While the Bill successfully came out of every committee — including final passage by the House of Representatives in recent weeks — the legislative session ended on 5 May, with no further action taken since
The NRRA is escalating its fundraising for a pushback plan to the Florida 516 Bill on motor vehicle liability policies
The proposed bill — which was introduced by committee vice chair and Florida senator Nick DiCeglie — was unanimously approved by the Senate Banking & Insurance Committee at a meeting on 22 March 2023
AM Best has awarded a financial strength rating of A- (excellent) to INPEX insurance Ltd (ILL) (Bermuda), in addition to a long-term issuer credit rating of “a–”.
A.M. Best has affirmed the financial strength ratings of “A” (Excellent) and the long-term issuer credit rating of “a+” (Excellent) of Blue Whale Re
Despite the hardening market and capacity restrictions driving captives as an attractive risk management option for organisations’ cyber risk, sufficient and reliable cyber data for captive insurers remains severely lacking
A.M. Best has affirmed the financial strength rating of ‘A’ (Excellent) and the long-term issuer credit rating of ‘a+’ (Excellent) for both BNY Trade Insurance Ltd and The Hamilton Insurance Corp
The year 2021 marked the best year for directors’ and officers’ insurers’ premium, volume and direct profitability since 2014, according to a new A.M. Best market segment report
Reinsurance is fundamentally important in protecting a firm’s exposure to a specific risk or catastrophic event, as industry professionals discuss its relationship with captives
As a new year begins, the captive industry anticipates another year of growth
Celebrating its 38th Annual conference in Burlington, Vermont, the VCIA event focused on how the industry should address the talent crisis and the tools that can be used to attract the next generation
A.M. Best discusses the growing marketplace demand and gap in general liability policies that has led the emergence of captive insurance in active assailant insurance coverage
Close tabs need to be kept on the NAIC to make sure that it is not overreaching and doing something that is adverse to the interests of the alternative market, says Skip Myers of Morris, Manning & Martin LLP
Michael Rogers of Risk Services Companies tells CIT why the group captive structure can be a winner, and how companies should go about setting one up
CIT goes behind the scenes of A.M. Best with Steven Chirico to discover how the ratings process really works
Kirk Cyrus of SRS Barbados, Darren Treasure of London & Capital, and Gregory Smith of Deloitte discuss current market conditions in the captive industry of Barbados, and the landscape of emerging risks
With a ‘very active’ captive market in 2020, DC plans to launch a financial services regulatory sandbox this year that will include captives
Singapore maintains its place and reputation as the top Asian domicile but industry experts warn it also needs to keep pace with international regulatory frameworks
As Latin American companies look to stabilise their bottom lines, the captive solution is emerging as an effective way to manage insurance market volatility
