March 24, 2014
North Carolina’s Insurance Commissioner Wayne Goodwin announced last Friday that one of the nation’s largest convenience store chains has formed a captive insurance company in North Carolina. The Pantry Inc., based in Cary, N.C., has formed Cellarium Insurance Company Inc., …
January 24, 2014
Last year was a banner year as Vermont celebrated the 1000th new captive, but there were plenty of other notable accomplishments as 29 new captives were licensed, according to data released by the Vermont Captive Insurance Division. The new captives …
January 14, 2014
BevCap Management has announced the formation of BevCap Sponsored Captive Insurance Inc., domiciled in Hawaii. BevCap Sponsored Captive Insurance Inc. is a cell captive, with its first cell being BevCap Health, a heterogeneous group captive. BevCap Health is a self-funded …
December 11, 2013
North Carolina’s Insurance Commissioner Wayne Goodwin on Wednesday delivered the keynote presentation, “Why North Carolina?” to captive insurance managers and service providers, regulators, legislators and other interested parties at the first North Carolina Captive Insurance Association (NCCIA) seminar in Raleigh.With …
December 6, 2013
National Interstate Insurance Co. has formed a new group rental captive for waste haulers to complement its traditional insurance program. The company is now seeking operators with a solid track record in the waste industry to become founding members. According …
December 3, 2013
New York’s Metropolitan Transportation Authority (MTA) has a wholly owned insurance subsidiary, a captive insurer called the First Mutual Transportation Assurance Company (FMTAC), that will provide part of the coverages for liability and property losses stemming from the Dec. 1 …
October 17, 2013
MagMutual Insurance Co., a medical professional liability insurer in the Southeast, has formed OURCell Captive, P.C.C. A wholly owned subsidiary of MagMutual, OURCell Captive provides physician practices and hospital systems that desire to actively participate in the retention and management …
October 11, 2013
Vermont Gov. Peter Shumlin and other state officials announced Thursday that the state’s Department of Financial Regulation (DFR) has licensed Vermont’s 1,000th captive insurance company.At a Statehouse ceremony Thursday, DFR Commissioner Susan Donegan signed the license for the 1,000th captive …
October 2, 2013
Connecticut’s venerable insurance industry is making a pitch for business just as the new federal health insurance marketplace begins to take shape. Trade group The Connecticut Captive Insurance Association has scheduled a meeting on Wednesday in Stamford. Group President Tom …
September 20, 2013
Alterna has entered into the alternative risk marketplace, specifically focusing on providing medical professional liability services for physicians, clinics, and hospital groups through one company. Most group insurance facilities (i.e., risk retention groups (RRGs), captives) have several third-party service providers …