Georgia welcomed 18 new captive insurance companies in 2017, taking the total number of active captives domiciled in the state to 42

Tonga has received a record insurance payout of $3.5 million from the Pacific Catastrophe Risk Insurance Company following the destruction caused by Cyclone Gita

The Alabama Department of Insurance has revealed that nine captives, one protected cell company and one risk retention group were formed in the state last year

Investing in technological upgrades would benefit insurance companies financially and help them maintain a strategic advantage, according to a new report by A.M. Best

A.M. Best has affirmed the financial strength rating of “A (Excellent)” and the long-term issuer credit ratings of “a” for Queen City Assurance and Vine Court Assurance

The District of Columbia (DC) welcomed eight new captives last year, according to the DC Department of Insurance, Securities and Banking’s 2017 year-end figures

Prism Assurance has had its financial strength rating of “A- (Excellent)” and its long-term credit rating of “a-” affirmed by A.M. Best

US and offshore domiciles have continued to see a steady flow of new captive insurance company formations in 2017, despite the soft commercial market

The Connecticut State Bond Commission has approved $350,000 to set up a non-profit captive insurer, which is a state government solution for an issue impacting a reported 5000 homes in the state

Crawford & Company has expanded its service portfolio in Australia to include workers’ compensation.

The Kansas state government has submitted a bill to update and modernise captive insurance laws in the state

A.M. Best has downgraded the financial strength rating of Zale Indemnity Company (ZIC) and its wholly-owned subsidiary, Zale Life