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Richmond appointed Bima president

Richmond appointed Bima president
royalgazette.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from royalgazette.com Daily Mail and Mail on Sunday newspapers.

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Chambers Insurance & Reinsurance Guide 2021: Bermuda - Insurance

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Originally Published in Chambers Insurance & Reinsurance
Guide 2021: Bermuda
This guide provides the latest information on sources of
insurance and reinsurance law, insurance and reinsurance regulatory
bodies and legislative guidance, overseas-based insurers or
reinsurers, M&A activity relating to insurance companies,
alternative risk transfer (ART) transactions and insurtech
developments.
1. BASIS OF INSURANCE AND REINSURANCE
LAW
1.1 SOURCES OF
INSURANCE AND REINSURANCE LAW
The principal legislation governing companies in Bermuda is the
Companies Act 1981, as amended (Companies Act), under which the
majority of companies in Bermuda are incorporated by ....

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LCSWMA forms Vermont's 1,200th captive

LCSWMA forms Vermontâs 1,200th captive
10-02-2021
Vermont’s Department of Financial Regulation (DFR) has licensed the state’s 1,200th captive insurance company.
Sustainable Assurance Company was granted a license as a pure captive for Lancaster County Solid Waste Management Authority (LCSWMA) on January 1, 2021. Artex Risk Solutions serves as the captive manager.
LCSWMA collects energy, landfill, transfer station and household hazardous waste and minimises its environmental impact via a portfolio of sustainability projects, some in partnership with the private business sector.
With rising premium costs, combined with a hardening underwriting market, LCSWMA was having difficulty finding property coverage.
Robert Zorbaugh, chief executive officer of LCSWMA, said it had been an easy decision to select its domicile. “Vermont has a rich history, proven experience, and has a great reputation in the industry. We wanted to do it right and partner w ....

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Vermont Captive Celebrates 1,200th Licensed Captive Insurance Company

Vermont Captive Celebrates 1,200th Licensed Captive Insurance Company
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Vermont licenses its 1,200th Captive Insurance Company
As Vermont reaches another significant milestone for our Captive Insurance industry, we look forward to continuing to grow our reputation as a global leader in this sector and utilize our position to bring more Captives to Vermont, said Governor Phil Scott.
MONTPELIER, Vt. (PRWEB)
February 11, 2021
Governor Phil Scott announced today that the Department of Financial Regulation (DFR) has licensed Vermont’s 1,200th captive insurance company. Sustainable Assurance Company was granted a license as a pure Captive Insurance Company on January 1, 2021. It was formed by the Lancaster County Solid Waste Management Authority (LCSWMA). ....

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State reports 1,200th licensed captive insurance company

A Vermont captive assists a solid waste management authority in meeting its sustainability goals
Vermont Business Magazine Governor Phil Scott announced today that the Department of Financial Regulation (DFR) has licensed Vermont’s 1,200th captive insurance company. Sustainable Assurance Company was granted a license as a pure Captive Insurance Company on January 1, 2021. It was formed by the Lancaster County (PA) Solid Waste Management Authority (LCSWMA).
“As Vermont reaches another significant milestone for our Captive Insurance industry, we look forward to continuing to grow our reputation as a global leader in this sector and utilize our position to bring more Captives to Vermont,” said Governor Phil Scott. ....

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