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Law & regulation
Hanover Stone Partners, a risk management consulting firm, has appointed Ted Dann and Paul Petrylak as national practice leaders and senior risk advisors. 30 November 2016
Law & regulation
AM Best has revised the outlooks of the HAI Group members to negative from stable and affirmed the Financial Strength Rating (FSR) of A (Excellent). 28 November 2016
Law & regulation
The nature and degree of risk captives may face depends on cyber risk exposures that the captives’ underlying owner or sponsor has and what coverage is written by the captive, according to James Auden, managing director of property/casualty insurance at Fitch Ratings. 28 November 2016
Law & regulation
Taxpayers associated with captive insurers that claim the benefit of Section 831(b), which allows non-life insurers with less than $1.2 million in written premiums ($2.2 million in 2017) to elect to be taxed only on their taxable investment income, should consider whether the Internal Revenue Service (IRS) notice also applies to them, according to a PwC report. 21 November 2016
Bermuda analysis
Captive owners are being reminded that the e-filing of company returns will be compulsory in 2017 on Bermuda. 17 November 2016
Asia analysis
Moody's Investors Service has assigned an A2 insurance financial strength rating to China Railway Captive Insurance, a wholly-owned subsidiary of China Railway Corporation (CRC), the state-owned railway operator of China. 14 November 2016
Law & regulation
Advantage Insurance (Advantage), a provider of customised insurance solutions including captive insurance management, has acquired US Commonwealth Life (USCL). 14 November 2016
Asia analysis
The advantages of using a captive instead of insuring through the commercial insurance market have been highlighted at Guernsey’s recent insurance masterclass in Hong Kong. 9 November 2016
Accounting & tax analysis
Seven videos are being released by the Bermuda Business Development Agency (BDA) over the next four weeks explaining what captives are and how they can be used as highly-effective self-insurance vehicles to cut costs and manage risks. 8 November 2016
Accounting & tax analysis
A group of industry and regulatory professionals from Bermuda will be heading to Toronto, Canada, later in the month to inform corporate executives about the risk management benefits of captive insurance. 7 November 2016
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