Zach Almond appointed NCCIA president, Thomas Adams to retire

-

May 19, 2025

Zach Almond is set to become president & CEO of the North Carolina Captive Insurance Association (NCCIA) on 1 October.

Thomas Adams has served in the position since the inception of the NCCIA in 2013 and will retire on 30 September.

Subscribe to Ci Premium to continue reading

Captive Intelligence provides high-value information, industry analysis, exclusive interviews and business intelligence tools to professionals in the captive insurance market.

Start a FREE TRIAL now.

Or, view Membership Options and Group Discounts.

Already a subscriber? Log in here

AstraZeneca deploys “captive first” approach – Kevin Steed

Luke Harrison

-

May 16, 2025

0

AstraZeneca deploys “captive first” approach – Kevin Steed

When it comes to insuring AstraZeneca’s risk, the firm uses a ‘captive first’ approach, according to Kevin Steed, head of group insurance at AstraZeneca.

AstraZeneca is a global, biopharmaceutical business headquartered in Cambridge in the United Kingdom.

Subscribe to Ci Premium to continue reading

Captive Intelligence provides high-value information, industry analysis, exclusive interviews and business intelligence tools to professionals in the captive insurance market.

Start a FREE TRIAL now.

Or, view Membership Options and Group Discounts.

Already a subscriber? Log in here

Ken Rosenfield joins Dental Protection Group (DPG) board of directors

Luke Harrison

-

May 15, 2025

0

Ken Rosenfield, CPA, and CEO of Rosenfield & Co., is the first member to join Dental Protection Group (DPG)’s board of directors.

DPG provides dentists, dental service organisation (DSOs), and dental labs with financial tools designed to protect procedures, retain patients, and build long-term wealth.

Subscribe to Ci Premium to continue reading

Captive Intelligence provides high-value information, industry analysis, exclusive interviews and business intelligence tools to professionals in the captive insurance market.

Start a FREE TRIAL now.

Or, view Membership Options and Group Discounts.

Already a subscriber? Log in here

Skyward Specialty appoints Corey LaFlamme as president, captives and specialty programmes

Luke Harrison

-

May 15, 2025

0

Skyward Specialty Insurance Group has appointed Corey LaFlamme as president of captives and specialty programmes, which the firm said will support its continued growth in one of the fastest-expanding segments of the specialty market.

Kirby Hill, who has played an important role in building Skyward Specialty’s captives & specialty programmes divisions, will assume the role of chairman of the unit.

Subscribe to Ci Premium to continue reading

Captive Intelligence provides high-value information, industry analysis, exclusive interviews and business intelligence tools to professionals in the captive insurance market.

Start a FREE TRIAL now.

Or, view Membership Options and Group Discounts.

Already a subscriber? Log in here

Washington fines Tennessee cell captive for operating without registration

Luke Harrison

-

May 15, 2025

0

Washington fines Tennessee cell captive for operating without registration

The Washington State Office of the Insurance Commissioner (OIC) has fined a Tennessee cell captive $5,000 for operating in the State without registering with the OIC.

In a consent order issued on 28 April, the Commissioner said WCC PCS 2023-20, a cell within Maple Shade Assurance, had originally applied to be registered to operate in Washington in March 2023, but had been refused.

Subscribe to Ci Premium to continue reading

Captive Intelligence provides high-value information, industry analysis, exclusive interviews and business intelligence tools to professionals in the captive insurance market.

Start a FREE TRIAL now.

Or, view Membership Options and Group Discounts.

Already a subscriber? Log in here

Ex-UBS team launches 1280 Financial Partners, offers captive services

Luke Harrison

-

May 13, 2025

0

A team of asset management advisors has left UBS to launch 1280 Financial Partners, an independent advisory firm in the United States.

The company’s services include professional asset management for insurance companies, including captives, deferred compensation and other retirement plan strategies, cash management, business valuation, and exit strategies.

Subscribe to Ci Premium to continue reading

Captive Intelligence provides high-value information, industry analysis, exclusive interviews and business intelligence tools to professionals in the captive insurance market.

Start a FREE TRIAL now.

Or, view Membership Options and Group Discounts.

Already a subscriber? Log in here

AM Best affirms rating of NiSource captive

Luke Harrison

-

May 13, 2025

0

AM Best has affirmed the financial strength rating of ‘A’ (excellent) and the long-term issuer credit rating of “a” (excellent) of Utah-domiciled NiSource Insurance Corporation (NICI). The outlook for the ratings is stable.

NICI is a single parent captive owned by US utility company, NiSource, providing all-risk property, workers’ compensation, excess general and automobile liability, medical stop-loss, long-term disability, group life insurance and punitive damage coverage for the parent and its affiliates.

Subscribe to Ci Premium to continue reading

Captive Intelligence provides high-value information, industry analysis, exclusive interviews and business intelligence tools to professionals in the captive insurance market.

Start a FREE TRIAL now.

Or, view Membership Options and Group Discounts.

Already a subscriber? Log in here

Luzern Risk investment opportunity to “accelerate” technology

Luke Harrison

-

May 13, 2025

0

The additional $12m funding received from Caffeinated Capital will help Luzern Risk meet market demand and accelerate its investment in technology, according to Gabriel Weiss, CEO & co-founder of the captive manager.

XN Captive rebranded to Luzern Risk last month, in addition to receiving the $12m investment from Caffeinated Capital.

Subscribe to Ci Premium to continue reading

Captive Intelligence provides high-value information, industry analysis, exclusive interviews and business intelligence tools to professionals in the captive insurance market.

Start a FREE TRIAL now.

Or, view Membership Options and Group Discounts.

Already a subscriber? Log in here

Javits Centre to form captive, permitted by New York state budget

Luke Harrison

-

May 12, 2025

0

New York governor Kathy Hochul has signed the FY2026 state budget into law, which allows the New York Convention Centre (Javits Centre) to create a pure captive insurer.

The insurance law has been amended by expanding the definition of industrial insured to include the Javits Centre, allowing it to be among the specifically named entities authorised to form a captive after applying to and being licensed by the New York Department of Financial Services.

Subscribe to Ci Premium to continue reading

Captive Intelligence provides high-value information, industry analysis, exclusive interviews and business intelligence tools to professionals in the captive insurance market.

Start a FREE TRIAL now.

Or, view Membership Options and Group Discounts.

Already a subscriber? Log in here

Arizona Governor passes HB 2193, reduces cell surplus requirement and allows dormancy

Luke Harrison

-

May 12, 2025

0

Arizona governor Kate Hobbs has signed into law HB 2193 that reduces the minimum unimpaired paid-in capital and surplus that a protected cell must possess and maintain from $500,000 to $250,000.

The Bill allows for a captive to apply to the Arizona Department of Insurance and Financial Institutions (DIFI) for a certificate of dormancy.

Subscribe to Ci Premium to continue reading

Captive Intelligence provides high-value information, industry analysis, exclusive interviews and business intelligence tools to professionals in the captive insurance market.

Start a FREE TRIAL now.

Or, view Membership Options and Group Discounts.

Already a subscriber? Log in here