As global developments shape its future, Cayman stands firmly on its competitive advantages and a solid framework through which to attract business, writes Hon. Alden McLaughlin, Premier of the Cayman Islands.
We are in a ‘low return’ world: What is the market outlook and how should captives navigate it? Lisl Lewis at London & Capital offers some guidance.
One solution to funding for property damage caused by hurricanes is a captive insurance company. It can be treated as a real insurance company for tax purposes and help a company to save for a stormy day, says Jeffrey Kenneson of R&Q Captive Management.
Captives are front and centre as a risk management tool and are being utilised in ways that were never thought of 20 years ago, says Dennis P. Harwick, president of the Captive Insurance Companies Association
The growing number of onshore jurisdictions means it is increasingly tempting to domicile your captive close to home. But is this really a better option than offshore? US Captive investigates.
A company’s chief risk officer has many roles but the right technological support can drive the risk conversation at board level and help make the role invaluable, argues Elaine Barclay of InsuBiz.
The Financial Services Commission has been busy updating the BVI’s legislation to further improve the regulatory environment and the options available to potential captive owners. Helen Janes, TEAM BVI member for BVI Finance and chairman of the BVI Association of Insurance Managers, explains some of the new rules to US Captive.
Many companies forming a first captive engage with regulators too late to benefit from potentially helpful advice. John Talley from Missouri’s Department of Insurance stresses that the captives regulators are always there to help with the important questions.
Securing 831(b) tax status is an attractive option for owners of small captives—but with new legislation and increased scrutiny from the IRS it is vital to ensure your captive passes the test as a genuine insurance company and not merely a vehicle for wealth transfer. US Captive investigates.
The micro-captives industry is flourishing in Puerto Rico due to some ‘outstanding’ legislation passed under its international insurer rules and this growth has the potential to shake up the traditional captive locations, says David Kirkup of Captive Alternatives, who spoke to US Captive about the ways in which Puerto Rico has attracted micro-captives to its shores.