News
AM Best affirms ConocoPhillips captive rating
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.
MAXIS enhances its pool solution to with multi-employer pool
MAXIS Global Benefits Network is enhancing its MAXIS global pool solution to include a multi-employer pool (MEP).
Kansas introduces PCC legislation, offers tax relief to re-domestications
Kansas Governor Laura Kelly has approved House Bill 2334 permitting sponsors to form a protected cell captive (PCC) in the State.
Arkansas passes two new captives bills
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.
Kaj Samsom appointed Vermont commissioner
Kaj Samsom has been appointed commissioner of the Vermont Department of Financial Regulation (DFR), which includes the Captive Insurance Division.
Ryan Specialty to acquire USQRisk
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.
Sustainability-linked captive programmes expected to grow
The number of captive-backed insurance programmes with adjustable premiums linked to sustainability and environmental performance are expected to increase.
France licences Bel Group and Agrial captives
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.
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