The arrangement uses a captive solution with a HSBC-owned insurer in Bermuda and the Prudential Insurance Company of America, reinsuring the transaction, which relates to around half the scheme's pension liabilities
Captives can provide a “unique idea” for retaining captive industry talent, according to Anne Marie Towle of Marsh and Dan Kusaila of Crowe
The big problem in the Syzygy court case was when the premiums decreased, the taxpayer switched captive managers, which according to Chaz Lavelle, “is what the court was concerned about”
Len Crouse, Ed Koral and Chaz Lavelle were all recognised at this year’s VCIA conference
There are two sides to the talent crisis, according to Zach Finn, professor and director of Butler University
VCIA will send a delegation of government, regulatory and industry representatives to Mexico to highlight the state’s captive insurance industry
A.M. Best has revised the outlook to positive from stable and affirmed the financial strength rating of A- (Excellent) and the long-term issuer credit rating of “a-” of Minnesota Lawyers Mutual Insurance Company and MLM Risk Retention Group
CICA has launched Amplify Women, a task force focused on offering women opportunities for education, networking and influence in the captive insurance industry
