Burlington, VT – When JLT Towner US became a joint venture partner of Jardine Lloyd Thompson Group plc (JLT), we did so knowing that increasing our global capabilities would benefit many of our multinational clients. That benefit is more than geographic, as evidenced by the two UK Captive Services awards JLT Insurance Management (Guernsey) Ltd. recently won.
Burlington, VT – When organizations evaluate whether to retain risk through a captive or transfer a portion of risk through the insurance marketplace, they need to consider trends that are specific to their industries. This specificity has never been more important than it is for the healthcare industry today.
Burlington, VT – The chorus saying captives weren’t intended to be governed by the federal Dodd-Frank law grew larger late last week when U.S. Congressman Scott Garrett (R-NJ) added his voice. Garrett’s voice is particularly important, since he is a primary sponsor and coauthor of the Nonadmitted and Reinsurance Reform Act (NRRA), a key part of the Dodd-Frank Act for many captives.
Burlington, VT – The U.S. House of Representatives introduced a bill Tuesday to extend the Terrorism Risk Insurance Act (TRIA) through the end of 2019. TRIA, which was enacted in 2002 and extended since, is currently scheduled to expire at the end of 2014.