March 11, 2019
Connecticut lawmakers were urged Friday to pass additional legislation to address the state’s crumbling foundations problem and also find additional funds to help impacted homeowners. Michael Marglaras, superintendent of the Connecticut Foundation Solutions Indemnity Company, said it is good news …
January 24, 2019
In 2018, Delaware licensed 46 newly formed captive insurers despite a challenging environment, according to Delaware Insurance Commissioner Trinidad Navarro in a press release issued by the Delaware Insurance Department. “Captive insurance formations faced a number of challenges in 2018, …
December 3, 2018
The new entity charged with overseeing the distribution of state funds to help Connecticut homeowners with crumbling foundations has finally received a long-awaited $19 million. Michael Maglaras, superintendent of the Connecticut Foundation Solutions Indemnity Company, told The Associated Press on …
November 27, 2018
Insurance broker Marsh has been awarded the first licence to provide captive insurance management services in Abu Dhabi. Operating as Marsh Management Services (MENA) Limited, the firm has been authorised to provide captive insurance management services by Abu Dhabi Global …
November 7, 2017
Allianz Global Corporate & Specialty SE (AGCS) has successfully trialed blockchain technology for a global captive insurance program, which facilitates cash transfers between countries. AGCS’s Allianz Risk Transfer (ART) business has teamed up with EY (Ernst & Young) as blockchain …
July 27, 2017
Todd Cunningham has been named to head the Single-Parent and Sponsored-Cell Captives unit for Zurich North America. As part of its single-parent captive solutions, Zurich offers fronting, reinsurance, claims, risk-engineering and loss-analysis services for single-parent captives and a multinational reach …
June 29, 2017
Sacramento, Calif.-based Owen-Dunn Insurance Services has embarked on a national expansion with the launch of ODI Group Captive to meet demand from mid-size business owners for captive insurance. In addition to creating its new group captive, the brokerage brought on …
June 22, 2017
Juliana Keaton had no idea when she started off as a lawyer litigating commercial insurance claims that her career path would someday lead her to be the risk manager of one of the largest railroad companies in the country. But …
May 3, 2017
Vermont Captive Insurance Association (VCIA) President Richard Smith joined Vermont Governor Phil Scott as he signed new legislation passed in the 2017 session. This new legislation serves to strengthen Vermont’s captive legislation in a variety of areas, including adding agency …
February 23, 2017
The Delaware Department of Insurance has announced that it has begun the search for a new Director of the Bureau of Captive Insurance and Financial Products once current director Steve Kinion’s contract expires April 1, 2017. This is because the …