NRRA posthumously honors first Vermont captive director with visionary award
CHICAGO — The National Risk Retention Association has honored the late Ed Meehan, Vermont's first full-time director of captive insurance, with the Karen Cutts Visionary Award at its conference in...
View ArticleHealth care reform changes present new threats for risk retention groups
CHICAGO — The Patient Protection and Affordable Care Act and the subsequent health care market changes present new threats for many risk retention groups.
View ArticleNumber of risk retention groups falling amid continuing soft market
Affected by the soft market, the number of risk retention groups continues to fall, according to an industry newsletter.
View ArticleCaptives may help with emerging Ebola, cyber risks
Captives can be a useful tool to help insure and manage emerging threats in the health care industry, such as cyber risks and the Ebola virus, a panel of captive and health care industry experts said...
View ArticleASHRM 2014 Annual Meeting
Follow Business Insurance's daily coverage of the American Society for Healthcare Risk Management's Annual Conference & Exhibition in Anaheim, California.
View ArticleAetna to form captive in Connecticut
Hartford, Connecticut-based insurer Aetna Inc. confirmed on Friday that it is forming a captive insurance company, Aetna Risk Insurance Co., in its home state.
View ArticleOhio creates captive insurance office
The Ohio Department of Insurance has created a new Office of Captive Insurance to regulate and support the state's recently authorized captive insurance companies.
View ArticleZurich North America names Terry McCafferty head of group captive insurance
Zurich North America on Friday said it has named Terry McCafferty as head of group captives in the company’s programs and direct markets division, effective Feb. 1, 2015.
View ArticleGuernsey insurance regulator licensed 85 new insurers in 2014
The Guernsey Financial Services Commission, the island’s insurance regulator, on Wednesday said it licensed 85 new international insurers during 2014.
View ArticleVermont captive formations slow in 2014
Vermont, the largest domestic captive insurer domicile, licensed 16 captives in 2014, down from 29 in 2013, as the soft market and competition from other states slowed growth, state officials said...
View ArticleCaptive insurer count up in South Carolina, Arizona
South Carolina and Arizona reported significant growth in captive insurer formations in 2014.
View ArticleEmployers returning to fast track for captive benefits funding requests
For the first time since 2012, employers are taking advantage of a fast-track procedure to gain U.S. Department of Labor approval of paying for employee benefits through their captive insurance companies.
View ArticleCaptive manager USA Risk to be acquired by Spencer Capital
Spencer Capital Holdings Ltd. on Monday said it has agreed to acquire captive manager USA Risk Group.
View ArticleBermuda registers 16 captive insurers in 2014
The Bermuda Monetary Authority registered 89 new insurance entities, including 16 new captive insurers, in 2014.
View ArticleCoca-Cola finds captive insurer most efficient way to fund benefits
BOCA RATON, Fla. — For The Coca-Cola Co., the advantage of funding employee benefit risks through its South Carolina-based captive insurer is very straightforward.
View ArticleCaptives crucial to managing enterprise risks
BOCA RATON, Fla. — Captive insurers can be the foundation of an enterprise risk management program for companies seeking to advance their risk management strategies, captive experts say.
View ArticleGlobal risks can affect captive insurer owners from afar
BOCA RATON, Fla. — Captive owners should review the risks they cover in light of recent changes in the geopolitical, economic, environmental and societal risks, captive experts say.
View ArticleCaptive insurers can hold down group health costs
BOCA RATON, Fla. — Employers looking to hold down group health care plan increases should consider turning to their captive insurers.
View ArticleHawaii attracted 15 captives in 2014
Hawaii licensed 15 captives in 2014, down from 17 in 2013, but still the second highest number of formations since 2005.
View ArticleNew York transit agency captive leads coverage in fatal commuter crash
The Metropolitan Transit Authority's captive insurer, First Mutual Transportation Assurance Co.
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