The Syzygy opinion marks the third significant microcaptive loss in the US Tax Court, and prominent captive managers have come under fire for allegedly designing and selling sham 831(b) captives. What does this mean for their future? US Captive investigates.
The world of captive insurance can be confusing, with so many different structures available, and so many different factors that need to be taken into consideration.
Hawaii should be on any potential captive owner’s shortlist, with its long history in the business, community of service providers and helpful regulator, say Matt Takamine and Paul Shimomoto of the Hawaii Captive Insurance Council.
Since January 2018 RYSKEX has been helping clients come to terms with, and profit from, the digital transformation sweeping the industry. The firm’s Marcus Schmalbach spoke to US Captive about what the company has been working on.
Legacy and run-off solutions can offer many benefits to captives, but more education is needed in the sector around the sophistication of these techniques and their uses, says Paul Corver of Randall & Quilter Investment Holdings.
There is hope that the pendulum of IRS scrutiny will reach a place of equilibrium with respect to small captives, as Emilie Gastley of Captive Alternatives explains.
Careful planning can help reduce the risk of exposure to premium taxes outside a captive’s domicile, says Joseph Holahan of Morris, Manning and Martin.
One captive has achieved outsized success by making use of an innovative reinsurance structure. Christina Kindstedt of Advantage Insurance Management explains how it works.
Fewer captives are being formed but they are more sophisticated and being created for the right reasons. Add to this a greater emphasis on risk management and talent and the industry looks in good health for the long term, says Daniel Towle of the Captive Insurance Companies Association.
Many jurisdictions around the world are competing to host your captive. Choosing the right domicile ensures the optimum tax and regulatory treatment, and that the right service providers are on hand, say Lori Holford and Tania Davies of Atlas Insurance Management.