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.
Despite their common usage throughout the world, the legal status of protected cell companies has rarely been tested. A recent judgment by Montana Federal Court will make for interesting reading—and it should allay the fears of many, as Nigel Feetham, partner at law firm Hassans tells US Captive.
David Gibbons, managing director of PwC Bermuda’s dedicated captive group, discusses growth opportunities for Bermuda’s evolving captive insurance industry and strategies for increasing captive value.
The captive industry in Bermuda has enjoyed regulatory stability in recent years—something that has given it an edge in many ways, as Eric Heinrichs and David Thompson from KPMG explain to Bermuda Captive.
Butterfield offers an innovative approach that is as unique as each business its experts deal with.
Bermuda remains the domicile of choice for many captive owners. Neil Horner, Federico Candiolo and Christa Schweizer from ASW Law explore the many reasons the Island is fast becoming a favourite for Latin American captives.
Bermuda Captive speaks to Peter Willitts, vice president of the Bermuda Captive Owners Association, about how the Island can retain its title of domicile of choice for captives.
The Bermuda Business Development Agency is a relatively new entity in Bermuda and its targeted approach to business development is already paying dividends, as CEO Ross Webber explained to Bermuda Captive.