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18th of May 2012

Dow Corning looks to expand EB

Vicky Beckett 16/09/2011

Dow Corning has asked the US Labor Department for permission to expand employee benefits risks funded through its captive.
 
Devonshire Ventures, a captive jointly owned between Dow Chemical Corporation and Corning, intends on funding basic life insurance benefits.
 
The risk would be reinsured by Minnesota Life Insurance.
 
The Labor Department previously authorised Devonshire reinsuring other types of life insurance coverage, insured by Minnesota Life and long-term disability coverage insured by Aetna Life Insurance.
 
The captive also funds casualty risks.


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Tyya 14/01/2012 5:23pm

People noralmly pay me for this and you are giving it away!

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