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Tennessee’s total number of risk bearing entities (RBEs) reached 538 in 2016 with 104 new additions, according to the Tennessee Department of Commerce & Insurance (TDCI). 6 February 2017
Analysis
The number of licenced captives in North Carolina more than doubled and the number of cell or series approved grew by more than 50 percent, as of January 23, 2017. 6 February 2017
Analysis
AM Best has affirmed the financial strength of A (Excellent) for two captives belonging to The Bank of New York Mellon (BNY Mellon), BNY Trade and The Hamilton Insurance Corporation, based in Bermuda and New York, respectively. 6 February 2017
Analysis
Members of the Vermont Captive Insurance Association (VCIA) have testified before the Vermont House Commerce and Senate Committee on the proposed HR 85 captive bill which aims to make Vermont a more attractive domicile for captives, in particular small captives, as well as making the current law clearer. 2 February 2017
Analysis
The concept of a protected cell company (PCC), which was first introduced in Guernsey through the enactment of the Protected Cell Companies Ordinance 1997, is now 20 years old. 1 February 2017
Analysis
The Captive Insurance Companies Association (CICA) will be hosting a conference which provides various strategies on minimising business disruption with the use of captive insurance companies. 1 February 2017
Analysis
Charles Taylor, a professional services provider to the insurance market, has opened an office in Panama to market captive insurance services to businesses across Latin America. 31 January 2017
Analysis
Captives can be a more effective approach for cutting costs and financing cyber risk, as long as the captive owners themselves understand their own risk profile, according to Peter Mullen, CEO of Aon Captive and Insurance Management. 30 January 2017
Analysis
The European Union and associates countries’ total number of captives stood at 582 in January 2017, with more than a third domiciled in Luxembourg and over 100 in Ireland. 30 January 2017
Analysis
Cover & Rossiter, a Delaware-based accounting and advisory firm, has appointed Eric Williams as its latest director. 27 January 2017
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