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Captive Insurance Industry Announcements

May 23, 2016:  Save the date for the 2017 World Captive Forum, scheduled for January 29-31, 2017 in Boca Raton.  Preliminary information is now posted to the Conferences and Events page.

May 19, 2016:  On June 7, The DeSoto Holland Wealth Management Group/ Morgan Stanley will be hosting a networking breakfast in Charlotte, NC for professionals working in the captive insurance industry. The event will feature a short discussion “On the Markets” by Jeff Snyder with Morgan Stanley. Details and contact info has been posted on the Conferences and Events page.

May 17, 2016:  The Early Bird registration deadline for SIIA’s 36th Annual National Conference and Expo is less than a month away. This event takes place from September 25-27 in Austin, TX.  You will find a registration form on the Conferences and Events page for your convenience, or you may register online at

May 11, 2016: 

  • Amended Vermont Captive Legislation Signed Into Law.  Technical enhancements include governance standards, expanding dormancy and allowing for cells to be transferred, sold, assigned or converted to stand alone captives without affecting the rights or obligations of the cell. [More]
  • Industry Movers and Shakers: Brentwood Reinsurance Intermediaries Inc. Appoints William (Bill) J. Hodson As Senior Vice President.  Congratulations to all on this good news!
  • continues to be impressed by the work done by SIIA in service to the alternative risk transfer industry.  We have long advocated for captive and self-insurance associations to be more involved in  education, and to be proactive in political outreach, and we note that it is SIIA that is taking on these challenges.
    • The Self-Insurance Educational Foundation (SIEF) has  released a new video highlighting captive insurance solutions for mid-market companies, including stop-loss captive programs, enterprise risk captives, and property & casualty group captives. More info and access to the video is provided here

      Website visitors who may be interested in self-insured health plans, SIEF has produced a video for you too.  The Foundation offers many white papers and other useful educational materials that you will love.  
    • A second outstanding initiative offered by SIIA is SIPAC -- the Self-Insurance Political Action Committee.  Many of you appreciated the flurry of federal tax extenders for 831(b) ERC captives updates we received late in 2015 from Ryan Work on legislative matters emanating from Washington.  We anticipate another update from Ryan very shortly.  Ryan is SIIA's lobbyist on Capitol Hill, and has done a remarkable job thus far.  Such initiatives are costly.  SIPAC is currently hosting a number of fund raising dinners for supporters.  Chris Mancini was delighted and impressed with the dinner that was held at the Capital Grille in Hartford last Tuesday. 

      SIPAC contributions are welcome, but SIIA membership is required to participate.  Find more information here.

May 4, 2016:

  • It's official. We reported on April 9th that a feasibility study for a stop-loss captive insurance co-op was underway.  Here is an update on progress to date.

    According to an article in today's Journal Inquirer, "Faced with a 10 percent increase in the town’s annual premium for private health insurance, the Board of Selectmen on Tuesday voted to sign on to an option that would save the town $128,000. Officials said the new nonprofit state “stop-loss captive” insurance cooperative of area cities, towns, and school districts would save the town $128,000 and possibly more in subsequent years." The captive will be called CT Prime Inc. 

    Follow this link to the full article.
  • Artex Risk Solutions today announced that it has acquired Quest Holdings (Gibraltar) Ltd., the largest insurance manager in Gibraltar. Congratulations to all!  [Full story]

May 2, 2016:  May 24 from 1-2 is the date and time for Crowe Horwath's complimentary webinar, "Impact of the NAIC Cybersecurity Model Law on Insurance Organizations." See the Conferences page for more info and link to register.

April 27, 2016:  

  • Hanover Stone Partners Appoints Dan Labrie as Senior Risk Advisor.  Our congratulations to HSP and Dan on this great news!
  • July 7 is the date for the popular ILS Insight event in Zurich.  See the Conferences and Events page to download the brochure for this important event.

    There is more information on Insurance Linked Securities in Guernsey, available from the Articles page.  Why real risk?  What are Insurance Linked Securities?  Investing in Real Risk – Guernsey's Growing ILS Sector by Mark Helyar will answer your questions on this topic.  This article lays out the appeal of investing in real risk to the savvy insurance investor, with a focus on the growing ILS market in Guernsey. The article is available in web and downloadable formats.  [Take me there now]

April 25, 2016: 

  • On April 22 (see below), we reported minimal information on Alabama's amended captive legislation that is awaiting the governor's signature.  We now have both the marked up Alabama captive legislation, as well as a summary that the jurisdiction offers.  Links to both are provided here:

April 22, 2016:

  • Alabama passed its initial captive insurance legislation in 2006.  On April 19, amended Captive insurance legislation passed the Alabama Senate 29/0.  The bill now moves on to the governor for his signature.  The major amended areas include the following:
    • Modernization of the language and capital requirements for Protected Cell captives
    • Captives may form as any entity allowed under law, including Series LLCs and mutuals
    • Initial capital requirements are updated for some captives
    • Captives may obtain a 60-day provisional license
    • Clarification of premium tax requirements and codifying current Insurance Department practices regarding how premium taxes are levied

      For details on Alabama Captive Insurance, visit the Alabama Department of Insurance captive website for legislation (we assume this is the version that precedes the above modifications) and  forms. Regulations and more may be found here.

April 21, 2016:  Two captive events were just added to the Conferences and Events page. 

  • June 7-8: Tennessee Captive Insurance Association's Summer Spotlight
  • September 19-20, Delaware Captive Insurance Association Fall Forum

April 18, 2016:  Attorney Tim A. Tarter, Esq., Woolston and Tarter, LLC will be the Keynote speaker for the NCCIA 2016 Annual Conference taking place at the Ballantyne Hotel in Charlotte, NC from Aug. 22-24. Tarter is the Taxpayer's Counsel in the pending Avrahami Tax Court Case. The impressive agenda for this year's conference is now available from the Conference Calendar.  Register now and book your hotel room too.  Early bird registration ends on July 15th. 

April 15, 2016:  The Friendly Society Restored just sent out this sad news, which we pass on:

We are sorry to inform all of our members that Mr. John O'Brien passed away this morning with his dear wife, Diane, and other loved ones by his side.

We will inform everyone of the funeral arrangements/memorial as soon as the information is provided to us from Mrs. O'Brien.  Please keep her in your thoughts and prayers.

It is a very sad day for the South Carolina Domicile.

There is much celebration in heaven this day on John's arrival, even as those of us left behind who knew and loved John weep.  He will be missed. As more information becomes available, we will pass it on.

April 14, 2016: 

  • All Enterprise Risk Captive Best Practices articles are now indexed on a single page to make it easier for you to find the topic you need.  Access this resource easily from the new menu item at the top of all pages.
  • News from SIIA - Captive professionals, please see closing statement on this story, and consider sharing your success stories! Positive Self-Insurance Stories Reach Millions of Readers
  • You won't want to miss a fine complimentary webinar presented by Johnson Lambert entitled  Demystifying the World of Cat Bonds, Sidecars, and other “Alternative Capital” Transactions.  This event will take place on Tuesday, May 3, from 2:00-3:00 EDT.  Who's on the panel? What will be discussed?  Find out more, then register from the Conferences page. 

April 13, 2016:  SIIA 2016 Conference in Austin to Feature Captive Insurance Education and Networking Opportunities.  A "must attend" event, the upcoming Self-Insurance Institute of America, Inc. (SIIA)  National Conference & Expo will feature unique educational and networking opportunities for captive insurance industry professionals, particularly those involved with middle-market employers. The conference will be held September 25-27, 2016 at the JW Marriott Hotel in Austin, TX. [Full story...]

April 12, 2016:  Couldn't be at RIMS this year?  Catch up with RIMS TV!

April 9, 2016:  Interesting article posted today in the Journal Inquirer newspaper, concerning the town of Windsor, Connecticut having voted to join a stop-loss captive for town employees.  Should the captive be approved in the state, the JI reports that town expects to save $11,000 this fiscal year, while avoiding a potential $30,000 premium increase had they not decided to use the captive. 

The Capitol Region Education Council (CREC) is conducting the feasibility study for the captive.  CREC will reportedly pay the captive's startup costs, and the members will repay it.  We look forward to hearing how this captive will progress in the coming months, and will be sure to keep you posted  More information is available on the JI website here

April 7, 2015: 

  • Captive Domicile Update:  On April 6th, North Carolina Insurance Commissioner Wayne Goodwin announced that the North Carolina captive insurance company program continues to have a positive economic impact on the state following its second full year of operation.

    A study conducted by the North Carolina Department of Insurance found the impact from the program was approximately $15.3 million in 2015, an increase of $12.8 million over 2014. The benefits include premium taxes paid to the state of North Carolina by captive insurers licensed in the state and service provider and hospitality revenues generated by North Carolina businesses that provide services to the captive insurance company industry.

    Currently, 336 risk-bearing captive insurance entities are under the regulation of NCDOI, including 96 captive insurers and approximately 240 cells or series.  The jurisdiction looks forward to another successful year in 2016.  [To full story written by NCDOI staff]
  • Usage of Medical Stop Loss Captives Growing as Companies Seek to Better Control.  QBE offers complimentary white paper.  [Full story]  [Download Printable Version]
  • Atlas Welcomes Seasoned Professional, Steve Coffield, as Senior Vice President- Finance & Compliance.  Atlas Insurance Management (Atlas), a Charlotte-based captive insurance management firm, has added Steve Coffield, CPA, a successful financial executive, to the growing team. Coffield joins Atlas as Senior Vice President – Finance & Compliance. [More]

April 5, 2016: 

  • Today USA Risk Group Malta has finalised the acquisition of Island Insurance Management Limited. John Tortell of USA Risk Group Malta confirms his delight at this acquisition and highlighted the fact that there will be continuity of staff and directors on the company for the benefit of the company clients. Follow this link for contact information.  Our congratulations to all!
  • led the pack on the important BEPS issue back in March with BEPS, tax harmonization and the current bad press by Hugh Rosenbaum.  Hugh's radical views on this topic conclude a compelling article posted to the Articles page.   All new articles are also available in Printable pdf.
  • More details on the acquisition of Hexagon and Kane by Artex.  Carey Olsen's Christopher Anderson noted, "This is likely to be the largest Guernsey insurance acquisition of the year and will almost certainly be the most significant which is testament to our team's unrivalled depth of experience in this area." ... [More]
  • And, while we are thinking ILS in Guernsey, we remind you of one of our newer articles on this topic.  Why real risk?  What are Insurance Linked Securities (ILS)? Investing in Real Risk – Guernsey's Growing ILS Sector   by Mark Helyar will answer your questions on this topic.  Here, Mark lays out the appeal of investing in real risk to the savvy insurance investor, with a focus on the growing ILS market in Guernsey. 

    This popular article is now available in downloadable printable pdf versionThe links to this article in both versions (and many more) are now posted to the Articles page.

April 4, 2016:  All articles from Issue 1 of Captive Visions are now available in high-res pdf from the Articles page.  Enjoy! 

April 1, 2016: BREAKING News -  Floating Captive Domicile Re-Emerges Off Coast Of Alaska: Passes Existential Cell Captive Legislation. Will IRS Respond with Existential Tax?  by Tony Dowding


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