Atlas Insurance Management (Atlas), a Charlotte, N.C.-based captive insurance management firm, has received approval from the South Carolina Department of Insurance to act as an insurance manager for captive business in the state. Atlas is the first North Carolina-based captive …
The Tennessee Department of Commerce & Insurance (TDCI) announced the licensing of Tennessee’s 100th captive insurance company on Dec. 22. In 2011, Gov. Bill Haslam signed the revised State of Tennessee’s Captive Statute which made the state’s existing captive insurance …
Companies looking to form captives in Georgia can now do so with more favorable conditions since the passage of several business-friendly amendments to the Georgia captive insurance law, which became effective July 1. The effort to make the changes to …
The Cayman Islands passed new insurance regulations on January 16, which affect portfolio insurance companies (PIC). These regulations are designed to provide more risk management alternatives for insurers incorporated as segregated portfolio companies (SPCs), creating more flexibility for their operation, …
In less than a year since its captive-enabling legislation went into effect, North Carolina says it is making progress towards its goal of becoming a leading captive domicile. To date, the North Carolina Department of Insurance said it has licensed …
The Delaware Department of Insurance announced recently the final projection for the number of captive licenses the captive bureau anticipates issuing for 2012. The regulators said 2012 was the best year ever for the state’s captive growth and that Delaware …
