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Texas amends captive regulation
25 January 2019
Texas

The Texas Department of Insurance has amended its captive insurance regulation to implement the changes passed into law by the Texas legislature in 2015 and 2017

Ratings of Sony captive upgraded
25 January 2019
New Jersey

A.M. Best has upgraded the financial strength rating from A- (Excellent) to A (Excellent) and the long-term issuer credit rating from “a-” to “a” of PMG Assurance, the captive insurer for the Sony Group

Mercer Marsh Benefits adds international leader
24 January 2019
London

MMC international employee benefits business Mercer Marsh Benefits has appointed Hervé Balzano as leader of Mercer Marsh Benefits international, effective 18 March

Hawaii welcomes eight captives in 2018
24 January 2019
Hawaii

Hawaii licensed eight new captive insurance companies in 2018, according to statistics from the Hawaii Captive Insurance Council

Delaware welcomes 46 captives in 2018 ‘despite headwinds’
24 January 2019
Delaware

The Delaware Department of Insurance licensed 46 new captive insurance companies last year, a drop from the 117 captives licensed in 2017

Atlas to adhere to SIIA captive management guidelines
23 January 2019
North Carolina

Captive management firm Atlas Insurance Management has announced it will adhere to the SIIA’s new Captive Manager of Conduct

SIIA releases captive manager code of conduct
22 January 2019
Washington DC

SIIA has released the SIIA Captive Manager Code of Conduct to provide ethical business conduct guidance to captive managers

Natural catastrophes caused $225 billion losses in 2018
22 January 2019
Chicago

394 natural catastrophic events caused $225 billion in economic losses in 2018, according to the Aon Catastrophe Report

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