AM Best has revised the outlook of Associated Electric & Gas Insurance Services from stable to positive and affirmed its financial strength rating of A- (Excellent) and issuer credit rating of ‘a-’...
Toyota’s captive rating was revised from a stable to a positive outlook and the financial strength rating of A- (excellent) and issuer credit rating of “a-” was affirmed...
Captive insurance was one of the few divisions that escaped significant restructuring at Allied Systems Holdings, a US automotive transportation companies....
Labuan Financial Services Authority's (LFSA) operating income for the fiscal year ended 31 December 2011 rose to RM26.9 million from RM23 million in the same period 2010...
Memphis bank First Horizon has been accused by two borrowers of putting up fees in its captive reinsurance programme. The lawsuit claims First Horizon’s scheme sent $46.3 million in kickbacks...
Via Christi Health, a Kansas-based health care system, has been allowed by the Labor Department to fund life insurance risks through the US Virgin Islands branch of its Cayman Islands captive insurance company...
Jeremy Cox, the CEO of the Bermuda Monetary Authority (BMA) said Solvency II equivalence will open Bermuda up to international business...
A new law that lowers capital requirements is predicted to augment captive insurance in Florida. The law, which takes effect on the 1 July, was commended by governor Rick Scott as he spoke with business leaders in Miami...
The Farm Credit System Association captive insurance company (FSAC) in Connecticut has achieved a financial strength rating of A (Excellent) and issuer credit rating of a+ by A.M. Best, with the outlook for both ratings stable...
A new programme jointly created by Delaware’s insurance department and the University of Delaware has graduated its first class of 25 participants...
The US State of Oklahoma’s legislature has approved a premium tax cap of $100,000 for captive insurance companies...
XL Group is now accepting collateral trusts in leiu of letters of credit (LoCs) as collateral for corporate deductible and captive insurance programmes in the UK...