Simon Pickering will take on the role of business development manager, retail financial services, at the Isle of Man Government’s Department of Economic Development.
Captives can help to create a level of clarity around tax that could prove beneficial to tax authorities and corporates alike.
Mike Lusk, vice president, insurance and risk management, at the Archers Daniels Midland Company, has been given the CICA 2014 Distinguished Service Award.
Chinese corporates are getting increasingly comfortable with the captive concept, but it will be a long road. Guernsey is one of the leading jurisdictions looking to develop rising interest in the sector.
The Bermuda Monetary Authority granted a Class 2 registration to Broadhead Risk Management Ltd.
Gibraltar plans to become an Insurance Linked Securities (ILS) jurisdiction within the European Union.
Gateway Rivers Insurance Company, the Vermont-domiciled captive of AT&T, has been given solid ratings by AM Best on the back of its strong capitalisation and corporate strategy.
The Missouri Department of Insurance licensed seven new captives in 2013, demonstrating its continued strength as a domicile in a year that saw one of its ranks win big at the World Captive Forum.
Simon Nicholas of KPMG Isle of Man has been appointed the deputy chair of the Isle of Man Captive Association (IOMCA).
Cayman added 39 new captives in 2013, bringing the total number of captives on the Island to 761.