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Leonard D. Crouse, former director of captive insurance in Vermont and a leading spokesman for the captive-insurance industry, received the inaugural Karen Cutts Visionary Award from the National Risk Retention Association (NRRA) at its annual conference held Oct 5-7.

The growth of captive insurers is expected to continue worldwide in numbers and premiums collected over the next five years. Are you ready?

The growth of captive insurers is expected to continue worldwide in numbers and premiums collected over the next five years. Are you ready?

While captive-insurance experts say the market is healthy, with solid formations, they also note a variety of concerns, including Solvency II, the Dodd-Frank Act and fraud.

The Prudential New Jersey Captive Insurance Co. (NJCAP) has been approved as the first captive insurer to be licensed in the state, according to the New Jersey Department of Banking and Insurance.

The Prudential New Jersey Captive Insurance Co. has been approved as the first captive insurer to be licensed in the state, according to the New Jersey Department of Banking and Insurance.

An amendment to the federal Liability Risk Retention Act that would allow inclusion of commercial-property coverage in risk-retention groups has been introduced in the House of Representatives and awaits further action, according to the office of Rep. Peter Welch, D-Vt.

BERMUDA—A listless economy has meant $150 million trimmed from Bermuda’s budget, but a brighter outlook is expected later this year, according to Bermuda and U.S. officials.