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Almond named new president and CEO of NCCIA
16 May 2025
US Reporter Diana Bui

Zach Almond has been named the next president and CEO of the North Carolina Captive Insurance Association (NCCIA), effective from 1 October

Skyward Specialty appoints LaFlamme to lead captive operations
16 May 2025
US Reporter Diana Bui

Skyward Specialty Insurance Group has appointed Corey LaFlamme as president of its captives and specialty programmes divisions

Montana modernises captive tax regime
16 May 2025
US Reporter Diana Bui

Montana has enacted Senate Bill 60 (SB 60), introducing significant reforms to the state's taxation of captive insurance companies

VCIA opens registration for 40th annual captive conference
15 May 2025
US Reporter Diana Bui

The event is expected to draw around 1,100 captive professionals from across the US and internationally

Washington fines Maple Shade Assurance’s captive cell
14 May 2025
US Reporter Diana Bui

The Washington State Office of the Insurance Commissioner has fined one of Maple Shade Assurance’s segregated cells US$5,000 for operating as a captive insurer in the state without registration

New York authorises Javits Center to form a captive
13 May 2025
US Reporter Diana Bui

Though the structure has yet to be outlined, the move is expected to help the Javits Center manage its insurance needs more directly and reduce reliance on the commercial market

Arizona lowers capital requirements for captives in latest bill
12 May 2025
US Reporter Diana Bui

Arizona Governor Katie Hobbs has signed HB 2193 into law, which reduces the minimum capital and surplus requirements for protected cell captive insurers to US$250,000

AM Best affirms ratings for NiSource's captive
12 May 2025
US Reporter Diana Bui

AM Best has affirmed the financial strength rating of ‘A’ (Excellent) for NiSource Insurance Corporation, a single-parent captive insurer of NiSource

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