News
Feasibility studies analysis
The Texas Department of Insurance has welcomed one new captive and two redomesticated captives to the state as Texas opens its doors to the captive concept. 11 April 2014
Analysis
Delaware’s Captive Insurance Association has voiced its opposition to the NAIC’s Rector Proposal, which intends to limit the flexibility of assets used to support insurance reserves and may impact the value proposition of life reinsurance captives. 31 March 2014
Feasibility studies analysis
US convenience store, The Pantry, has formed a pure captive in North Carolina, the state’s first new entrant for 2014. 21 March 2014
Actuarial & underwriting
Vermont has further strengthened its proposition as the US’s leading captive domicile passing the Legacy Insurance Management Act, which will enable to creation of specialist insurance company that will acquire state run-off business. 13 March 2014
Executive Appointments
David Snowball has been appointed as the new captive director at the Utah Insurance Department. He will replace Ross Elliott, who retires at the end of March. 10 March 2014
Feasibility studies analysis
Nevada is now home to 150 active captives, the largest number in its history, after the state approved 30 new captives in 2013. 10 March 2014
Analysis
The Captive Insurance Companies Association 2014 International Conference—which kicks off in Scottsdale, Arizona, on Sunday—will boast more than 560 attendees and a sold out exhibit hall. 7 March 2014
Executive Appointments
Mike Lusk, vice president, insurance and risk management, at the Archers Daniels Midland Company, has been given the CICA 2014 Distinguished Service Award. 3 March 2014
Analysis
Gateway Rivers Insurance Company, the Vermont-domiciled captive of AT&T, has been given solid ratings by AM Best on the back of its strong capitalisation and corporate strategy. 19 February 2014
Analysis
The Missouri Department of Insurance licensed seven new captives in 2013, demonstrating its continued strength as a domicile in a year that saw one of its ranks win big at the World Captive Forum. 17 February 2014
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