When is an insurance commissioner not a governmental authority? A federal district judge reminds us that a state insurance commissioner, when acting as receiver of an insolvent insurer, acts in a different capacity to his governmental role. This principle can …
Michigan State University continues to explore its insurance coverage options with regard to sexual assault or molestation claims brought against the school after rejecting renewal coverage offered by its long-term liability insurer and setting up its own captive insurer for …
USA Risk Group (USARG), a Barre, Vt.-based independent captive management firm, has promoted Cindy Lyford to senior vice president. Lyford currently serves as office head for the Vermont and Western domiciled captive insurance business. Prior to her promotion, she served …
USA Risk Group, a Barre, Vt.-headquartered independent captive management firm, has named Peter Rasmussen vice president of business development. Rasmussen will be responsible for driving all sales activity, and in this role, he will work closely with the organization’s subject …
USA Risk Group (USARG), a Barre, Vt.-headquartered, independent captive management firm, has appointed Stephen Roseman as president and CEO. Roseman will lead USARG’s Operational Leadership Team (OLT) that has been in place since 2016 and be responsible for executional oversight …
Hanover Stone Partners, a risk management services firm, and USA Risk Group, an independent captive management firm, have collaborated to offer captive management, governance and related services to businesses and other commercial entities. The two firms will provide a full …
Spencer Capital Holdings Ltd., the parent company of reinsurer Spencer Re, has agreed to acquire USA Risk Group, an independent captive insurance manager based in Barre, Vermont. Financial terms of the transaction were not disclosed. The transaction is subject to …
