News
Actuarial & underwriting
A global authority on captives and, specifically, protected cell companies (PCC), has unearthed a previously relatively unknown court ruling that might help add to the industry’s understanding of how PCCs operate and their status in the courts. 27 January 2016
Actuarial & underwriting
Allen Kerr, Arkansas insurance commissioner, has approved the creation of the State’s first special purpose captive insurance company, Diamond Risk Insurance, a wholly‐owned subsidiary of Baptist Health. 27 January 2016
Accounting & tax analysis
The curator of African Bank has announced that the African Insurance Group (InsureCo), the company which will hold all insurance interests as part of the GoodBank Group under the Good Bank restructuring proposal, has concluded an agreement with Guardrisk Life in respect of a captive cell within that company. 26 January 2016
Actuarial & underwriting
Tokio Solution Management, a subsidiary of Tokio Millennium Re, has named Butch Agnew as vice president (VP), insurance-liked securities (ILS) portfolio management. 25 January 2016
article
Everest Re, the Bermuda-based holding company, has named Charles Higham as vice president and leader of the Financial Institutions Group at Everest Specialty Underwriters, a division of Everest Insurance. 22 January 2016
Actuarial & underwriting
The Bermuda Business Development Agency (BDA) has announced it is holding a CFO Forum 2016 on Bermuda Captive Insurance in March. 21 January 2016
Cayman analysis
The Cayman Islands captive insurance industry stayed stable throughout 2015 with 22 new licences being recorded, according to the Insurance Managers Association of Cayman (IMAC). 20 January 2016
Actuarial & underwriting
The Texas Captive Insurance Association has announced it will be holding its third Annual TxCIA Conference on April 19-20, 2016. 19 January 2016
Actuarial & underwriting
The captive insurance associations of Arizona, Utah and Missouri will combine their resources to hold a captive conference in May. 18 January 2016
Actuarial & underwriting
As part of the national budget agreement signed into law last month, Congress has included expanded benefits and a definition change for allowable ownership of small insurance companies that qualify for the benefits of Internal Revenue Code 831(b). 18 January 2016
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