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 article in the New York Post slamming a New York broker for partnering with Lloyd’s of London and selling “improper policies” without paying premium taxes is correct in some instances and misses the mark in others, according to industry experts.

Because there is no single process appropriate for every board and every company, it is the joint responsibility of the independent board leader and the chief executive officer to involve the board in the ongoing processes of strategic planning and risk management, according to the Canadian Institute of Chartered Accountants’...

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.

Insurance regulators in the U.S. have begun signing up with their international peers to push a new ERM regulation called “ORSA”—Own Risk and Solvency Assessment, says Dave Ingram, executive vice president of Willis Re.

Implementation of enterprise risk management within the insurance industry—driven by ratings agencies and anxious boards—is moving steadily forward, with large global reinsurers at the head of the adoption curve.

Implementation of enterprise risk management within the insurance industry—driven by ratings agencies and anxious boards—is moving steadily forward, with large global reinsurers at the head of the adoption curve.

BP’s Safety & Operational Risk program, whose safety and risk unit reports directly to BP's chief executive officer, has been fully operational since earlier this year.