Over the past few years some risk retention groups have run into issues registering in nondomiciliary states. As a result, the National Risk Retention Association (NRRA) has made education regarding the language of the Liability Risk Retention Act as it pertains to the registration process a priority. The Iowa Insurance Division (the Iowa Division) currently requires risk retention groups to …
CICA Seeing High Demand for
International Conference
The Captive Insurance Companies Association (CICA) will be holding its annual conference from March 6 to 8, 2022 at the JW Marriott Star Pass Hotel & Spa in Tucson, Arizona. The deadline for early bird registration, and to lock in the discounted room rate at the Marriott, is February 10, 2022. CICA recently announced that they had expanded the exhibit …
Longtime South Carolina Regulator Jeff Kehler Passes Away
Jeff Kehler, who served as the Captive Program Administrator for the South Carolina Department of Insurance (the Department) for over 13 years, passed away on January 18, 2022. Kehler left the department in March of 2019 to join Somers Risk Consulting, LLC. “Jeff was a well-liked and respected regulator in South Carolina and had transitioned to the captive management side,” …
NRRA Announces 2022 Agenda, March Leaders Summit
The National Risk Retention Association recently announced the 2022 RRG Leaders Summit (Summit) to be held on March 15, 2022, at the Sofitel in Los Angeles at Beverly Hills. The focus of the Summit will be on RRG Opportunities & Challenges in Today’s Market. The Summit follows a successful in-person held by NRRA in November 2021. “The Summit is a …
Joe McDonald to Lead South Carolina Captive Division
Joe McDonald will be rejoining the South Carolina Department of Insurance (the Department) as the Director of its Captive Insurance Division. McDonald previously served as a licensing coordinator and consumer liaison at the Department from 2008 to 2020. McDonald most recently acted as the Captive and Risk Finance Product Manager at the International Risk Management Institute, Inc. “It is my …
Vermont Sees Strong Captive Growth, Announces 2022 Conference Details
Vermont licensed 45 new captive insurance companies in 2021, the fourth highest yearly formation rate in the domicile’s history. In addition, Vermont announced that its 2022 annual conference will be held in-person from August 8-11, 2022. “Vermont continues to be a global leader in the captive industry and has proven, once again, to deliver high-quality regulatory oversight and partnership that …
Risk Retention Roundup
This month one new risk retention group was added to the Risk Retention Reporter listings, and no RRGs were deleted, taking the total number of risk retention groups up to 237. No new purchasing groups were added to the Risk Retention Reporter listings, and no PGs were deleted, leaving the total number of PGs at 1032. This month’s new risk …