Hub International Limited (HUB) has launched a hospitality captive, an exclusive member-owned group captive insurance program designed for hospitality clients. Through the use of a captive, hospitality clients can gain better insight into exposures and risks, and have the option …
Willis Towers Watson has launched a digital tool to help organizations analyze financial feasibility and future profitability of their captive insurance strategies. The new system, Captive Quantified, is a web-based, interactive design that automates due diligence and financial analysis to …
North Carolina’s captive insurance company program, now in its fifth year of operation, has established itself as a leading domicile for captive insurance companies, according to a statement from North Carolina Insurance Commissioner Mike Causey. The North Carolina Captive Insurance …
Zurich Insurance has expanded its cyber insurance product to companies and their captives to protect against risks associated with data security breaches including cyber-related breaches. Zurich’s Security and Privacy Protection policy is now available to companies and their captives to …
Tennessee-based captive insurance companies have created an estimated $436 million economic impact through direct and indirect spending related to new jobs, investments, and deposits, according to results of a recent annual survey given by the Tennessee Department of Commerce & …
Tennessee has stepped up its efforts to establish the state as a captive insurance industry leader with enhancements to the state’s captive insurance laws just passed by the Tennessee Legislature. The changes to the 2011 captive law were signed into …
Amendments proposed to the North Carolina Captive Insurance Act by the North Carolina Department of Insurance were met with unanimous support from the N.C. General Assembly and signed into law on June 19, 2015. Some of the amendments include: Clarifying …
New Jersey Department of Banking and Insurance Commissioner Ken Kobylowski announced the approval of a new line of authority for HCSG Insurance Corp., a captive insurer formed last year by Healthcare Services Group Inc. (HCSG) of Bensalem, Pennsylvania. Under the …
North Carolina is open for business as a domicile for captive insurance companies. The North Carolina Captive Insurance Act, signed into law on June 19, is now in effect, allowing for the formation of captive insurance companies in the state. …
