Over the last few years organizations took action to strengthen the financial position of their captive insurance company operations, while those forming new captives were more likely to start up captives in U.S. onshore domiciles. These are two of the …
A.M. Best Co. announced that it has recently “assigned its first rating to a captive domiciled in Asia, as the global practice of major corporations self insuring through captives shows further signs of establishing itself in the major insurance markets …
The New Jersey Captive Insurance Association (NJCIA) has appointed a seven-member advisory board, which will assist the group in guiding the state’s new captive insurance industry. The board members are Andrew Barile, president of Andrew Barile Consulting Corp. Inc., a …
Kane, a provider of specialist risk and insurance management services, announced that it has signed an agreement to acquire the insurance management operations of HSBC. The bulletin explained that “under the agreement, which has been signed with HSBC Bank Bermuda …
Utah gained 54 new captive insurance companies during 2010, according to the Utah Insurance Department. At the end of the year, there were 188 captive insurers in active operation with another 11 new applications pending. The state added 33 new …
Delaware added 48 new captive insurers last year, doubling the state’s total to 96 captives, according to state regulators. Steve Kinion, director of the state’s Captive Bureau, said the growth stemmed from a number of re-domestications from off-shore nations to …
The Commerce and Employment Department of the States of Guernsey (the Guernsey Government) and the financial regulator, the Guernsey Financial Services Commission (GFSC) have released a joint statement, which affirms that “there are no plans for the Island to seek …
