As expected, Sanford Saito has been appointed interim Hawaii captive insurance administrator following the resignation of George Sumner. 2 September 2013
The United Kingdom’s Financial Stability Board (FSB) issued a peer report indicating that the US could improve insurance supervision in a number of areas. 2 September 2013
Only 12 captives have redomesticated from Bermuda over the past three years, with none having moved this year, according to figures from the BMA. 23 August 2013
A recent report by AM Best has found that in spite of US captive insurers having faced significant losses in 2012, the captive industry continues to outperform the US commercial casualty market. 21 August 2013
Ross Elliott, Utah’s captive director, told A.M. Best that the middle market’s demand for captives is such that the State alone could not satisfy its needs. 19 August 2013
