Applied Filters
Defining insurance: a critique of the IRS test
Matthew Queen of Sherbrooke Captive Insurance makes the case that much of the IRS insurance test is flawed and needs to be rethought.
Trebled damages against captive manager
Jay Adkisson of Adkisson Pitet provides a guide to the many twists and turns of the recent Sullivan v Feldman case in Texas, which has legal implications for captive owners.
Inflation and captive analytics
Michelle Bradley and Enoch Starnes of SIGMA Actuarial Consulting Group take a look at the impact of inflation on captives.
Lloyds Bank International launches Security Interest Agreement
In Guernsey, the insurance market has been a traditional offering with services including standby letters of credit, account opening services and deposit/notice accounts. However, as technology advances, so does business demand for further flexibility and updated product offerings.
Analytical spring cleaning
The captive insurance industry faces a number of unique challenges in 2021, one of which has been to do with the assessment, budgeting and financing of losses, says SIGMA’s Lori Ussery.
Tax considerations for captives owners in foreign jurisdictions
When starting a captive insurance company in a foreign jurisdiction such as the Cayman Islands or Bermuda, many prospective captive owners may be excited about the potential tax benefits. However, these tax benefits should never be a primary reason to form a captive, says Daniel Greaves of Grant Thornton.
Tracking and analysing loss development for captives
There is a considerable amount of confusion about loss development factors and how they work. Enoch Starnes and Michelle Bradley of SIGMA Actuarial Consulting demystify loss development and explain why this knowledge is crucial for employees and board members of captives.
The captives year in review
To state the obvious, 2020 has been like no other year. However, the captive insurance world has not only survived, it has thrived under a myriad of strange circumstances, says Gary Osborne of Risk Partners.
GAO report on abusive tax schemes perpetuates misunderstandings of captives
A GAO report was intended to shed some light the use of captives as abusive tax shelters. Instead it only risks perpetuating misunderstandings, says Bradley’s Davis Smith.
The lack of consistency in reporting standards and how this may hurt captives
There is very little consistency between countries when it comes to insurance tax reporting, and captives managers need to stay across the nuances to avoid trouble. Daniela Dinkova of Sovos explores some of the differences.
