The number of new captives establishing in Guernsey more than doubled in 2019, according to Guernsey Finance.
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.
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.
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.
The Tennessee Department of Commerce & Insurance has licensed its 200th captive insurance company.
While companies are aware of cyber insurance, uptake it being held back by a number of deployment challenges, according to Radiant Insights.
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.
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, the independent insurance management, fiduciary and financial advisory group, has hired Laura Boyd as an insurance manager.