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USA analysis
Captive Alternatives (CapAlt), an insurance consultancy, has introduced a new merchant services unit that allows membership associations to provide a fee-based merchant services programme to members and eliminate typical merchant services commissions. 14 December 2016
USA analysis
Former Pennsylvania insurance commissioner Michael Consedine has been appointed as the new CEO of the National Association of Insurance Commissioners (NAIC), effective early 2017. 13 December 2016
Actuarial & underwriting
AM Best has assigned a financial strength rating of A- (Excellent) and a long-term issuer credit rating of “a-” to Nova Casiopea Re (NCRe) based in Luxembourg. The outlook assigned to these credit ratings (ratings) is stable. 12 December 2016
Accounting & tax analysis
Nevada is pushing itself forwards as a leading captive domicile in the US, according to Robert Gallegos, captive program officer for Nevada’s Division of Insurance. 9 December 2016
Cayman analysis
Despite growing concerns about the challenges facing captives domiciled in the Cayman Islands, Conor Jennings, managing director of Captiva Managers, tells Captive International that the overall picture is positive. 8 December 2016
USA analysis
Captive Resources (CRI) has purchased a new property in Itasca, Illinois and will relocate its world headquarters to there from Schaumburg, in the same State. 7 December 2016
Accounting & tax analysis
Captive Alternatives (CapAlt), the insurance consultancy that produced the Protected Captive business model, has introduced a new business entity: CapSure Accounting, that will provide captive accounting services to captive managers. 7 December 2016
USA analysis
Micro-captives face many of the same issues and exposures as SMEs when it comes to cyber risk, whether it’s protecting personal information, confidential corporate records or even their ability to operate, according to Lori Bailey, global head of specialty lines at Zurich. 2 December 2016
USA analysis
MagMutual Insurance Company, a medical professional liability mutual insurer, has acquired captive manager, Tift Area Captive Insurance Company. 2 December 2016
USA analysis
Arsenal Insurance Management (Arsenal) has completed its acquisition of Jade Risk, a Texas-based captive manager with clients in the US and off-shore domiciles. 2 December 2016
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