News

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Maple Capital Management strengthens its portfolio management team

Maple Capital Management has appointed Connor Duffy to its portfolio management team.   2 August 2019

Accounting & tax analysis

The changing shape of captives

Fewer captives are being formed but they are more sophisticated and being created for the right reasons. Add to this a greater emphasis on risk management and talent and the industry looks in good health for the long term, says Daniel Towle of the Captive Insurance Companies Association.   2 August 2019

article

SOBC DARAG opens office in Bermuda

SOBC DARAG has opened an office in Bermuda, in a significant expansion of its US and Bermudian operations.   1 August 2019

article

Tax collectors will continue to eye captives, experts tell AM Best

Regulators should check risk retention groups (RRG) have a long term view of the risks of their members, and the ability to serve them long term, before allowing them to launch, according to Pamela Davis, president and CEO of the Nonprofits Insurance Alliance (NIA).   1 August 2019

Actuarial & underwriting

University of California to launch fifth captive

The University of California (UC) will launch its fifth captive, Sequoia IC, within the next 60-90 days, subject to regulatory approval.   31 July 2019

article

AM Best rated captive composite down but still profitable in 2018

AM Best’s rated captive composite reported a pretax profit of approximately $1.1 billion in 2018, down 16 percent from the $1.3 billion reported in 2017, but still profitable.   31 July 2019

Analysis

Captives flock to Delaware in H1 2019

Delaware licensed 12 captives in the first half of 2019 through June 30, according to Steve Kinion, director of the bureau of captive and financial insurance products (BCFIP) at the Delaware Insurance Department.   30 July 2019

Analysis

Quad M Solutions vows to disrupt health insurance market

Mineral Mountain Mining and Milling has changed its name to Quad M Solutions and is launching a healthcare program for the small and medium-size employer (SME) market. Its healthcare program enables customers to self-insure and replace unsustainable and fully insured major medical insurance plans, the company said.   30 July 2019

Analysis

Captive teams up with Sompo to expand insurance coverage for golf courses

Sompo Global Risk Solutions (SGRS) has entered into a strategic partnership with VGM Insurance and Financial Solutions (VGM) to offer its insurance products and services to golf courses and country clubs in the US.   30 July 2019

Analysis

Nexus acquires specialist finpro MGA Plus Risk

Nexus Group, the independent specialty managing general agent (MGA), has acquired Plus Risk, a London-based financial and professional lines (finpro) MGA providing management liability and niche professional indemnity insurance.   29 July 2019

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