Friday, June 20, 2025

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VCIA seeking new president following Kevin Mead departure 

The Vermont Captive Insurance Association (VCIA) is seeking an experienced individual with strong leadership and managerial skills to take on the role of president of the Association.

Bruce Molnar settles with IRS, pays penalties for 831(b) promotion

Bruce Molnar, co-founder and majority owner of Alta Holdings, LLC , U.S. Risk Associates Insurance Company Limited, and Newport Re, Inc, has reached a settlement with the Internal Revenue Service.

Connecticut Senate passes House Bill 6433 

The Connecticut State Senate has passed House Bill 6433, with the bill now waiting on the Governor’s desk to be signed into law.

AM Best affirms ratings of Shell captives 

AM Best has affirmed the financial strength ratings of ‘A’ (excellent) and the long-term issuer credit ratings of “a+” (excellent) of Switzerland-domiciled Solen Versicherungen AG (SVAG) and Texas-domiciled Noble Assurance Company (Noble).

GCP Short: Analysing 2024 captive activity

Julie Patel and Rob Geraghty discuss what Marsh's annual benchmarking data tells us about the captive landscape in 2024.

Optimism surrounds UK captive project, PRA pressing ahead

There was an optimistic tone to conversations concerning the potential UK captive regime at the Airmic conference this week, as industry readies itself for further engagement with regulators.

Barbados launches consultation to enhance “overall attractiveness” of the domicile

The Financial Services Commission of Barbados has launched a consultation, with questions on legal and structural framework, financial and capital requirements and licensing timelines, among other topics.

Brown & Brown to acquire Accession Risk Management Group, Inc

Brown & Brown has entered into an agreement to buy Accession Risk Management Group, Inc, which encompasses significant captive and cell books managed by Oxford Risk Management Group and Risk Management Advisors.

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LATEST PODCASTSLogo

GCP Short: Analysing 2024 captive activity

Julie Patel and Rob Geraghty discuss what Marsh's annual benchmarking data tells us about the captive landscape in 2024.

GCP Short: Captive activity in Hong Kong, maturing Japanese, Australian markets

Richard is joined by three leaders in the Asia Pacific captive market to discuss activity and trends in Australia, Hong Kong, China and South East Asia.

GCP Short: Building pension captives

This GCP Short, produced in partnership with Aon, is focused on utilising captives for pensions strategies.

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