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The State of Vermont licensed 26 new captive insurance companies in 2016, eight of which were captives formed by healthcare companies, which now represents Vermont’s largest industry sector with 101 captives. 25 January 2017
Analysis
Premiums paid to Captive Alternative’s (CapAlt) captives under management rose by 40 percent in the fourth quarter of 2016. 25 January 2017
Analysis
Aon Global Risk Consulting, the risk consulting business of Aon, has introduced a cyber captive programme, which aims to assist companies in making more informed decisions around risk retention in a captive, as well as providing broad form risk transfer capacity of potentially up to $400 million. 25 January 2017
Analysis
The State of South Carolina welcomed 17 new captives in 2016, a result which the Director of Captives for South Carolina, Jay Branum, was “extremely pleased” with, despite a lower number of captives licensed compared to 2015 and 2014 figures. 24 January 2017
Analysis
BEPS is in many ways the same challenge for captives as Solvency II was for many insurers, says Mike Stalley, chief executive of FiscalReps and principal at complianceDNA. 24 January 2017
Analysis
The president of the Vermont Captive Insurance Association (VCIA), Richard Smith, has said he is more comfortable with The US Department of the Treasury’s proposed changes to the Terrorism Risk Insurance Act (TRIA). 23 January 2017
Accounting & tax analysis
The Asian captive market continued to grow at a steady pace through 2016, and the formation of captives in the region is expected to continue in 2017, according to Aon's annual Asia Market Review. 23 January 2017
Analysis
Giovanni Capriglione, a Republican member of the Texas House of Representatives, has filed a new captive bill, HB No 1187, with proposed amendments to Section 964.052(a) of the Insurance Code, pertaining to the role of captive insurance as a provider of reinsurance with relation to credit life insurance and credit disability insurance. 20 January 2017
Analysis
The National Association of Insurance Commissioners (NAIC) has appointed Oklahoma insurance commissioner John Doak as its representative to the Organisation for Economic Co-operation and Development (OECD). 20 January 2017
Analysis
StrucSure Risk Management Group (SRMG), a construction risk management company, has named Richard Poling as its new company president. 20 January 2017
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