October 20, 2023
The Oklahoma Insurance Department’s Captive Insurance Division reported a 25% net gain in captive insurers for 2023. As of September 30, the state has licensed 11 new captive insurers for the year. There are 55 actively licensed captive insurers, along …
September 27, 2023
Florida-headquartered Risk Services, a captive insurance manager and risk retention group service provider, has named Jennifer Haskell director of captive accounting. Haskell, who spent 15 years with the Alabama Department of Insurance regulating captive insurers, was most recently a senior …
February 14, 2023
The Tennessee Department of Commerce and Insurance has named Mark Wiedeman, a Utah native, as director of the department’s captive insurance section. Wiedeman, a graduate of Brigham Young University, joined the Utah Insurance Department in 2012 as an auditor, then …
January 20, 2023
The state of Vermont reports that it licensed 41 new captive insurance companies in 2022, meaning it is now home to 639 licensed captives, consisting of 608 active and 31 dormant captives. The new captives, a form of a self-insurance, …
August 19, 2022
The owners of one of the oldest insurance agencies in Texas must have felt pretty surprised when they were named in a federal lawsuit brought by an AIG company, alleging the agency was part of an elaborate fraud that forged …
August 12, 2022
MEMIC Names Hoff Vice President of Loss Control and Safety The MEMIC Group has named Maryann Hoff, a 17-year insurance industry veteran, its new vice president of loss control and safety. Hoff comes to MEMIC from Safety National Casualty Corp., …
July 13, 2022
Insurance broker NFP has established a captive management firm in Canada following Alberta’s establishment of a regime for captive insurance for organizations wanting to self-insure against risk instead of buying insurance from a third party. The Captive Insurance Companies Act …
April 26, 2022
The Oklahoma Insurance Department (OID) announced it will host the inaugural Captive & Insurance Business Transfer (IBT) Conference in Oklahoma City on August 24-25. The conference is designed for risk managers, business owners, regulators, financial executives and insurance professionals, the …
December 13, 2021
Managing general insurance agency and cyber security company Coalition has launched a captive insurer to begin taking risk on its cyber insurance programs. The captive, domiciled in Hawaii, will provide capacity in addition to its current long-term capacity agreements from …
October 6, 2021
Late last month, James River Group Holdings, Ltd. announced that two of its principal operating subsidiaries entered into a loss portfolio transfer reinsurance transaction with a wholly owned captive insurer of Uber Technologies, Inc. Under the agreement, the Uber captive, …