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Rating agency AM Best has affirmed the financial strength rating of A (Excellent) and the issuer credit rating of ‘a’ of Palms Insurance Company. 16 March 2015

Services

Stern Risk Partners to focus on US domiciles

Insurance broker and captive management firm Stern Risk Partners has been launched to focus on US domiciles. 13 March 2015

Services

CICA re-elects chair

The Captive Insurance Companies Association (CICA) has re-elected Scott Beckman as chair of the board of the directors. 13 March 2015

Services

AM Best affirms Pfizer captive ratings

Rating agency AM Best has affirmed the financial strength and the issuer credit rating of Blue Whale Re, a captive of pharmaceutical company Pfizer. 12 March 2015

Services

Aon launches White Rock USA

Aon Risk Solutions, the risk management business of Aon, has launched White Rock USA, a subsidiary of Aon-owned White Rock Group. 12 March 2015

Services

Isle of Man launches special purpose vehicle legislation

The Isle of Man Government has launched new Insurance Special Purpose Vehicle (ISPV) legislation. 12 March 2015

Accounting & tax analysis

Nevada experiences back to back years of record growth

Nevada’s captive insurance programme outperformed growth expectations by approving 26 captives in 2014 resulting in a captive premium increase of $3.8 billion. 6 March 2015

Actuarial & underwriting

Micro captives set for renewed scrutiny, ABA panel concludes

A panel of captive insurance experts gathered this week to review a number of recent actions taken by the IRS and the Senate Finance Committee with regards to micro captive insurance companies. 6 March 2015

USA analysis

CICA honours 2015 recipients of prestigious industry awards

The Captive Insurance Companies Association (CICA) will honour the 2015 recipients of the CICA Distinguished Service Award and the CICA Outstanding Captive Award at the opening session of the CICA 2015 International Conference on Monday, March 9, 2015, in Orlando, Florida. 6 March 2015

Law & regulation

North Carolina plans responsive law change

The North Carolina Department of Insurance (NCDOI) has revealed that it plans to recommend changes to captive law in the upcoming legislative session. 6 March 2015

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