Captive insurance latest news and features

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

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

RH CPAs’ Teresa Jones, Diana Hardy and Daniel Milan explain it is important to consider the possible effects of proposed tax plans likely introduced by the new Joe Biden administration

The initial creation of the captive coordinator position was due to an increased emphasis on captives in the state, according to the OID

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

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

John Michael Alexander and Ryan Basnett from the South Carolina Department of Insurance explain the competitive advantages for small and medium-sized businesses when choosing South Carolina as the domicile to establish their captives

Connecticut Insurance Department’s Fenhua Liu talks about the upcoming CT Captive Insurance Forum and the plans to accelerate the captive growth in the State

Waqqas Asghar, audit director at RH CPAs, speaks to John Savage about harnessing captives to optimise financial benefits during mergers and acquisitions and initial public offerings

Jacqueline Quintal, managing director in Financial Institutions Group at Marsh, sheds light on the use of digital assets in the captive insurance space