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Law & regulation
The South Dakota Senate has passed a bill hoped to strengthen the state’s captive insurance industry. 7 March 2013
Executive Appointments
SPARTA Insurance Holdings has announced Ralph Jones as the company’s new CEO and Brian First as president and chief operating officer. 5 March 2013
Law & regulation
Anderson Kill & Olick released a whitepaper arguing that the NRRA was probably not intended to apply to captives— but that might not matter when it comes to enforcing the legislation. 1 March 2013
Executive Appointments
Raymond Farmer’s appointment as director of the South Carolina Department of Insurance has been confirmed by the state’s senate. 25 February 2013
Analysis
AM Best affirmed their rating of Vermont-domiciled Gateway Rivers Insurance Company, which provides insurance coverage to subsidiaries of AT&T. 22 February 2013
Feasibility studies analysis
Lumerica Insurance Company, a subsidiary of BASF Americas Corporation, has begun operations in New Jersey where it has redomiciled from Vermont. 19 February 2013
Law & regulation
Law firm, Anderson Kill & Olick, known primarily for representing policyholders in insurance coverage disputes, has announced that it will open a new office in Burlington, Vermont to better service the captive insurance industry. 18 February 2013
Law & regulation
The Self-Insurance Institute of America announced that a Self-Insurance Defence League (SIDL) has been formed to coordinate lobbying, litigation and media relations activities of leading national trade associations. 14 February 2013
Asset management analysis
According to a special report issued this week by AM Best, captives survived the economic collapse but
Solvency II’s implementation presents considerable problems for the industry. 14 February 2013
USA analysis
The Connecticut Captive Insurance Association (CCIA) has welcomed a number of new members to the association. 7 February 2013
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