Guernsey sees spike in captive formations in 2019
The number of new captives establishing in Guernsey more than doubled in 2019, according to Guernsey Finance.
Captives need better advice from their service providers: Hylant’s Towle
Captive owners will increasingly need to lean on advice from their service providers as they attempt to navigate an unfamiliar hardening market, according to Anne Marie Towle, global captive solutions leader at Hylant.
Cayman added to EU’s list of non-cooperative jurisdictions for missing CIV deadline
The European Union has added Cayman to its list of non-cooperative jurisdictions for tax purposes after it determined that Cayman failed to implement measures relating to economic substance in the area of collective investment vehicles within the agreed timetable.
Alabama makes “industry first” changes to its branch captive regime
A bill to update the Alabama Captive Insurers Act has passed unanimously in the state’s House insurance committee in a move authorities hope will lead to growth of the captive industry in Alabama.
Tennessee licenses 200th captive
The Tennessee Department of Commerce & Insurance has licensed its 200th captive insurance company.
Cyber market being held back by deployment challenges: Radiant Insights
While companies are aware of cyber insurance, uptake it being held back by a number of deployment challenges, according to Radiant Insights.
Connecticut mulls legislative changes to increase appeal to captives
The State of Connecticut’s insurance department has made a number of proposals designed to make it a more desirable jurisdiction for captive insurance companies.
IRS settlement claims are misleading: SIIA
The Self-Insurance Institute of America (SIIA) has hit out at Internal Revenue Service, accusing it of misleading people in its recent announcement about rooting out tax evasion in the micro captive sector.
Robus signals growth ambitions in Guernsey with two hires
Robus, the independent insurance management, fiduciary and financial advisory group, has hired Laura Boyd as an insurance manager.
