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Bermuda captive relocates to Kazakhstan
09 January 2020
Nur-Sultan Reporter Maria Ward-Brennan

The AFSA issued a license to the Kazakhstan Energy Reinsurance Company to continue the regulated activities of effecting contracts of insurance and contracts of insurance as a captive insurer, after relocating from Bermuda

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Arizona licenses nine new captives in 2019
08 January 2020
Arizona Reporter Becky Bellamy

The Arizona Department of Insurance has revealed it licensed nine new captives in 2019, taking the total number of captives to 128

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Green Mountain launches group captive profit centre programme
07 January 2020
Burlington Reporter Maria Ward-Brennan

Green Mountain Sponsored Captive Insurance Company, a Vermont-based protected cell company, has launched its innovative group captive profit centre programme, Greenguard, for owners and providers of multi-family properties

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Washington OIC orders captives to stop insuring risk in the state
02 January 2020
Washington Reporter Maria Ward-Brennan

Washington Insurance Commissioner Mike Kreidler has ordered unauthorised insurers Olympic Casualty Insurance and ASA Assurance to stop insuring risk in Washington state for their parent companies Starbucks and Alaska Air Group

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Fleming Re acquires AggCap Insurance
20 December 2019
Bermuda Reporter Becky Bellamy

The acquisition provides members of AggCap II with full legal finality, elimination of operating expenses, and a release of capital

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W.R. Berkley forms captive in North Carolina
18 December 2019
North Carolina Reporter Maria Ward-Brennan

W.R. Berkley Corporation has formed Oak Harbor Reinsurance Company, a protected cell captive insurance company, which was licensed by the North Carolina Department of Insurance on 25 November

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Flinchum re-enters captive world with new US consulting business
16 December 2019
Jacksonville Reporter Maria Ward-Brennan

Former Atlas Insurance Management business development manager, Brian Flinchum, has re-joined the captive industry by starting his own consulting company, based out of Jacksonville, Florida

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