X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

New Jersey-based SOBC Corporation is establishing a sponsored captive insurance subsidiary in Connecticut that is intended to specialize in helping reinsurers exiting the market pay off their claims. The subsidiary, SOBC Insurance Company Limited, is Connecticut’s eighth captive insurer and first so-called “sponsored captive” company since 2011 legislation cleared the way for the state to begin licensing these specialty insurers.

The Connecticut Insurance Department recently licensed the SOBC-sponsored captive after an extensive application process. 

This premium content is locked for
Insurance Coverage Law Center subscribers only.

Start a free trial to enjoy unlimited access to the single source of objective legal analysis, practical insights, and news for the insurance industry.

  • Access the most current expert analysis and daily developments across jurisdictions
  • Solve complex research issues with expert tools and intelligence
  • Tap into insurance coverage expert guidance

Already have an account?
For enterprise-wide or corporate access, please contact our Sales Department at 1-800-543-0874 or email [email protected].

 

Copyright © 2022 ALM Global, LLC. All Rights Reserved.