Michigan captive insurer premiums exceeded US$3 billion in 2023, marking an increase of 25 per cent over the previous year.
AM Best has revised the outlooks to ‘positive’ from 'stable’ for the National Guaranty Insurance Company of Vermont, Waste Management’s captive.
Danielle Brown worked as a captive account manager at Hylant before she left the company in October 2023 to serve as a captive insurance examiner for Vermont State.
The new solution allows P&C insurers to assess and manage climate-related risks using advanced property analytics and specific risk scores.
RiskGauge Desktop offers a proprietary scoring methodology that integrates market, financial, and business risk inputs, along with analytics data and detailed reports on over 50 million companies.
The company will initially underwrite representations and warranties insurance on behalf of a panel of insurers, including AmTrust and various syndicates at Lloyd’s.
Based in Florida, Len Graziano will focus on developing and implementing client-centric initiatives throughout the casualty market in North America.
The bill proposes various changes to North Carolina's captive legislation, including a two-year extension of the premium tax holiday for captives that redomesticate in the state.