Technology, more specifically automation, will keep your captives relevant in these uncertain times, says Rachel Lyubovitzy, CEO of software company EverythingBenefits.
The outcome of Syzygy v Commissioner marks another IRS victory against 831(b) captives. What went wrong this time? Matthew Queen, general counsel & chief compliance officer, Venture Captive Management, has the details.
Guernsey has satisfied the much-debated OECD BEPS substance requirements for captives operating there. Industry veteran and retired principal of Towers Watson, Hugh Rosenbaum, shares his views.
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.
Blockchain technology, specifically smart contracts, could have profound implications for the way traditional cat bond structures work, explains Simon Kolkmann of BlockART Institute.
The insurance industry is facing a talent crisis, and this is especially true for the captives market. Captive International reported live from the Captive Insurance Companies Association annual conference, which has increased its efforts towards spreading awareness and closing the talent gap.
Most literature on the captives sector overemphasises the role of tax-efficient 831(b) captives, but this represents only a small slice of what a captive insurance programme can do, according to Matthew Queen, general counsel at Venture Captive Management.
From changes in US healthcare and taxes to geopolitical risks emanating from Brexit, the current political climate is having a direct impact on the global captive insurance industry—and it will need to be on guard. Robert ‘Skip’ Myers Jr, partner at Morris Manning & Martin, has the details.
With new technologies, new types of business and new risks to address, the captive insurance industry has more opportunities than ever before to shape the future, Dan Towle, president of the Captive Insurance Companies Association, tells Captive International.
Against a backdrop of significant cybersecurity breaches, rated captives have been seriously considering writing cyber risk, explains Fred Eslami, associate director at AM Best.