Captives

Legislation passed last weekend will allow the formation of captive insurers in Tennessee as of July 1, according to a spokesperson.

Watch as we tour the showfloor and meet the elected leader of a country; hear about a solution for workers' comp "predators"; and learn about a new program to embed fraud specialists within a risk department.

Captives in Vermont will enjoy greater protection of their assets now that a bill has been passed by the state legislature that will allow for the separation of risk within a captive cell.

The Captive Insurance Companies Association says an article on captives written in The New York Times this week “completely misses the point” and is “impossible to correct.”

European Union captive insurers most likely will see higher costs, increased capital requirements and tightened enterprise risk management standards with Solvency II implementation, says rating agency A.M. Best Co.

A page-one New York Times article this week slammed state captive insurance laws, stating that they allow companies to “conduct Bermuda-style financial wizardry” in the U.S., but the Times company, it turns out, has its own captive domiciled in New York.

A page-one New York Times article this week slammed state captive insurance laws, stating that they allow companies to “conduct Bermuda-style financial wizardry” in the U.S., but the Times company, it turns out, has its own captive domiciled in New York.

An article in The New York Times comparing captive insurance to “the shadow banking system” has Vermont’s captive regulator puzzled and frustrated, because while some of the observations are true, they don’t add up to a fair representation of the captive industry, he says.