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Delaware Captive Insurance Legislation Signed by Governor

State’s dormancy laws now offer greater flexibility
With the Governor’s recent signature, Delaware’s Captive Insurance Division is celebrating increased flexibility in its offerings to captive insurance companies. Senate Substitute 1 for Senate Bill 36 allows captives to be classified as registered series, offers clarity to provisions regarding insuring a parent company, and allows for a captive to enter dormancy after 12 consecutive months of inactivity, rather than requiring a calendar year of inactivity.
“We continue to work to streamline processes to maintain our status as one of the most attractive captive domiciles,” shared
Insurance Commissioner Trinidad Navarro . “In the past, if a company stopped writing insurance business mid-year, they would need to wait 18 months to file for dormancy in order to satisfy the calendar year provision and become eligible, and requiring the captive to pay premium taxes and continue to submit statements to th ....

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Delaware Captive Insurance Legislation Signed by Governor

Delaware Captive Insurance Legislation Signed by Governor
delaware.gov - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from delaware.gov Daily Mail and Mail on Sunday newspapers.

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Vermont Captive Insurance Recognizes George Chaffee, Pioneer of Captive Industry

Vermont Captive Insurance Recognizes George Chaffee, Pioneer of Captive Industry
benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.

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Vermont's captive industry celebrates the life of George Chaffee

Vermontâs captive industry celebrates the life of George Chaffee
23-02-2021
10-02-2021
Phil Scott, the Governor of Vermont, has paid tribute to George Chaffee, the author of the state’s captive insurance legislation, after he passed away on February 6, 2021.
Chaffee was the former president and founding board member of the Vermont Insurance Institute at Champlain College, which is now known as the International Center for Captive Insurance Education (ICCIE) at the University of Vermont. He was also a founding director of the Vermont Captive Insurance Association (VCIA).
“While I didn’t have the privilege of knowing him personally, by all accounts, George Chaffee was a tireless public servant and Vermonters will continue to benefit from his contributions to our state for decades to come,” said Scott. ....

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International Re Hires Nate Reznick as Head of US Distribution

Press release content from Newswire. The AP news staff was not involved in its creation.
International Re Hires Nate Reznick as Head of US Distribution
December 17, 2020 GMT
Head of US Distribution, I-RE
LONDON - December 17, 2020 - ( Newswire.com )
International Re (I–RE), the specialist captive insurance and reinsurance MGA, has appointed Nate Reznicek as Head of US Distribution, to continue the growth of I–RE and its revolutionary RE–PAID product in its primary market of the United States.
Nate Reznicek has built an award-winning career in the captive insurance industry, serving as a leading advocate for the captives of mid-market businesses and providing expert consulting and advisory services to independent brokers throughout the U.S. Reznicek served most recently as Director of Operations at CIC Services, LLC where he led the captive practice and serves on a number of industry boards and committees and is a faculty member for the Internation ....

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