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The president of the National Association of Insurance Commissioners (NAIC), Ted Nickel, has voiced his disappointment about the lack of involvement of state regulators in the negotiations of the covered agreement between the US Treasury and the European Union (EU) now that the negotiations have concluded. 16 January 2017
Analysis
The Protecting Americans from Tax Hikes (PATH) Act, which came into effect on January 1, 2017, has the potential to shake up the small captives 831(b) sector, as it tries to adapt to the new legislation, according to senior executives interviewed by Captive International. 16 January 2017
Analysis
The United States Managing General Underwriters (US MGU), a national firm specialising in the management of captive insurers, has selected Gilsbar to administer its level-funded health plan option for small employers. 12 January 2017
Analysis
Randall & Quilter Investment Holdings (R&Q) has completed its novation of liabilities from PacWest Captive Insurance Company, an Arizona domiciled entity. 11 January 2017
Analysis
The Base Erosion and Profit Shifting (BEPS) action plan launched by The Organisation for Economic Co-operation and Development (OECD) could bring further scrutiny to companies using captives, according to a number of senior executives interviewed by Captive International for their views on what the biggest issues of 2017 will be. 9 January 2017
Analysis
Atlas Insurance Management has been granted approval from the Oklahoma Department of Insurance to act as a manager for captive insurance business within the state. 5 January 2017
Analysis
Capstone Associated Services, a provider of captive insurance management and alternative risk planning services, has appointed Steven Lonergan as director of business development for the Midwest. 5 January 2017
Regional titles
RIMS, a society for risk managers based in the US, has appointed Nowell Seaman as president for the 2017 term, and welcomed two new board members, Ellen Dunkin and Soubhagya Parija. 4 January 2017
Analysis
Throughout 2016, regulation has been the centre of change for the captives industry. Captive International investigates how this year’s changes will affect the industry in 2017. 3 January 2017
USA analysis
AM Best has downgraded the financial strength rating of Security America Risk Retention Group (SARRG), a risk retention group formed by the Electronic Security Association, to B+ from B++. The outlook of the ratings has also been revised to negative from stable. 20 December 2016
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