Swedish security services firm Securitas AB can deduct $88 million in expenses from a captive insurance arrangement, the US Tax Court has ruled.
The Cayman Islands Monetary Authority (CIMA) has released a report outlining its latest update on captives in the Cayman Islands.
The North Carolina Department of Insurance has licenced 29 captive insurance companies to date and is expecting many more to follow.
Advantage Insurance Holdings, an insurer and captive manager, has completed its acquisition of Southpac Life Insurance from an affiliate of Southpac Trust.
The Cayman Islands is the leading jurisdiction for healthcare captives, with healthcare captives representing 34 percent of all captives domiciled on Cayman.
The use of captives in Europe continues to increase, with 30 percent of all European risk managers, owners and non-owners of captives, planning to establish or expand use of a captive.
Wealth manager London & Capital has updated its captive indices to reflect the third quarter of 2014.
Management Services International (MSI) has redomesticated sixteen captives to North Carolina.
The Organization for Economic Cooperation and Development’s (OECD) plan for base erosion and profit shifting (BEPS) is already affecting companies, despite the tough implementation process of such recommendations.
Arthur J. Gallagher’s reinsurance broking team has made a move to partner with Grahame Chilton’s Capsicum Re endeavour.