Alabama ranks in top 5 nationally for second consecutive year

2/28/2018 1:07:41 PM captive growth

Alabama is helping to lead the nation with positive captive growth, for the second consecutive year.  See the press release written regarding Alabama's growth by clicking HERE.  

 

Alabama Captive Association 2017 Conference

6/13/2017 4:55:13 PM conference

Registration is now open for the Alabama Captive Association 2017 Annual Conference.  We are pleased to announce it will once again be held in Birmingham at the Hyatt Regency - Wynfrey Hotel on September 18-19, 2017.  Click here to register yourself or a group from your company.

 

Alabama has experienced tremendous growth in the captive insurance industry since 2016 when new legislation made it easier and more attractive to businesses looking to transfer risk

The Alabama Captive Association is proud to announce the new Board of Directors

5/23/2017 11:05:35 PM board

FOR IMMEDIATE RELEASE

 

Montgomery, AL - The Alabama Captive Association is proud to announce the new Board of Directors.

  • Norman Chandler:  Partner with TaylorChandler CPAs and Founding Partner of Arsenal Insurance Management.
  • Marc Escalona:  in the alternative insurance division with Cobbs Allen and develops their captive practice. 
  • Keith Fawcett: President of Brentwood Reinsurance Intermediaries, Inc. and Executive Vice President of Brentwood Services

2017 Alabama Captive Association Annual Conference announced

5/10/2017 11:23:38 PM annual conference birmingham wynfrey hyatt galleria cpe cle ce hoover

What:        2017 Alabama Captive Association Annual Conference

When:       September 18-19, 2017

Where:     Hyatt Regency Birmingham - The Wynfrey Hotel

                1000 Riverchase Galleria
                Birmingham, Alabama 35244

Full details and registration will be annouced shortly.

 

Continuing Education:  

Audit exemption to increase to match PATH Act in update to regulation

5/3/2017 5:27:21 PM audit exemption regulation

The Alabama Department of Insurance recently announced it will hold a Notice of Regulation Hearing on Wednesday, June 14 2017 at 2pm CST. 

Of particular interest is the amendment to Section 4 of Insurance Regulation No. 138 [Rule 482-1-138-04] which would increase the premium limits for requesting an exemption from annual audit requirements from $1.2 million to $2.2 million. Another amendment permits captive risk retention groups to apply for the

2017 Another banner year for Alabama captives

2/17/2017 1:21:04 AM captives cells 2016 provisional license risk retention group mutual rrg

Montgomery, AL — 2016 marked a new high point in captive and protected cell creation in Alabama. Today, the Alabama Department of Insurance released details on captive activity during 2016.

2016 Alabama Captive Key Statistics    
    
Pure captives formed    11
Protected cell captives formed    2
RRGs formed    1
    
Total captives formed    14
    
Protected

2016 Annual Conference

7/29/2016 10:35:29 PM annual conference birmingham wynfrey hyatt galleria cpe cle ce

The Alabama Captive Association (ACA) is proud to announce the 2016 Alabama Captive Association Annual Conference.

What:        2016 Alabama Captive Association Annual Conference

When:       September 19-20, 2016

Where:     Hyatt Regency Birmingham - The Wynfrey Hotel

                1000 Riverchase Galleria
                Birmingham,

2016 Update to Alabama Captive Act signed into Law by Governor

4/28/2016 9:40:34 PM law captive act governor david faulkner norman chandler alabama captive association hb 270 robert j. bentley greg reed mike hill randy davis anthony daniels jack d. williams ken johnson mac mccutcheon jim hill sean duke

April 28, 2016

Montgomery, AL — Today, Alabama Governor Robert J. Bentley singed into law a HB 270 sponsored by the Alabama Captive Association to update and modernize the Alabama Captive Act. The new law is expected to make Alabama more competitive in the formation of captive insurance companies. The law goes into effect July 1, 2016.

The revision to the Alabama Captive Act contains the following significant changes:

  • Modernization of the language and capital requirements for

Sweet Home Alabama - Captive Insurance Times highlights Alabama Captive Act update

4/28/2016 9:06:38 PM captive insurance times captive act update becky butcher alabama

Alabama received the top billing in this week's Captive Insurance Times issue. In an article by Becky Butcher summarizing recent US captive legislative activity, Alabama's newly revised captive law is extensively covered. For more, see page 11 of Captive Insurance Times 4/27/16 issue

Update to Alabama Captive Act passes Sentate 29-0

4/19/2016 9:42:22 PM alabama captive act update senate david faulkner 29-0

Today, the Alabama Senate approved our update to the Alabama Captive Act by a vote of 29-0. 

We wish to thank the members of the legislature for learning about captives and supporting our industry. We especially appreciate the efforts of the bill's sponsor, Rep. David Faulkner, Homewood.

The bill now goes to the Governor.