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Impact of economic substance regulations on captives expected to be minor

Bermuda10-06-2019

Bermuda’s insurers - and by extension captive insurers - have until July 1 to meet the government’s new economic substance requirements, although much of the industry is confident captives are in a good position to satisfy these requirements and that the impact of the legislation will be minor.

UK's HMRC could force captives to declare parent entity

UK07-06-2019Insurance

The UK’s HM Revenue and Customs is undertaking a call for evidence to better understand how the administration and collection of Insurance Premium Tax (IPT) can be made more efficient for both business and HMRC. It also wants to identify unfair tax outcomes so these can be addressed.

Roundstone group captive clients receive healthy rebate

North America07-06-2019

Roundstone, a US provider of self-funded group captive health insurance, recently distributed over $5m to US business owners currently enrolled in one of its group medical captives.

How captives create happy and loyal employees

Global05-06-2019

Captives can help employers attract and retain staff in an increasingly competitive market for talent, according to a Maxis Global Benefits Network report.

Four added to Bermuda’s Captive Hall of Fame

Bermuda05-06-2019

Fairtide Insurance, Iboba Insurance, Pitts Bay Insurance Company and Trimark Insurance have been admitted to Bermuda's Captive Hall of Fame.

Independent non-exec directors help captives tackle governance scrutiny

UK04-06-2019

Airmic has partnered with Aon to publish a practical guide for independent non-executive directors (iNEDs) on captive boards.

Fourth Fred Reiss Life Achievement Award winner revealed

Bermuda04-06-2019

The fourth Fred Reiss Lifetime Achievement Award, named after captive pioneer Frederic Reiss, will be presented to Jeremy Cox, executive chair of the Bermuda Monetary Authority (BMA) at the upcoming Bermuda Captive Conference on June 11.

IRS intended to use undercover tapes in Artex microcaptive case

North America03-06-2019Owen Faulkner

The Internal Revenue Service (IRS) had planned to use tape recordings of an undercover agent looking to form an 831(b) captive with Tribeca Strategic Advisors - now part of Artex Risk Solutions - in order to support its argument that a captive in a recent lawsuit lacked economic substance.

NCCIA adds three captive specialists to board

North America03-06-2019

The North Carolina Captive Insurance Association has named three new members to its board of directors.

Labuan formed six new captives in 2018

Asia-Pacific03-06-2019

Labuan International Business and Financial Centre recorded growth of 11 percent in its captive insurance business in 2018, taking it to $400.5m in total assets, according to Farah Jaafar-Crossby, CEO of Labuan IBFC.

Showing 51 to 60 of 1935 results

Captive International