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According to Richard Smith of the Vermont Captive Insurance Association, the state’s unwavering support of the captive insurance industry is a major force behind the domicile’s success. 11 October 2013
article
The Red Apple Group, which operates Gristedes Foods and Red Apple gas stations, has formed the Red Apple Risk Insurance Company in Hartford. 10 October 2013
article
Alterra Risk Management has launched an offering to the US market that delivers “all the benefits of the captive concept, but in a more cost-efficient manner for clients”. 10 October 2013
Analysis
The number of US domiciles with captive legislation has reached a level that is “not sustainable”. Domiciles need to reach a critical mass if they are to create a sustainable and capable regulatory environment. 9 October 2013
Accounting & tax analysis
The captive industry has gained a new entrant, Alterra Risk Management, which extends simplified captive insurance solutions to small and mid-sized US firms. 9 October 2013
Analysis
Group Management Services has merged with three third party administrators—Ogden Benefits Administration, Employee Benefits Concepts and Variable Protection Administrators—as the combined entity looks to drive down client medical costs associated with Obamacare. 7 October 2013
Analysis
Michel Barnier, the EU’s internal markets commissioner has indicated that the planned start date for Solvency II has been moved to January 1, 2016. 4 October 2013
Cayman analysis
Rob Leadbetter, chairman of the Insurance Managers Association of Cayman (IMAC), extended his thanks to UK Prime Minister. 30 September 2013
Analysis
The program is expected to be rolled out globally over the coming months. 30 September 2013
Analysis
Despite suggestions that the US is ramping up scrutiny of captive insurers, the industry has little to fear, with increasing regulatory oversight having been a feature of the captive landscape for some time. 25 September 2013
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