Bermuda and Guernsey have expressed shock at their placement on the European Commission’s tax blacklist.
The Bermuda Business Development Agency (BDA) has unveiled the keynote speaker of the annual Bermuda Captive Conference.
The chief financial officer (CFO) of Marsh Captive Solutions and Marsh Risk Consulting has stepped down.
Rating agency AM Best has assigned a financial strength rating of A+ to Intercona Re, the captive of Nestlé, the global food and beverage company. The outlook assigned to both ratings is stable.
Offshore captive domicile Bermuda has had its credit rating downgraded by rating agency Standard & Poor’s (S&P).
Bermuda will highlight the benefits of establishing captives on the Island, when a team of 15 delegates head to Canada for a roadshow.
The Illinois Senate has unanimously passed legislation which will repeal a premium tax imposed on industrial insurer captive insurers.
The Italian Ministry of Finance has removed Guernsey from its revised tax blacklist.
AM Best has withdrawn its ratings of New Zealand-based general insurer AMI Insurance.
Nevada’s captive insurance programme outperformed growth expectations by approving 26 captives in 2014 resulting in a captive premium increase of $3.8 billion.