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Ratings agency AM Best has revised the outlook of Vermont-based risk retention group Ophthalmic Mutual Insurance Company's long-term issuer credit rating from stable to negative. 25 February 2019
Analysis
The energy sector has seen an increased use of captive insurance over the last 5 years, as it continues to be a key part of companies' risk management strategies, according to an Aon report. 25 February 2019
Analysis
US District of Columbia mayor Muriel Bowser has recently established a council charged with studying and reporting on the feasibility of implementing a financial services regulatory sandbox in Washington DC. 21 February 2019
Analysis
European Insurance and Occupational Pensions Authority (EIOPA) has issued guidance for European regulators to ensure insurance contract continuity if the UK leaves the European Union with no deal. 20 February 2019
Analysis
Pinnacle Actuarial Resources has promoted Aaron Hillebrandt to director and consulting actuary and Christopher Cortner to consulting actuary. 20 February 2019
Analysis
A fully digital captive might allow corporates to see the benefits that today only new retail players such as insurtech Lemonade can offer, according to Alan Cabello, general manager of Adjoint Switzerland, who lays out the building blocks of a successful digital captive. 18 February 2019
Analysis
Accounting and consulting firm Bauknight Pietras & Stormer (BPS) has appointed Ben Glenn to the firm's leadership team as a shareholder. 18 February 2019
Analysis
The State of Vermont has introduced a new bill to tidy up and modernise parts of its captive insurance law as it enters its 2019 legislative session. 18 February 2019
Actuarial & underwriting
Ratings agency AM Best has affirmed the financial strength rating of A- (Excellent) of Prism Assurance, the Vermont-based single parent captive of commercial metals and glass company Apogee Enterprises. 14 February 2019
Analysis
Massachusetts-based managing general agency Energi Insurance Services has formed two group captives through its eCaptiv subsidiary to tackle the commercial auto insurance market in Canada. 14 February 2019
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