Captives

Vermont increased its number of captive insurance companies in 2011 from the two previous years as the state continues to see growth in that industry, capturing six captives that were domiciled elsewhere.

The Risk and Insurance Management Society, Inc. (RIMS) today announced that Deborah M. Luthi, will serve as president for the 2012 term, effective Jan. 1.

Four industry associations are speaking up for a risk retention group, requesting that the federal Ninth Circuit Court of Appeals uphold a decision by the Nevada District Court in July 2011 to allow the RRG to continue operating, despite the state's efforts to shut it down.

Enterprise risk management continued to move more toward the mainstream in Corporate America this year, with its implementation being driven by anxious boards and by CEOs more acutely aware than ever of the need to understand and mitigate existential threats.

Yesterday, while walking along the beautiful Hudson River in Hoboken, N.J., I couldnt help but reflect on my 11 years working for National Underwriter. In fact, my anniversary falls next week. The view here, just a short walk from our office, is one of the best in the world.

Faced with continuing aftershocks and earthquakes, New Zealands property and casualty insurance market is in flux, as it also adjusts to regulatory developments. Both factors are making captive insurance more attractive.