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Nevada’s new captive association starts work in a bid to promote industry
01 February 2021
Nevada

Nevada’s new captive association, the Nevada Captive Insurance Council, has started work on 2021 activities in a bid to promote, protect, and enhance the state as a premier US captive domicile

Increase in manufacturing companies pursuing captives, says CIC Services
01 February 2021
Tennessee

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

State Street’s captive ratings affirmed
01 February 2021
Vermont

A.M. Best has affirmed the financial strength rating of A- (Excellent) and the long-term issuer credit rating of “a-” of Federated Underwriting Company (Federated), based in Colchester, Vermont

North Carolina licenses 47 captives in 2020
01 February 2021
North Carolina

North Carolina licensed 47 captive insurance companies and approved 126 cells and series in 2020, according to the North Carolina Insurance Commissioner Mike Causey

AmTrust expands its cyber team with two new hires
29 January 2021
New York

AmTrust Financial Services, a global specialty property and casualty insurer, has hired Jeffrey Batt and Michelle Ingrassia within its cyber insurance team

Airmic’s annual event set to relocate to Brighton in October
28 January 2021
UK

Airmic is “cautiously” planning for a return to physical events in H2 2021, and for the return of its annual conference in October, which will be held in Brighton

Washington proposes captive bill that could see $29m in back taxes and generate revenues of over $2.5m
28 January 2021
Washington

A bill submitted during Washington State 2021 legislative session would see the creation of a framework for registering eligible captive insurers and imposing a premium tax on the risk covered by premiums allocable to the state

Michael Colao joins AXA XL
28 January 2021
UK

Michael Colao has joined AXA XL as global chief underwriting officer, cyber

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