Although the insurance industry as a whole is experiencing a hard market which has led to increased interest in alternative risk financing, risk retention groups are behind other types of captive structures in terms of new formations
Parametric insurance provider Arbol has launched a solution for climate change risk management, Captive+Parametric
During the session ‘The State of the Cyber Market and the Captive Solution’ at the Vermont Captive Insurance Association, it was outlined that cyber is increasingly an emerging risk and can have huge ramifications for businesses
“The IRS was warning everyone that they would be aggressive, and aggressive they were. Clients noted that auditing agents lacked experience in the captive space or captive insurance knowledge," says Mikhail Raybshteyn
The captive industry has raised a significant amount of capital both in terms of start-up companies, existing insurance companies and reinsurance companies, as well as Lloyd’s syndicates raising capital
“Washington could have instituted a self-procurement tax like several other states — instead, the Office of the Insurance Commissioner chose pride over prudence,” according to Rich Smith, president of the Vermont Captive Insurance Association
CICA, VCIA and the CIC-DC have all submitted a response to a request for public comment regarding the participation of captive insurers in the TRIP established under the TRIA
The CICA president explained that although plans are in place, CICA has postponed the registration process as it continues to evaluate the ability to safely host the annual conference in March
In the first of two articles on captive legislation in US states, Diana Bui talks to regulators from Vermont, Utah and North Carolina about their strategies to stay competitive and adapt to industry changes
Butler University’s Victor Puleo and Craig Caldwell discuss the re-domestication of the world’s first student-run captive from Bermuda to Vermont
Sandy Bigglestone, Christine Brown, Jim DeVoe-Talluto, Dan Petterson and Brittany Nevins discuss the running of Vermont’s captive insurance division and how each of them work to attain a 'gold standard' of captive insurance regulation
Industry professionals discuss the current captive insurance market trends, causes of the hardening market, and the impact of COVID-19 on interest around alternative risk financing
Zlata Cavka, an account administrator working with captive companies in Vermont, speaks with Diana Bui about captive management and emerging opportunities in the industry
Vermont’s Brittany Nevins shares how the Vermont Captive Insurance Emerging Leaders programme is aiming to educate students and insurance professionals on the benefits of a career in captives
President of the VCIA, Kevin Mead talks to Frances Jones about this year’s VCIA conference and what the city of Burlington has to offer its attendees
Ian Davis discusses his new role at People’s United Bank and what he will be working on in the next 12 months
Industry participants discuss their hopes for captives in Latin America, as well as recent developments and the barriers to captive uptake in the region
Sandy Bigglestone, Christine Brown and Kevin Mead discuss the prosperous landscape of the captive industry Green Mountain State, as well as the state’s recent legislative amendments and what to expect from this year’s VCIA conference
Celebrating its 40th anniversary as a captive insurance domicile, Vermont has already licensed over 20 captives so far this year. Industry experts discuss market trends, legislation updates and more
As one of the largest captive insurance markets in the US, Vermont captive professionals outline plans to retain the state’s ‘gold standard’
