Captives in Vermont will enjoy greater protection of their assets now that a bill has been passed by the state legislature that will allow for the separation of risk within a captive cell.
With the captive insurance industry at a relative crawl over the past few years, an upward trend reported by several domiciles in 2011, including Bermuda, has generated enthusiasm in the captive industry.
Captives in Vermont will enjoy greater protection of their assets now that a bill has been passed by the state legislature that will allow for the separation of risk within a captive cell.
Vermont is proposing changes to its captive-insurance law as part of its annual enhancements to its captive statute, according to the Dept. of Banking, Insurance, Securities and Health Care Administration (BISHCA).
Facing shrinking resources, an uncertain economy, and changing political and regulatory landscapes, risk managers may be forced to reassess their particular captive insurance solutions, a new white paper suggests.
Despite the economic downturn, Bermuda remains a major player in the global captive marketplace. That was the message delivered by officials at the Bermuda Captive Conference.