Vote in the inaugural US Captive Awards
Captive International is asking its readers to vote for the best captive insurance jurisdictions, managers, lawyers, and other service providers in its inaugural US Captive Awards.
Pandemics: not so unexpected?
The consensus of the insurance industry is that pandemic risks are uninsurable. This is probably correct, at least where the business interruption exposure is concerned, but not for the reasons that are commonly cited, says Greg Lang of the Reinsurance and Insurance Network.
Generating captive revenue through tenant liability programmes
The real estate industry faces a number of significant headwinds. An increasing number of property managers are looking at tenant liability captive insurance programmes to help them navigate these turbulent times, 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.
Does your captive have a COVID-19-related claim?
Many businesses are suffering losses as a result of the COVID-19 pandemic that, at first glance, look likely to be covered by various different policies such as work stoppage and business interruption. But policyholders should double-check the small print, says TJ Strickland of Strickland Hardee.
Captives find a home in The Bahamas
As a jurisdiction The Bahamas offers unique advantages when it comes to providing a home for small, private captives: a well-regulated insurance sector and a collaborative public-private sector approach, says Tanya McCartney of the Bahamas Financial Services Board.
Creative uses for captives in a hard market
Captives can be used creatively to reduce the impacts of a hard market. Oliver Schofield and Damian McNamara of RISCS discuss how, and consider how captive use will expand in Asia in 2021 and beyond.
Preparing captive owners for new accounting legislation
IFRS 17 is the first international accounting standard for insurers. It represents a huge change for captive insurance companies, which will need to be well prepared to comply with the new rules, says Alex Gedge of Marsh.
Cell captives gain traction in Sub-Saharan Africa
Sub-Saharan Africa’s economy has taken a considerable hit from COVID-19 and the resulting global shutdown, underlining the need for businesses in the region to be able to better manage their risk. Cell captives could offer an attractive solution, say Cenfri’s Matthew Dunn and Jeremy Gray, and Ernie van der Vyver of Clyde & Co.
How captives support the informal economy
Greg Lang of the Reinsurance and Insurance Network’s third article in a series on the future of work examines the informal economy, where business is neither taxed nor monitored by any form of government.
