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Actuarial & underwriting
As part of the national budget agreement signed into law last month, Congress has included expanded benefits and a definition change for allowable ownership of small insurance companies that qualify for the benefits of Internal Revenue Code 831(b). 18 January 2016
Actuarial & underwriting
Bermuda remains a popular destination for captive insurers with 22 new captives or limited purpose insurers registered in 2015, compared with 16 captives in 2014. 15 January 2016
Actuarial & underwriting
The Oklahoma Insurance Department (OID) saw strong growth last year in its captive insurance industry, licensing 26 new captive insurers in 2015. 14 January 2016
Actuarial & underwriting
The US state of South Carolina has announced that it has licensed 30 new captives in 2015. 13 January 2016
Actuarial & underwriting
Vermont licensed 33 new captive insurance companies in 2015, according to data released by the Vermont Department of Financial Regulation. 12 January 2016
Actuarial & underwriting
AM Best has affirmed the financial strength rating (FSA) of A- (Excellent) of Cedar Court Indemnity Company. 11 January 2016
Actuarial & underwriting
Richard Badolato, acting commissioner of the New Jersey Department of Banking and Insurance has approved a captive insurer formed by the Deborah Heart and Lung Center of Browns Mills. 8 January 2016
Actuarial & underwriting
The Hawaii Captive Insurance Council (HCIC) has announced it will hold its HCIC Education Forum 2016 between October 12-14, 2016. 7 January 2016
Actuarial & underwriting
The financial stability rating (FSR) of A, Exceptional, assigned to National Service Contract Insurance Company (NSCIC) risk retention group (RRG) has been affirmed by financial analysis firm Demotech. 7 January 2016
Actuarial & underwriting
Captives remain an effective instrument to optimise the risk management strategy of big corporations despite the challenges of Solvency II, writes Guenter Droese, chairman of the European Captive Insurance and Reinsurance Owners’ Association. 5 January 2016
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