August 10, 2022
Tennessee regulators, who for years have touted the state as a comfortable home for captive insurance companies, have announced that the state government has created its own captive. The state is self-insured for property and general liability, but the Tennessee …
July 7, 2020
Talisman Casualty Insurance Co. of Nevada has launched a surety program designed to help its captive clients avoid the possibility of losses caused by a failure on the principal’s part to meet the obligations of their contracts. Surety bonds are …
April 10, 2019
North Carolina continues to experience growth in its captive insurance industry as it enters its sixth year and has emerged as one of the nation’s leading captive insurance domiciles, according to a statement from North Carolina Insurance Commissioner Mike Causey. …
January 19, 2018
The state of Tennessee saw domestic captive insurance companies exceed $1 billion in written premiums in 2017 for the first time – a milestone for Tennessee’s burgeoning captive insurance marketplace. In addition to setting a new benchmark in premiums, the …
November 7, 2017
Allianz Global Corporate & Specialty SE (AGCS) has successfully trialed blockchain technology for a global captive insurance program, which facilitates cash transfers between countries. AGCS’s Allianz Risk Transfer (ART) business has teamed up with EY (Ernst & Young) as blockchain …
June 21, 2017
Texas Gov. Greg Abbott has signed a measure that tweaks Texas law relating to captive insurance companies. Abbot signed House Bill 1944 on June 15. The bill was authored by Jim Murphy (R – Houston) and sponsored in the Senate …
January 13, 2016
Oklahoma’s captive insurance industry grew in 2015 with the licensing of 26 captive insurers, the Oklahoma Insurance Department announced. With the addition of the 26 new captives, Oklahoma currently regulates 73 captive insurers. Captive insurers in general are insurance companies …
July 14, 2015
Companies looking to form captives in Georgia can now do so with more favorable conditions since the passage of several business-friendly amendments to the Georgia captive insurance law, which became effective July 1. The effort to make the changes to …
June 24, 2015
Amendments proposed to the North Carolina Captive Insurance Act by the North Carolina Department of Insurance were met with unanimous support from the N.C. General Assembly and signed into law on June 19, 2015. Some of the amendments include: Clarifying …