News
Actuarial & underwriting
Captives are a compelling proposition for middle market companies in the US. Stewart Feldman spells out the benefits of taking charge of your own risk management. 5 August 2014
Actuarial & underwriting
Specialty insurers operating in the energy sector have consistently produced positive operating results over the most recent five years (2009-2013), as measured by pre-tax operating returns. 1 August 2014
Law & regulation
Fitch has stated that subjecting captives to full NAIC accreditation standards “could materially increase costs” and might lead to the disclosure of information sensitive to the parent’s competitive position. 1 August 2014
USA analysis
A.M. Best has downgraded the financial strength rating of Preferred Contractors Insurance Company Risk Retention Group (PCIC) from B+ (Good) to B (Fair) and the issuer credit rating from "bbb-" to "bb". 29 July 2014
Law & regulation
New legislature in Alabama is to bring risk retention groups established in the state up to speed with guidance set by the NAIC, subjecting them to more intense scrutiny. 24 July 2014
USA analysis
Sanford Saito has been appointed deputy commissioner and captive insurance administrator for the Department of Commerce and Consumer Affairs (DCCA) Insurance Division in Hawaii. 22 July 2014
USA analysis
Arthur J. Gallagher & Co. has announced the acquisition of Foundation Strategies, Inc. in Katy, Texas; the terms of the transaction have not yet been disclosed. 21 July 2014
USA analysis
The Montana Captive Insurance Association (MCIA) has published its annual report, which has found that there are now 150 captives licensed in the domicile after 47 were established in 2013. 14 July 2014
Actuarial & underwriting
USA Risk has opened an office in Nashville, Tennessee to service the local captive market. 10 July 2014
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