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reinsurance

Turks and Caicos Regulator Engages Reinsurance Industry

The Turks and Caicos Islands Financial Services Commission met last week with 20 leading reinsurance experts to elicit their views on proposed improvements to the islands’ regulatory regime and to explore how TCI may remain the domicile of choice of producer affiliated reinsurance companies.

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EFG Companies Adds OEM and Reinsurance Veteran to Leadership Team

The F&I product provider has named Richard Christensen, a 25-year veteran of the automotive retail industry and reinsurance business, vice president of product development.

Registration Open for Dealer Summit 2016

Organizers of Dealer Summit announced that registration is now open for the event, which is scheduled for May 3–5, 2016, at the Sheraton Tampa Riverwalk Hotel.

Bill Aimed at Texas Reinsurance Regulations to Become Law

A bill supported by GSFSGroup will become law on Sept. 1, effectively aligning Texas reinsurance law more closely with regulations in other states.

Portfolio Announces New CFO, Treasurer

The reinsurance program manager announced that Pam Hamilton will take over all treasury functions. The company also appointed Robert Dickey as CFO.

Portfolio Repeats Top Diamond Ranking in Dealers’ Choice Awards

Portfolio has again been ranked as the top Diamond provider in the Vehicle Service Contracts – Reinsurance category in the annual Dealers’ Choice Awards.

CNA National Voted Top Provider for 11th Year in a Row

CNA National has received the Diamond Award for Best Service Contract Provider as well as the Platinum Award for Best Reinsurance Provider in Auto Dealer Monthly’s 2015 Dealers’ Choice Awards.

Portfolio Expands into New California Headquarters

Portfolio has moved from its headquarters in Irvine to an office in nearby Lake Forest that will accommodate future growth.

President Once Again Takes Aim at Reinsurers

For the sixth time, President Barack Obama has included language in his annual budget that would end some of the tax benefits enjoyed by reinsurers. Market insiders don’t believe it will gain support from the Republican-controlled Congress.

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CNA’s Participation Plans Distribute More Than $38 Million in 2014

To date, the F&I product provider has returned $329 million through its dealer participation plans, with company officials noting that 2014 distributions exceeded the highest return since the inception of those programs.

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