Wednesday, July 24, 2024

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Luke Harrison

Arizona assessing statute updates on dormancy, minimum capitalisation, and fees

Arizona is considering changes to its legislation that would allow captives to register as dormant, in addition to reducing minimum capitalisation requirements for captives that are not single parent.

Fitch affirms ‘BBB’ rating of Vale S.A’s captive

Fitch Ratings has affirmed Monticello Insurance Pte’s insurer financial strength (IFS) rating at 'BBB' with a stable rating outlook.

AM Best affirms rating of Quanta Services captive

AM Best has affirmed the Financial Strength Rating of ‘A-‘ (excellent) and the long-term issuer credit rating of “a-” (excellent) of Texas-domiciled Quanta Insurance Company. The outlook for the ratings is stable.

MGU structure allows for greater risk appetite – Thomas Keist

By operating as a managing general underwriter, SRS Altitude can access a larger pool of capacity and risk appetite compared to competitors that only have access to the appetite of a single carrier, Thomas Keist, chief commercial officer at SRS Altitude, told Captive Intelligence.

Association captive formed to reduce premiums for New York affordable rentals

Leaders in affordable housing operators and government officials in New York have formed the Vermont-domiciled Milford Street Association Captive Insurance Company to help reduce premium spend.

Hope remains for progress on UK captive regime, despite Labour victory

While the Labour election victory on 4 July is expected to delay progress on the proposed United Kingdom captive legislation, local industry has not given hope of pushing the new framework through.

DoL considers ERISA exemption for pension captive transaction

The US Department of Labour (DoL) has tentatively authorized an Employee Retirement Income Security Act (ERISA) exemption for the New York-based Memorial Sloan Kettering Cancer Centre (MSKCC), concerning a pension risk transfer to its captive.

Blackwell Captive Solutions appoints Scott Lydon as national vice president

United States-based Blackwell Captive Solutions has appointed Scott Lydon as its new national vice president.

Latest Podcasts

GCP #107: Solvency II reform and Q2 investments update

Richard brings insight from FERMA on the recent Solvency II reforms that should bring some regulatory relief to EU-domiciled captives, and London & Capital provide the Q2 investments update.

GCP Short: Managing EB claims to add value to your captive programme

Richard is joined by ZGEBS' Chris Mason, Aon's Sander Brentjes and Jenny Woods, at Zurich Corporate Risk, to discuss what is involved in EB claims management.

GCP #106: Stephen Cross on captive past, present and future

Richard sits down with Stephen Cross, Group COO & Head of Innovation & Strategy at broker McGill & Partners, to discuss his captive past, present and future.