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William “Jay” Branum, who served most recently as managing director of Munich-American Risk Partners in London, has accepted the newly created role of director of captives. 18 October 2013
Analysis
According to industry experts the Affordable Care Act—the deeply embattled landmark legislation that began rolling out this year—could be a positive for the captive industry. 18 October 2013
Analysis
In a new report Fitch Ratings calls for greater public disclosure on captive arrangements and reserve financings in general. Dennis Harwick comments. 18 October 2013
article
Geographic considerations and the search for a quality and committed captive domicile have helped Connecticut attract the state’s third captive, Red Apple. 14 October 2013
article
According to Richard Smith of the Vermont Captive Insurance Association, the state’s unwavering support of the captive insurance industry is a major force behind the domicile’s success. 11 October 2013
article
The Red Apple Group, which operates Gristedes Foods and Red Apple gas stations, has formed the Red Apple Risk Insurance Company in Hartford. 10 October 2013
article
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”. 10 October 2013
Analysis
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. 9 October 2013
Accounting & tax analysis
The captive industry has gained a new entrant, Alterra Risk Management, which extends simplified captive insurance solutions to small and mid-sized US firms. 9 October 2013
Analysis
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. 7 October 2013
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