Delaware’s captive insurance industry is characterised by its high degree of intimacy, with constant dialogue between market participants and the regulator ensuring it is always an easy place to do business, says Joanne Shaver of the Delaware Captive Insurance Association.
Richard Colombik and Jeremy Colombik, of Richard M. Colombik & Associates and MSI, respectively, examine the verdict of the Caylor Land and Development v Commissioner case and explain why the court ruled as it did.
Captive International caught up with Belinda Fortman, director of the captive insurance section at the Tennessee Department of Commerce and Insurance, to ask what is special about Tennessee, which has referred to its captive offering as “the gold standard of the south”.
Mexico’s use of captives is increasing despite the lack of specific captive insurance legislation, and new laws may be not far off, say Thomas Morante and Yani Contreras of Carlton Fields.
An objective review of the design and operating effectiveness of internal controls is instrumental to ensuring continued success in the remote working environment, say Johnson Lambert’s Kathryn Gifford and Raina Tripp.
As a jurisdiction The Bahamas offers unique advantages when it comes to providing a home for small, private captives: a well-regulated insurance sector and a collaborative public-private sector approach, says Tanya McCartney of the Bahamas Financial Services Board.
Social inflation is on the rise, and with it, loss liability claims. Captives should be aware of this trend and establish strategies to manage the resulting risks, say John Ferrara and Margo Mackenzie of EY.
Connecticut is a relative newcomer to the increasingly competitive world of captive insurance regulation, but has quickly earned a reputation as an attractive domicile. As pressure increases on offshore captives to bring business back onshore, the state hopes to capture a lot of new business. Captive International reports.
With the EU adding Bermuda to its “white list” of fully cooperative tax jurisdictions, the outlook looks bright for Bermuda’s captive insurance industry in 2020, says Nick Miles of Kennedys.
Should pandemic be included in TRIA? What is needed is innovation, not state aid, says Marcus Schmalbach of Ryskex, who takes a look at the current market situation and invokes the spirit of Adam Smith.