Captives

• NAIC Study of Stop Loss Insurance Critical To RRGs

  By Arthur D. Postal  |  March 9, 2012

  The NAIC's decision to study whether stop loss model laws should be modified to account for inflation is a potential “critical issue” for the risk retention industry, an industry lawyer says.

• Home State Advantages May Lead to Captive Re-domiciling

  By Caroline McDonald, PropertyCasualty360.com  |  March 8, 2012

  The U.S. captive industry may be undergoing some changes with a new trend towards domiciling in a company’s resident state, says a captive expert.

• Connecticut Seeks to Recapture Role as Insurance Capital

  By Stephen Singer, Associated Press  |  February 21, 2012

  Hartford, Conn. is trying to recapture its status as the nation's insurance capital by drawing in a specialized insurance business that is finding a home elsewhere.

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  Utah Leaps Ahead with 69 New Captives in 2011

  By Caroline McDonald, PropertyCasualty360.com  |  February 14, 2012

  Organizations from a number of states representing various industries formed 69 captive insurance companies in Utah in 2011, according to the state’s captive insurance director.

• As Prices Firm, Commercial Lines Execs Focus on New Products, Producer Partnerships

  February 9, 2012

  After a rough, cat-filled 2011, how do commercial-lines carriers feel about 2012? NU asked several key players for their perspective on which lines offer new opportunities; how they will expand their distribution channels; where carriers will be investing; and how they will handle relationships with risk managers as the...

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  Tennessee Readies Itself for Captive Growth

  By Caroline McDonald, PropertyCasualty360.com  |  February 7, 2012

  Tennessee is adding staff to its captive insurance department and actively promoting itself as a domicile, which is paying off with registrations and building interest.

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  Plumeri: Managing Risk Requires Long-term Sustainability

  By Mark E. Ruquet, PropertyCasualty360.com  |  February 1, 2012

  In an environment of rapidly evolving risks, just anticipating risk is not enough, as organizations also need to focus on building resilience to effectively manage risk and position themselves for long-term sustainability, says the chief executive of Willis Group Holdings.

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  Overall Captive Growth Strong in 2011

  By Caroline McDonald, PropertyCasualty360.com  |  January 30, 2012

  Regulatory and other concerns did not dampen captive formation in 2011, with small captives, cell captives and group-health captives taking the lead, according to experts.

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  Ultimate Risk Management

  By Caroline McDonald, PropertyCasualty360.com  |  January 23, 2012

  An encounter with an injured bird last weekend gave me a glimpse into the ultimate risk management—the fight for survival.

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  Bermuda Reports 50% Jump in New Insurance Registrations

  By Caroline McDonald, PropertyCasualty360.com  |  January 19, 2012

  The Bermuda Monetary Authority reports a 50 percent year-on-year increase in new insurance registrations for Bermuda in 2011, with 54 new insurers recorded compared to 36 by the end of December 2010.

• ‘Enterprise’ Approach to Risk Management Dominates Courses, Research at Universities

  By Caroline McDonald, PropertyCasualty360.com  |  January 19, 2012

  An increasing emphasis on enterprise-risk management in the corporate world is reflected in the higher-education sector, with more courses and research exploring the concept at universities with established RM programs.

• Risk Management Enters Everyday Business Lexicon

  By Caroline McDonald, PropertyCasualty360.com  |  January 19, 2012

  An increasing emphasis on enterprise-risk management in the corporate world is reflected in the higher-education sector, with more courses and research exploring the concept at universities with established RM programs.

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  EU Captives to be Impacted by Solvency II, Fitch Reports

  By Caroline McDonald, PropertyCasualty360.com  |  January 18, 2012

  Corporations that have captive-insurance companies domiciled in Europe need to be aware of the implications of Solvency II proposals, which could significantly increase the capital and compliance burden of European captives, according to a report by Fitch Ratings.

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  GAO Study Disappoints RRG Group

  By Caroline McDonald, PropertyCasualty360.com, Arthur D. Postal, PropertyCasualty360.com  |  January 17, 2012

  While the Government Accountability Office (GAO) report on risk-retention groups (RRGs) recommends that Congress pass legislation clarifying certain provisions of the Liability Risk Retention Act (LRRA), it doesn’t go far enough, according to an industry expert.

• GAO Study Backs Clarification of RRG Legislation

  By Arthur D. Postal, PropertyCasualty360.com  |  January 12, 2012

  The Government Accountability Office has recommended that Congress pass legislation clarifying certain provisions of the Liability Risk Retention Act, including registration requirements, fees and coverage.

• Vermont Reports 41 New Captives in 2011

  By Caroline McDonald  |  January 10, 2012

  Vermont increased its number of captive insurance companies in 2011 from the two previous years as the state continues to see growth in that industry, capturing six captives that were domiciled elsewhere.