, bringing the total to 462, or a 17.3 percent increase from 2015. 18 January 2017
Analysis
SOBC Sandell, a company that specialises in the acquisition and management of distressed re/insurance entities, has completed its acquisition of PIA Captive, a Montana Company. 17 January 2017
Analysis
The president of the National Association of Insurance Commissioners (NAIC), Ted Nickel, has voiced his disappointment about the lack of involvement of state regulators in the negotiations of the covered agreement between the US Treasury and the European Union (EU) now that the negotiations have concluded. 16 January 2017
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