Captive insurer group's president to retire
Dennis Harwick, president of the Captive Insurance Companies Association, will retire from the organization at the end of June 2017, CICA announced.
View ArticleVermont marks 35th anniversary as captive insurer domicile
As Vermont this week marks the 35th anniversary of the effective date of its landmark 1981 captive insurer statute, the state continues its longtime status as the largest captive domicile in the United...
View ArticleTerrorism in Turkey
Terrorism hits Istanbul airport while 'Brexit' fallout continues. That and more in Business Insurance week in pictures.
View ArticleFederal backstop drives more captives to terror market
The number of Marsh-managed captives actively accessing TRIPRA rose 17%, to 109 in 2015 from 93 in 2014, report shows.
View ArticleCaptives may offer cyber cover alternative
SOUTHAMPTON, Bermuda — Despite the difficulty of quantification, ongoing cyber breaches are fueling interest in and placement of some cyber-related risks in captive insurers.
View ArticleVermont names financial regulation chief
Vermont Gov. Peter Shumlin this week named Michael Pieciak as commissioner of the Department of Financial Regulation, succeeding Susan Donegan, who left at the end of June.
View ArticleCayman Islands names insurance supervisor
The Cayman Islands Monetary Authority said Monday that it has named Ruwan Jayasekera head of the Insurance Supervision Division.
View ArticleClaims data nudges firms to fund benefits through captives
Employers say improving claims data was the key driver that led them to fund employee benefit risks through their captive insurers, according to a survey released Wednesday.
View ArticleCaptive insurers' operating income grew in 2015
U.S. captive insurers rated by A.M. Best Co. saw their pretax operating income climb last year, though net written premiums stayed flat, the rating organization said in a report released Tuesday
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