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Law & regulation
Hanover Stone Partners, a risk management consulting firm, has appointed Ted Dann and Paul Petrylak as national practice leaders and senior risk advisors. 30 November 2016
Cayman analysis
The Cayman Captive Forum, hosted by the Insurance Managers Association of Cayman (IMAC), is expected to attract over 1,400 delegates registered for the event. 29 November 2016
Law & regulation
AM Best has revised the outlooks of the HAI Group members to negative from stable and affirmed the Financial Strength Rating (FSR) of A (Excellent). 28 November 2016
USA analysis
Randall and Quilter Investment Holdings (R&Q) has completed its novation of liabilities from Maryland Motor Truck Association Workers’ Compensation Self Insurance Group (MMTA WCSIG), a captive insurer, to its US admitted insurer Accredited Surety and Casualty (Accredited). 28 November 2016
Law & regulation
The nature and degree of risk captives may face depends on cyber risk exposures that the captives’ underlying owner or sponsor has and what coverage is written by the captive, according to James Auden, managing director of property/casualty insurance at Fitch Ratings. 28 November 2016
Actuarial & underwriting
Command, Artex Risk Solutions' new group captive, will offer its members better ability to improve their control of insurance cost through a captive, Amanda Klimaski, captive director at Artex told Captive International in an exclusive interview. 28 November 2016
Analysis
Ratings agency AM Best has assigned Sigurd Rück, the captive reinsurer for Italian multinational group Saipem, a financial strength rating of A- (Excellent). 25 November 2016
Law & regulation
Taxpayers associated with captive insurers that claim the benefit of Section 831(b), which allows non-life insurers with less than $1.2 million in written premiums ($2.2 million in 2017) to elect to be taxed only on their taxable investment income, should consider whether the Internal Revenue Service (IRS) notice also applies to them, according to a PwC report. 21 November 2016
USA analysis
The State of New Jersey’s Department of Banking and Insurance has set up an onshore captive insurance company to insure underground storage tanks in New Jersey. 21 November 2016
Asset management analysis
Captive Alternatives (CapAlt), an insurance and captives consultancy, has entered into an agreement with MediGroup Physician Services that will see the latter sponsor services from CapAlt to its members for establishment and administration of captive insurance companies. 18 November 2016
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