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Given the many unknowns regarding liability for space tourism, captive insurance should be a tool for all space tourism providers, says Matthew Queen, general counsel & chief compliance officer, Venture Captive Management. 13 February 2018
Analysis
Marsh Captive Solutions has formed a new protected cell company (PCC) domiciled in Malta, Mangrove Insurance Europe PCC. 5 February 2018
Accounting & tax analysis
New tax rules in the US could influence the attraction of forming a captive—but there has been little impact yet on the Cayman Islands, which is enjoying robust growth, as Ruwan Jayasekera, head of the Insurance Supervision Division at the Cayman Islands Monetary Authority, explains. 2 February 2018
Analysis
The State of Hawaii grew its licensed captive population to 230 in 2017, welcoming 30 new captives and dissolving eight. 1 February 2018
Analysis
The Cayman Islands licensed 33 new insurers in 2017, including 27 new class B insurers (captives and other commercial re/insurers) and six class C insurers (special purpose insurers). 29 January 2018
Analysis
South Carolina welcomed 15 new captives in 2017, while removed nine from its registry, bringing the state to 169 in total. 23 January 2018
Accounting & tax analysis
Like any other business sector, captives occasionally have to be sold or wound up. Stephanie Mocatta, CEO, and Tom Hodson, general counsel, SOBC Sandell offer five reasons for failure, and suggest some solutions. 17 January 2018
Analysis
Specialty P&C transportation insurer National Interstate has launched a group rental captive designed for the towing and recovery industry, TowCap Premier, the first captive of this type within this sector. 16 January 2018
Analysis
Inter Insurance Agency has partnered with New York Independent Automobile Dealers Association (NYIADA) to form a new risk retention group (RRG), the first to be domiciled in Oklahoma. 15 January 2018
Analysis
CLARA Analytics, an artificial intelligence (AI) and data science company focused on the P&C and disability insurance industries, aims to reduce the cost of claims with AI-based solutions by reducing claims leakage and frictional costs for both insurance companies and self-insured corporations. 5 January 2018
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