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Illinois governor Bruce Rauner has vetoed legislation that would overhaul the Illinois Insurance code and update its captive insurance law to be more attractive to companies that use captives. 28 August 2018
Analysis
BevCap Management, a provider of captive insurance, benefits consulting and risk management services, has entered into a strategic partnership with virtual physical therapy company Reflexion Health, which will provide BevCap clients with a digital platform enabling clinicians to remotely monitor patients. 28 August 2018
Actuarial & underwriting
Ratings agency AM Best has affirmed the financial strength rating of A- (Excellent) of Maxseguros EPM (Bermuda), the single-parent captive insurer wholly owned by EPM, Colombia's largest power generation and multi-utility company. 28 August 2018
Actuarial & underwriting
Ratings agency AM Best has affirmed the financial strength rating of A- (Excellent) of Builders Re and Builders Direct, both Luxembourg-based subsidiaries of German construction company HOCHTIEF, owned by Actividades de Construcción y Servicios (ACS). 28 August 2018
Analysis
Insurance intermediates do not have an equivalence framework in place to allow for business continuity after the UK leaves the European Union, wrote Roy White, chairman of the London & International Insurance Brokers’ Association (LIIBA), in a letter to UK prime minister Theresa May. 24 August 2018
Analysis
Strategic Risk Solutions (SRS) has opened a new office in the Charlotte, North Carolina area - the firm's first permanent presence in the state since it started managing captives there in 2014. 21 August 2018
Analysis
There are several key areas that captive owners and international regulators might wish to consider in the pursuit of optimising an insured’s risk finance strategy, as Stuart King of SRS Europe and Derick White of Strategic Risk Solutions explain. 20 August 2018
Analysis
The US Department of Labor’s final rules for association health plans are well intended but fall short on delivery, says Phillip Giles of QBE North America. 20 August 2018
Analysis
Three Nevada-based chambers of commerce have partnered to form an association health plan (AHP), Clark County Health Plan Association, for their members. 20 August 2018
Analysis
Legacy acquirer has appointed James Halley, who most recently served as finance director of AEGIS London, as its group chief financial officer. 20 August 2018
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