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Illinois governor Bruce Rauner has vetoed legislation that would overhaul the Illinois Insurance code and update its captive insurance law to be more attractive to companies that use captives. 28 August 2018
Analysis
Insurance intermediates do not have an equivalence framework in place to allow for business continuity after the UK leaves the European Union, wrote Roy White, chairman of the London & International Insurance Brokers’ Association (LIIBA), in a letter to UK prime minister Theresa May. 24 August 2018
Accounting & tax analysis
Clients that have parent companies with headquarters or operating units in Washington state should consult their tax professionals following the settlement of the case involving Microsoft’s Arizona-based captive being issued a cease & desist letter, warns JLT Insurance Management (JLT IM). 20 August 2018
Accounting & tax analysis
Against a backdrop of legal battles and regulatory changes, small captives have been through a lot. But how much has the landscape changed, and are 831(b)s still an attractive option for the middle market? US Captive investigates. 6 August 2018
Analysis
As the cannabis industry in the US continues to grow, its insurance needs grow with it. Inadequacies of the commercial market and complex coverage needs present a prime opportunity for captives to step in, so what does the future hold? US Captive investigates. 6 August 2018
Accounting & tax analysis
Following the outcomes of Avrahami and more recently Reserve Mechanical, upcoming US Tax Court cases - Caylor v Commissioner, Wilson v Commissioner and Syzygy Insurance v Commissioner - are likely to suffer similar fates, spelling further IRS victories. 6 August 2018
Actuarial & underwriting
Earlier this year, proposed association health plan (AHP) regulations issued by the US Department of Labor (DOL) had presented affordable healthcare plans for groupings of smaller employers - and in turn opportunities for captives - but the more recent final rules have left a lack of regulatory uniformity from one state to another. 6 August 2018
Analysis
The 2018 Guernsey Insurance Forum will take the island's captive sector "back to its roots", says event host Guernsey Finance. 24 July 2018
Analysis
The Cayman Islands Monetary Authority issued 14 captive insurance licenses during the second quarter of 2018, including two portfolio insurance companies (PICs). 16 July 2018
Analysis
International law firm Bedell Cristin plans to merge with Cayman-based law firm Solomon Harris. 12 July 2018
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