This is an exciting time for the captive insurance business in Arizona and across the country. Arizona currently is the 5^th leading captive jurisdiction. Notwithstanding a softening in some of the insurance lines, there still appears to be substantial interest in forming captives and considering Arizona as the jurisdiction to do so.

Three new captives have been added since your last update. Cart Captive Assurance Company was formed as a Pure and insures GL and Property under a Deductible Reimbursement program for Real Estate Developers. Fairway Insurance Company was also formed as a Pure for Deductible Reimbursement of Workers Compensation. It is owned by a large Golf Course Management firm with a number of locations in various states. Both of these new captives are managed by Dick Marshall of Camelback Captive and Risk Management.

Newly Constituted NAIC RRG Task Force and Working Group Meet In Orlando

The Third Annual Conference of your Arizona Captive Insurance Association opens on May 16^th at the Arizona Biltmore Hotel in the heart of the Phoenix Biltmore Fashion District. The program is set following the theme of “Beyond the Basics: A More Sophisticated Captive World”. We wish to demonstrate that Arizona is not only a leading domicile, but is also doing some things beyond the traditional way of handling captives. We will be taking a closer look at risk retention groups in light of the ongoing debates about regulation, and we will look hard at corporate governance issues. The conference brochures have been mailed and will arrive in your mailbox shortly. Click Here for 2006 Conference Brochure and Registration Form.  Be sure to share it with your colleagues, as well.

The membership committee has been actively pursuing both existing members for timely renewals as well as prospective members for the association.  We have initiated a campaign to encourage existing members to help build our membership by offering the following incentive: