The Federation of European Risk Management Associations (FERMA) has proposed guidelines for captive re/insurance arrangements aimed at ensuring a consistent implementation of the OECD recommendations on Base Erosion and Profit Shifting (BEPS).
Ministers and high-level officials from 76 countries and jurisdictions have signed a multilateral BEPS convention to close loopholes in tax treaties and reduce opportunities for tax avoidance by multinational enterprises.
The Puerto Rico International Insurers Association (PRIIA), an industry trade group, has assured that its international insurers are ‘open for business’ in spite of the fact the island is filing for voluntary bankruptcy.
The Organisation for Economic Co-operation and Development (OECD) has made a significant step in implementing country-by-country (CbC) reporting with a new wave of activations of automatic exchange relationships.
The US District Court for the Eastern District of Tennessee has denied the request of captive managers and consulting firms CIC Services and Ryan to seek injunctive relief from Notice 2016-66.
The Asian captive market continued to grow at a steady pace through 2016, and the formation of captives in the region is expected to continue in 2017, according to Aon's annual Asia Market Review.
Nevada is pushing itself forwards as a leading captive domicile in the US, according to Robert Gallegos, captive program officer for Nevada’s Division of Insurance.
Captive Alternatives (CapAlt), the insurance consultancy that produced the Protected Captive business model, has introduced a new business entity: CapSure Accounting, that will provide captive accounting services to captive managers.
The captive insurance industry has grave concerns about Notice 2016-66, the new reporting regime put into place by the Internal Revenue Service in the US, an exclusive survey carried out by Captive International has revealed.
Seven videos are being released by the Bermuda Business Development Agency (BDA) over the next four weeks explaining what captives are and how they can be used as highly-effective self-insurance vehicles to cut costs and manage risks.