The Superior Court of New Hanover County, North Carolina has ruled in favour of the American Transportation Group Insurance Risk Retention Group after it filed a motion to show cause and for sanctions against MVT Insurance Services and its principal
Moody's Investors Service has affirmed China Railway Captive Insurance A3 insurance financial strength rating. The outlook remains stable
It will be imperative for businesses to reprioritise risk as well as innovate and explore new risk management strategies due to COVID-19, according to an Aon global survey
Antares Managing Agency, the Lloyd’s specialist insurance and reinsurance subsidiary of QIC Global, has placed Syndicate 1274’s Lloyd’s China operation into run-off
The Delaware Department of Insurance has revealed that the state licensed 70 new captives in 2020, including 67 conditional licenses
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
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
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