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Actuarial & underwriting
National Surety Underwriters, previously known as Agency Bonding Captives, an underwriting agency and reinsurance captive headquartered in Philadelphia, has raised some $11.5 million in a deal that will allow it to underwrite and reinsure surety bonds through its licensed insurance carrier partner, Clear Blue Insurance Company. 13 July 2017
Analysis
Law firm Dentons has named John Huff, a former president of the National Association of Insurance Commissioners (NAIC), as a partner within its insurance regulatory practice. 3 July 2017
Accounting & tax analysis
Ministers and high-level officials from 76 countries and jurisdictions have signed a multilateral BEPS convention to close loopholes in tax treaties and reduce opportunities for tax avoidance by multinational enterprises. 8 June 2017
Law & regulation
Legal firm Drinker Biddle & Reath has announced that former chief deputy commissioner and general counsel for the California Department of Insurance John Finston has joined it as a partner at the firm’s San Francisco office. 7 June 2017
Analysis
Recent legislation passed in Vermont which allows agency captives to operate there will make the domicile even more attractive, according to AM Best. 5 June 2017
Analysis
The State of Tennessee is working to make itself a more attractive domicile to locate a captive insurance company with the introduction of new legislation. 25 May 2017
Analysis
Vermont’s governance standards should be viewed as a tool to help board members meet their fiduciary responsibilities and promote uniformity in regulation, as Sandy Bigglestone, director of captive insurance, and Christine Brown, assistant director of captive insurance at the Vermont Department of Financial Regulation, explain. 24 May 2017
Analysis
The chief executive of Guernsey Finance, Dominic Wheatley, says that Guernsey is seeing in both China and Hong Kong a growing awareness of what captives can achieve for corporations in terms of both the financing and the governance of retained risks. 19 May 2017
Analysis
The Risk & Insurance Management Society (RIMS) has written a letter to the US Department of the Treasury expressing its support for the proposed US-EU covered agreement on reinsurance. 18 May 2017
Analysis
The State of Georgia has introduced a new law which revises certain definitions in the state's captive law, eases the process for forming a captive, and allows a captive to be a limited liability company. 15 May 2017
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