Meeting with the UK Prime Minister, David Cameron ahead of the G8 summit, Guernsey’s chief minister, Peter Harwood has defended the domicile’s international tax credentials.
The American Council of Life Insurers has defended the value of captive insurance in the face of criticism of so-called ‘shadow insurance’ levelled at the life sector by the New York regulator.
Despite uncertainties around the implications of Solvency II, captive levels remain robust, although increasing headwinds related to tax and reputation will present an increasing challenge.
According to A.M. Best the outlook for member companies of BETA Healthcare Group have been revised to positive from stable.
Gary Osborne, president of USA Risk Group, told Captive International that he expects up to 50 percent of newly formed captives will select their home state over even the most established domiciles.
Management should encourage greater dialogue within their company if it is to effectively identify and deal with risk.
The New York Department of Financial Services has released its report into the world of ‘shadow insurance’ in which certain insurers employ shell captives to reinsurer particular risks and artificially lower their capital requirements.
Speaking at the Bermuda Captive Conference this week, Bermuda Premier Craig Cannonier, said that he will fight for Bermuda’s captive industry.
Litmus Analysis is offering access to its new LUCID software free to risk managers attending today's AIRMIC event in Brighton. LUCID is a reference system that acts as a map of the international re/insurance landscape.
The quality of a company’s supply chain is an increasingly important consideration, with two-thirds of business value now locked up in such relationships.