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Analysis

‘Lazy grammar’ puts captives under unnecessary attack

Writing in our US Captive title, Dennis Harwick, president of CICA, argues that a recent New York regulatory report attacking offshore captives is a ‘political document’ that fails to differentiate true captives from so-called ‘shadow insurance’. 5 July 2013

Analysis

Lund appointed to lead BBDC in Bermuda

The Bermuda Business Development Corporation, formed through a merger of Business Bermuda and the Insurance Development Council, has named Stephen Lund as its new CEO. 3 July 2013

Actuarial & underwriting

R&Q acquires MPPA Insurance in first Bermuda transaction

R&Q has acquired MPPA Insurance, a Class 2 Bermudian captive already in run-off, for $3.4 million in its first Bermuda transaction. 2 July 2013

Analysis

Middle market stigma is diminishing – Artex

The stigma against middle market captives is diminishing in the industry but has far from vanished, believes Jeremy Huish, business director at Artex Risk Solutions. 27 June 2013

Analysis

CICA thanks NAIC for support in shadow insurance showdown

The Captive Insurance Companies Association (CICA) sent a letter to the National Association of Insurance Commissioners (NAIC) to thank president Jim Donelon for his support of the industry. 26 June 2013

Analysis

R&Q completes first Bermuda captive transaction

Randall & Quilter (R&Q) announced this week that it has successfully reached an agreement to receive by way of novation all contracts underwritten by MPPA Insurance. 25 June 2013

Law & regulation

Vermont tweaks captive legislation

The state of Vermont has announced a series of changes to the state's captive legislation. 24 June 2013

Law & regulation

North Carolina captive bill signed into law

HB 473, the North Carolina Captive Insurance Act, has been signed into law by Governor Pat McGrory. 21 June 2013

Executive Appointments

Kenneson joins Strategic Risk Solutions

Jeff Kenneson has joined the firm as senior vice president— client development. 20 June 2013

Analysis

Texas announces Captive Association formation

Captive International spoke to founding member and 20-year captive veteran Michael Mead about the newest captive domicile in the Union. 20 June 2013

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