The Montana Captive Insurance Association Inc. reported 34 new captive insurance company licenses were issued in the state during the past year, bringing the total number of licensed captives in the domicile to 114. The data was provided to the …
If you’re startled by this headline, you’re not alone. Until recently, the words “reform” and “captive” were rarely used in the same sentence. That’s because captive insurance companies have long been immune to traditional insurance company regulation because of their …
Cypress Benefit Administrators, a national third party administrator (TPA) based in Appleton, Wisc., and with locations in Portland, Ore., Omaha, Neb. and Pueblo, Colo., has launched CypressCap group captive insurance option for employers with 50 or more employees. With healthcare …
A bulletin from Aon Global Risk Consulting, the risk management arm of Aon plc, using responses from 100 senior risk industry professionals at its annual Client Symposium, indicates that “organizations in Central and Eastern Europe and additional emerging markets are …
Captive insurance firms in the United States are feeling the squeeze of an ongoing soft insurance market, low investment yields and a bleak global financial picture, a new report revealed. A composite of 209 U.S. captive insurance entities and alternative …
New research from Finaccord, the London-based market research consultancy specializing in financial services, concludes that “mobile operators worldwide are actively selling many types of insurance and assistance products to their customers although, in most cases, these initiatives are still being …
Figures released by the Guernsey Financial Services Commission (GFSC) show that there were 739 international insurance entities licensed by the Island at the end of May 2012, compared to 687 at the end of December 2011. “There have been 63 …
A.M. Best Co. has revised the outlook to positive from stable and affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” of Canadian insurer Transportation Property and Casualty Company Inc. (TPCC). Best said the “ratings …
Atlanta-based insurance brokerage and risk management firm Beecher Carlson has named John Borch as an accounting manager in its National Captive Practice. He will be based in the company’s Burlington, Vermont office and report to Peter A. Kranz, senior vice …
In an environment of rapidly evolving risks, purely anticipating risk is not enough. Organizations also need to focus on building resilience to effectively manage risk and position themselves for long-term sustainability, according to a global insurance executive. Joe Plumeri, chairman …
