Bermuda’s Economic Substance legislation has now come into force. Strategic Risk Solutions’ Richard Daley outlines what captives boards should be thinking about to ensure they remain compliant.
Bermuda’s insurers—and, by extension, captive insurers—have until July 1 to satisfy the government’s new economic substance requirements, which have a considerably broad scope. Janine Carey, associate at Appleby, has the details.
Regulatory changes scheduled to be tabled before the Bermuda House of Assembly place Bermuda on a steady yet progressive footing to steer the captive market forward for years to come, says Matthew Carr, senior associate, corporate, of Appleby's Bermuda office.
From high profile court cases to new regulations and M&A, 2018 has been an eventful year for the captive insurance industry—and 2019 could bring further changes. Nate Reznicek, director of operations at CIC Services, shares his views.
Various captive insurance domiciles currently on the EU’s ‘grey list’ have been asked to address concerns relating to economic substance lest they get put on the blacklist. But what exactly does that mean? Captive International has the details.
US tax reform, natural catastrophes and new technologies are all shifting insurance market conditions, which is having an impact on captives in Bermuda, explains Gary Harris of Appleby.
Ahead of the Bermuda Captive Conference in June, one of the captives industry’s best-attended events globally, Captive International sought the views of Jeremy Cox of the Bermuda Monetary Authority and Premier David Burt to assess how they characterise the Island’s enduring appeal for captives.
Cryptocurrencies, their benefits, uses—and dangers—represent a polarising issue but the captive sector has good reason to keep a close watch on their development. Captive International investigates.
The insurtech revolution has worked its way into the captive insurance sector, but as with any emerging technology, every opportunity is not without some challenge, as Gavin Woods, counsel, and Josephine Noddings, associate, at Appleby’s Bermuda office explain.
Initiatives led by the Bermuda Business Development Agency and taking a ‘Team Bermuda’ approach are proving successful in generating growth from the Latin American and Canadian markets, business development manager Jereme Ramsay tells Captive International.