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Analysis
The Cayman Islands government has announced its adoption of Model 1 of the intergovernmental agreement on FATCA, with similar agreements forthcoming with the UK. 5 April 2013
Executive Appointments
The Self-Insurance Institute of America (SIIA) announced a reorganised government relations team based in Washington, D.C. The team was adjusted to increase the organisation’s political influence, particularly with key Democrats and the media. 4 April 2013
Feasibility studies analysis
Red Re, Coca-Cola’s South Carolina-domiciled captive insurer, has received approval from the US Department of Labor to expand its use to include benefits coverage. 3 April 2013
Actuarial & underwriting
According to a market study conducted by the Captive Insurance Companies Association, the greatest challenge in owning a captive, as reported by the survey participants, is retention/growth/expanded utilisation. 25 March 2013
Executive Appointments
In a move that could signal the first stages of establishing itself as a captive insurance domicile, Maryland legislators have introduced a bill ordering a study of the captive insurance industry. 21 March 2013
Analysis
EIOPA has signed an operational Memorandum of Understanding with the World Bank agreeing to collaborate on the development of the global insurance sector. 21 March 2013
Law & regulation
Scott Kipper, insurance commissioner of Nevada, has announced an expedited approval process for single parent and 831b captive insurance companies. 14 March 2013
Analysis
Captive International spoke to Richard S. Smith, president of the Vermont Captive Insurance Association about the ongoing struggle to exclude captives from the NRRA. 8 March 2013
Law & regulation
The South Dakota Senate has passed a bill hoped to strengthen the state’s captive insurance industry. 7 March 2013
Executive Appointments
SPARTA Insurance Holdings has announced Ralph Jones as the company’s new CEO and Brian First as president and chief operating officer. 5 March 2013
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