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‘Good’ ratings for AES captive

A.M. Best has affirmed the financial strength rating of “B+ (Good)” and the long-term issuer credit rating of “bbb-” of AES Global Insurance Company (AGIC)

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Connecticut captive bill requires look at micro captives

Connecticut has proposed an update to its legislation that would require the insurance commissioner to study the operations of micro captives

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Illinois to rewrite captive law

The Illinois Department of Insurance has been working with businesses in the state to rewrite the captive insurance article of the Illinois Insurance Code

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Apogee Enterprises captive ratings affirmed

A.M. Best has affirmed the financial strength rating of “A- (Excellent)” and the long-term issuer credit rating of “a-” of Prism Assurance, the captive insurance company of Apogee Enterprises

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Arkansas to expand captive law

The Arkansas House of Representatives has passed a captive bill that proposes to revise certain provisions related to the formation and operation of captive insurance companies

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Catastrophe product launched for LatAm SMEs

Charles Taylor has launched a new asset protection programme for Latin American small and medium-sized enterprises, designed to protect them from the costs of catastrophe insurance deductibles

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Aon and SS&C launch ILS platform

Aon Insurance Managers and SS&C Technologies have launched a joint platform intended to simplify insurance linked-securities (ILS) management...

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Delaware launches search for new captive director

The Delaware Department of Insurance is on the hunt for a new director of its bureau of captive insurance and financial products

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Potential tax reforms pose questions for captives

Captive insurers should pay attention to US President Donald Trump’s proposed tax reforms, but they shouldn’t get in the way of formation, according to JLT Insurance Management’s Anne Marie Towle and Thomas Stokes

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Beecher Carlson expands US operations

Beecher Carlson Insurance Services has expanded its operations in the US with the appointment of Keith Newell as managing director

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IAIS names new secretary general

Jonathan Dixon has been named the new secretary general of the International Association of Insurance Supervisors (IAIS), effective following the IAIS Annual Conference in November

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Alabama: 2016 ‘a new high point’ for captive growth

The Alabama Department of Insurance has revealed that 11 captives, two protected cell captives and one risk retention group were formed last year

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