The Internal Revenue Service has petitioned the US District Court for the District of Delaware against the Delaware Department of Insurance to enforce a summons for documents related to its micro captive investigation
A.M. Best has assigned a financial strength rating of A and a long-term issuer credit rating of “a” to Oxford Insurance Company LLC
A.M. Best has affirmed the financial strength rating of A and the long-term issuer credit rating of “a+” of Nuclear Electric Insurance Limited. The outlook of these credit ratings remains stable
In her new role, Schneider will be working with non-profit clients as well as managing audit services for some of the firm’s captive insurance clients
A.M. Best has affirmed the long-term issue credit rating of “a” on the $800 million floating rate insured notes due 2037 issued by Northwind Holdings, a Delaware limited liability company and wholly-owned subsidiary of Unum Group
The Delaware Department of Insurance licensed 46 new captive insurance companies last year, a drop from the 117 captives licensed in 2017
Chris Stormer, shareholder with Bauknight Pietras & Stormer, has been elected to the DCIA board of directors
Delaware has received “tremendous interest” in its conditional licensing programme, the first of its type offered by a US domicile, according to Steve Kinion, from the Delaware Insurance Department
