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CICA: regulators at a loss

Medical stop-loss is becoming more common among healthcare employers, according to a presentation at the Captive Insurance Companies Association (CICA) International Conference in Scottsdale, Arizona...

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Healthcare RRG remains strong

A.M. Best has assigned a financial strength rating of “A (Excellent)” and an issuer credit rating of “a” to COPIC, a risk retention group based in the District of Columbia...

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GC Securities raises cat bond protection for Munich Re

GC Securities has confirmed the placement of principal at-risk notes worth $100 million through a newly formed catastrophe bond, Queen Street Re IX Limited, to benefit Munich Re...

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Swings and roundabouts in Vermont and California

Vermont is embracing run-off business with a new proposed law but California is challenging risk retention group reinsurance with a new renewal form, according to captive management firm JLT Towner...

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CICA: taxing times for captives

Legal experts have warned against IRS scrutiny and cascading tax issues in an attempt to educate captive owners and managers...

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CICA: lower cat losses to boost underwriting profitability

Lower catastrophe losses in the US during 2013 are expected to yield strong underwriting profitability in the coming year, according to a presentation at the Captive Insurance Companies Association International Conference in Scottsdale, Arizona...

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NAIC wants Dodd-Frank clarifications

The US Senate Banking Committee must consider amendments to the US Dodd-Frank Act so that policyholders are not put at risk, according to the National Association of Insurance Commissioners...

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Montpelier picks Charles Taylor for claims management

Lloyd’s underwriter Montpelier has selected Charles Taylor Insurance Services’s TRAX-TCM claims workflow and diary management system...

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CICA: regulation still number one

State and federal regulatory issues are still the number one concern for captive managers, according to the Captive Insurance Companies Association’s most recent market survey...

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CICA: mixed messages from 2014 projections

Growth in insurance premiums has been forecast for 2014, according Dr Anne Gron...

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Captive tax increase under consideration in NY

A proposed tax reform in New York could result in a significant tax increase for captives, according to Sutherland Asbill & Brennan LLP...

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Bidmead moves up at Marsh

David Bidmead is taking over as global multinational client service leader and chair of the multinational executive committee at Marsh, effective 1 April...

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