The US Department of the Treasury has submitted a proposal to the Office of Management and Budget for a data and information collection from property and casualty insurers regarding the Terrorism Risk Insurance Program
A.M. Best has affirmed the financial strength rating of A (Excellent) and the long-term issuer credit rating of “a” of Park Assurance Company, based in Colchester, Vermont
A.M. Best has affirmed the financial strength rating of A (Excellent) and the long-term issuer credit ratings of “a” of Spirit Insurance Company, based in Vermont, and Radius Insurance Company, based in the Cayman Islands
The US Department of the Treasury has issued proposed rules to implement technical changes, including the participation of captives, to the TRIP required by the TRIPRA of 2019
The number of Marsh-managed captive insurance companies that accessed TRIPRA to write property, workers’ compensation, general liability, and cyber risk rose 10 percent in 2018, according to a Marsh report
The possible expiration of TRIPRA could result in a potential rating downgrade in ratings for P&C insurers, and therefore captives, according to A.M. Best
Spirit Insurance Company and Radius Insurance Company have had their financial strength ratings of A (Excellent) and long-term issuer credit ratings of “a” affirmed by A.M. Best
Captive insurance vehicles are rapidly growing in popularity as risk managers seek alternative ways to finance emerging risks their organisations now face, according to a report by Marsh
Experts discuss the state of play throughout the world’s biggest captive market
