captives News

Google Captive in Hawaii on Track

Web search giant Google Inc. has been granted tentative approval from the Department of Labor to form a captive insurance company in Hawaii to cover employee benefits for thousands of the Mountain View, Calif.-based web giant’s U.S. workforce. The tentative …

Zurich, Patriot National Ink Deal to Provide Workers’ Comp

A Florida workers’ compensation insurer has reached a deal with a California company to underwrite its workers’ compensation policies through its Florida agency-owned captive program. Zurich Financial Services Group recently announced that through its wholly-owned subsidiary, Zurich American Insurance Co., …

Conner Strong Appoints 3 Execs to New Positions

New Jersey-based risk management and employee benefits brokerage and consulting firm Conner Strong & Buckelew has made three new appointments to its management team. Franz Wagner has been named Senior Vice President, Major Accounts, Senior Account Executive. Kristine Klepper, CEBS, …

Captive Insurance Professionals Gather in Vermont for Annual Conference

Captive insurance professionals from throughout the United States and around the world are gathering in Burlington, Vermont next week for the world’s largest captive insurance conference. The Sheraton Hotel and Conference Center and the University of Vermont’s Davis Center will …

Group Captive Chooses The Hartford As Insurer

Affinity Insurance Ltd., a casualty lines group captive owned by 290 companies, has selected The Hartford as its insurance carrier for workers’ compensation, commercial auto and general liability. Captive Resources, LLC administers the program on behalf of Affinity. The Hartford …

Tennessee Governor Signs Captive Insurance Law

In a move that business groups say could change the risk management operations of many corporations, Tennessee Governor Bill Haslam signed into law a bill allowing for the creation of captive insurers. Backed by Tennessee Insurance Commissioner Julie McPeak, the …

Guernsey Seminar on Solvency II Assesses Rejection of ‘Equivalence’

Insurance professionals from the UK and Guernsey were told of the benefits that could result from the Island’s stance on Solvency II. Nearly 100 risk managers, brokers, lawyers, representatives from ratings agencies and insurance trade media journalists attended the Guernsey …

ACE Report Examines Potential Impact of Solvency II on Captives

The ACE Group announced today the availability of a new report that identifies the potential impact of the European Union’s Solvency II regulatory requirements on captive insurance companies and offers an alternative insurance structure for risk managers of multinational companies …

Best’s Analysis Concludes Solvency II Will Transform EU Captive Insurers

Although it has been coming for more than 10 years, the European Union’s Solvency II regulations covering the community’s insurance industry is now virtually around the corner. Over the years there has been a great deal of discussion centering on …

Vermont Economic Development Legend Moulton Dies at 85

Elbert “Al” Moulton, the man credited with keeping billboards out of Vermont and creating the state’s captive insurance industry, has died. Moulton died Sunday at his Townshend home. He was 85. The cause of death was not released. Moulton served …