If title insurance was mentioned to most captive owners, there is a chance they will not have heard of it, and it is even more unlikely that they are utilising their captives to write it.
The number of captive-backed insurance programmes with adjustable premiums linked to sustainability and environmental performance are expected to increase.
AM Best has affirmed the financial strength rating of ‘A’ (excellent) and the long-term issuer credit rating of “a+” (excellent) of Vermont-domiciled Sooner Insurance Company. The outlook for the ratings is stable.
Arkansas Governor Sarah Huckabee Sanders has signed SB 237 and HB 1821 into law, amending existing captive legislation and paving the way for a new state-owned captive insurance company.
Ryan Specialty has signed a definitive agreement to acquire certain assets of USQRisk, in which USQ will become a part of the alternative risk business within Ryan Specialty.
The French Prudential Supervision and Resolution Authority (ACPR) has granted approval for Bel Re and Agrial Réassurance, respectively, granting the two captive licences of 2025.
Richard is joined by Kristen Peed, RIMS president for 2025, to discuss what to expect at RISKWORLD in Chiago, and there is an investment update from London & Capital.