Luke Harrison

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.

Bermuda has seen significant growth in its segregated accounts company (SAC) porfolio, with a “noticeable” increase in the number of registered cells, according to Timae Flood, deputy director of supervision for insurance at the Bermuda Monetary Authority (BMA). 

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 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).

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.

Bermuda currently has 15 different licence classes, which Richmond says do not only distinguish the types of risk being written but also differentiate the investors and stakeholders involved.

SRA 831(b) Admin, along with Drake Insurance Co. and Drake Plastics Ltd. Co., have filed a suit against the Internal Revenue Service over their treatment of 831(b) micro captives.

Bermuda-domiciled Member Insurance Ltd is diversifying its membership as well as expanding its commercial auto coverage, the company’s president and CEO, Scott Reynolds, told Captive Intelligence.