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BPS elects Bryan Hudson as first board chair

Bauknight Pietras & Stormer has elected Bryan Hudson as chair of its first board of directors

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Claims may be brought against ‘virtually every' major micro captive promoter

Future claims may be brought against virtually every major captive insurance promoter, according to David Deary, attorney for the plaintiffs in the Artex case

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ILS outlook positive following continued growth in 2018

The outlook for the ILS market is positive, following continued growth in 2018, according to a report from Willis Re

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Bermuda welcomes 19 new captives in 2018

The Bermuda captive market showed increased growth year-on-year, despite some difficult global market conditions

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Talley: Regulatory risks are captives’ greatest obstacle in 2019

Regulatory risks, such as the IRS and the US government, will be the major obstacle for captive insurance companies in 2019, according to John Talley, from the Missouri Department of Insurance

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Texas amends captive regulation

The Texas Department of Insurance has amended its captive insurance regulation to implement the changes passed into law by the Texas legislature in 2015 and 2017

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Ratings of Sony captive upgraded

A.M. Best has upgraded the financial strength rating from A- (Excellent) to A (Excellent) and the long-term issuer credit rating from “a-” to “a” of PMG Assurance, the captive insurer for the Sony Group

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Mercer Marsh Benefits adds international leader

MMC international employee benefits business Mercer Marsh Benefits has appointed Hervé Balzano as leader of Mercer Marsh Benefits international, effective 18 March

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Hawaii welcomes eight captives in 2018

Hawaii licensed eight new captive insurance companies in 2018, according to statistics from the Hawaii Captive Insurance Council

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Delaware welcomes 46 captives in 2018 ‘despite headwinds’

The Delaware Department of Insurance licensed 46 new captive insurance companies last year, a drop from the 117 captives licensed in 2017

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Atlas to adhere to SIIA captive management guidelines

Captive management firm Atlas Insurance Management has announced it will adhere to the SIIA’s new Captive Manager of Conduct

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SIIA releases captive manager code of conduct

SIIA has released the SIIA Captive Manager Code of Conduct to provide ethical business conduct guidance to captive managers

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