CIC Services has appointed Shoshanna Simmons to lead its client services division
The legislative updates include authorising parametric insurance coverage and reducing the statutory capital needed by protected cell captive insurers to commence operations from $250,000 to $100,000, among other improvements
A.M. Best has assigned a financial strength rating of A- (Excellent) and long-term issuer credit rating of “a-” to Wakefield Insurance Company, based in Nashville, Tennessee
The Tennessee Captive Insurance Association has revealed a 64 per cent increase in licensed entities on its 2019 figures, with 18 new captives and 41 new cells in 2020
There has been an increase in manufacturing companies pursuing captive insurance as a solution to the insurance conundrum, according to Randy Sadler, a principal with CIC Services
The TDCI has revealed that $22.8 million was located and returned to Tennesseans in combined life insurance benefits/annuities and monies returned through the department in 2020
International Paper, Memphis-based global fibre-based packaging, pulp and paper products, has relocated its captive insurance company from Vermont to Tennessee
Christopher Gallo has joined CIC Services, a Knoxville-based risk management consulting firm as managing director
