Legislation passed by the 2011 session of the Vermont Legislature and signed into law by Governor Peter Shumlin expands Vermont's captive laws, to include allowing cells within a sponsored cell captive to be formed as incorporated protected cells....
A.M. Best has released a report on how the implementation of Solvency II will drastically change the European Union's captive insurance industry...........
Willis has appointed Sean Rider as managing director, sales and consulting, Willis Global Captive Practice. Rider will be responsible for developing and executing global marketing strategies, captive consultancy offerings.......
Cooper Gay, has restructured its UK business, Cooper Gay & Co Ltd, into three core trading units to form a stronger and more streamlined platform for growth......
IASIS Healthcare released financial and operating results for the fiscal second quarter and 6 months ending March 31. Impacting the quarter is the $600,000 in costs associated with the start-up of a physician professional liability captive insurance
Trinity Risk has introduced several new Workers' Compensation carve-out insurance products that are designed to help individual or group self-insured accounts manage severity losses with an SIR, Large Deductible or Captive retention.
A.M. Best Co. has affirmed the financial strength rating of B+ (Good) and issuer credit rating of “bbb-” of Tall Pines Insurance Company (Tall Pines) (Burlington, VT). The outlook for both ratings is stable.
At a recent meeting of the Board of Directors of the DCIA the decision was taken to expand it's membership from 9 Directors to 13. The expanded Board is said to be more reflective of the growth Delaware has experienced with respect to captive owners