UK Insurers Call for Rule Change to Establish Captive Insurance Regime August 19, 2024 By Katherine Griffiths Senior figures in the insurance industry are calling on the UK to restart work on a potential new market worth...
NC Lawmakers Ratify Bill That Trims Taxes on Captives, Risk-Retention Groups June 28, 2024 North Carolina, already ranked among the top states for captive insurance firms, could soon become a little more attractive for...
Oklahoma Insurance Department to Hold Inaugural OK Captive Day June 27, 2024 The Oklahoma Insurance Department (OID) announced it will hold the inaugural OK Captive Day on Tuesday, August 20, 2024. This...
Apollo Launches Captive Syndicate at Lloyd’s June 3, 2024 Apollo Syndicate Management Ltd., the Lloyd’s managing agent, announced the launch of the first captive syndicate to be launched under...
Excellent Ratings for Pfizer’s Property Captive in Vermont Are Affirmed May 10, 2024 AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a+” (Excellent)...
Iowa Governor Signs Bill Lowering Reinsurance Tax for Captive Companies April 23, 2024 Iowa will lower the amount of reinsurance tax due from some captive companies under a bill signed by Governor Kim...
Oklahoma Captive Insurance Program Achieves 31% Net Gain in 2023 February 22, 2024 Oklahoma’s captive insurance program reported a 31% net gain in 2023, the Oklahoma Insurance Department said. OID issued 20 new...
Captive Insurance Expert Pleads Guilty to Aiding Solar Ponzi Scheme Leaders February 12, 2024 By Insurance Journal Staff Reports Remember the Carpoffs, the California couple sent to prison in 2021 and 2022 for running a $1 billion Ponzi scheme...
Connecticut Sees Growth in Captive Insurers for Fourth Straight Year January 18, 2024 Commissioner Andrew Mais of the Connecticut Insurance Department announced a 37% increase in the state’s captive insurance sector in 2023....
Vermont Continued to See Steady Growth in Captives in 2023 January 17, 2024 The Vermont Department of Economic Development reported the state licensed a total of 38 new captive insurance companies in 2023,...