Tennessee captive News

International Paper Relocates Captive from Vermont to Tennessee

Memphis-based global fiber-based packaging, pulp and paper products leader International Paper has relocated its captive insurance company from Vermont to Tennessee, according to a statement from The Tennessee Department of Commerce & Insurance’s (TDCI) Captive Insurance Section. International Paper has …

Corbett, Stalvey Appointed to New Roles to Further Grow Tennessee Captive Market

Tennessee Department of Commerce & Insurance (TDCI) Commissioner Hodgen Mainda has named two longtime Tennessee captive insurance experts to new roles in the department. Michael Corbett has been named to the newly created director of Business Development position for TDCI’s …

Tennessee Reports $436M Economic Impact From Revamped Captive Insurance Act

Tennessee-based captive insurance companies have created an estimated $436 million economic impact through direct and indirect spending related to new jobs, investments, and deposits, according to results of a recent annual survey given by the Tennessee Department of Commerce & …

Tennessee Updates Captive Law, Sets Sights on Being ‘Captive Leader’

Tennessee has stepped up its efforts to establish the state as a captive insurance industry leader with enhancements to the state’s captive insurance laws just passed by the Tennessee Legislature. The changes to the 2011 captive law were signed into …