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.
Formations of new captives in the first quarter of 2025 were driven by real estate and construction companies with more than 20% coming from those sectors.
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.
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.
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.
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.
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.
South Carolina Senate Bill (SB) 210 has passed the State legislature and is now awaiting the signature of Governor Henry McMaster to be signed into law.
Richard is joined by Jeometri's Darren Wadley, founder and executive director, and Aaron Slattery, client services director, begin a discussion on cell and captive utilisation for commercial brokers and entrepreneurs.
London & Capital takes a closer look at the volatile international trade war kicked off since President Donald Trump was inaugurated for his second term and the considerations for captives and their investment strategies.
Luke hosts a discussion with Marc Bentley, head of global risk finance at IHG Plc, which owns a sophisticated multi-linecaptive in Vermont, and Mat Robinson, senior managing director and captive operations leader at Brown & Brown.