Captive Alternatives is anticipating a rise in emerging and non-traditional risks, such as cyber, reputational, supply chain and employee benefits, which it sees as among the key drivers for growth this year.
While captives that make the 831(b) election have come under increased scrutiny over the past few years, there are other small captive solutions that are gaining traction, which is especially the case in Puerto Rico, according to David Kirkup, chief operating officer and chief financial officer of Captive Alternatives.
Upcoming US Tax Court cases - Caylor, Wilson, and Syzygy Insurance - have likely been selected by the IRS to target deficient captive models; but the outcomes of these cases should not hurt growth in the legitimate captive market.
Despite the impact of Hurricane Maria, the long term viability of Puerto Rico as a domicile is in no doubt, according to risk management consultancy and captive manager Captive Alternatives.
Financial services software company Novea has selected international insurer Madison RE II to provide reinsurance for its wholly owned captive insurance subsidiary, Jacana Insurance.
The Financial Engineering Institute (FEI) has selected Atlanta-based risk management consultancy Captive Alternatives (CapAlt) as the preferred provider of captive insurance company managegement services within its network of 2,200 wealth management professionals.
In what might be seen by some as a validation of the growing importance and acceptance of captives as critical companies to the US economy, Atlanta-based risk management consultancy Captive Alternatives has made Inc. 5000’s list of fastest-growing private companies.
Increasing premium limits, reporting requirements, ownership restrictions, and increased scrutiny from the Internal Revenue Service (IRS) has made prospective captive owners more cautious about forming 831(b) captives.
Atlanta-based risk management consultancy Captive Alternatives has appointed Emilie Gastley as director of marketing.
Premiums paid to Captive Alternative’s (CapAlt) captives under management rose by 40 percent in the fourth quarter of 2016.