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Law & regulation
AM Best has affirmed the A- (Excellent) rating of Prism, the captive insurer of Apogee Enterprises, which designs, engineers and manufactures window systems for commercial and security buildings. 28 October 2013
Analysis
David Sampson, president and CEO of PCIAA, opened this year’s conference with a promise to defend the property and casualty insurance industry against evolving regulatory risks. 28 October 2013
Law & regulation
The high number of US states passing captive legislation is putting a premium on experienced regulators, according to AM Best. 18 October 2013
Law & regulation
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
Analysis
Michel Barnier, the EU’s internal markets commissioner has indicated that the planned start date for Solvency II has been moved to January 1, 2016. 4 October 2013
Cayman analysis
Rob Leadbetter, chairman of the Insurance Managers Association of Cayman (IMAC), extended his thanks to UK Prime Minister. 30 September 2013
Bermuda analysis
Bermuda-based Nissan Global Reinsurance, which provides property, casualty and “extended service contract business” to the car manufacturer, has had its A- (Excellent) rating affirmed by AM Best. 25 September 2013
Analysis
Despite suggestions that the US is ramping up scrutiny of captive insurers, the industry has little to fear, with increasing regulatory oversight having been a feature of the captive landscape for some time. 25 September 2013
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