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Labuan International Business and Financial Centre (Labuan IBFC) has laid out its strategic plan to develop the jurisdiction by focusing on niche sectors such as captive insurance, leasing, commodity trading and wealth management in 2017. 7 March 2017
Analysis
Hong Kong has all the necessary ingredients to establish itself as a world class and leading captive domicile by 2020, according to the Hong Kong Financial Services Development Council (FSDC). 6 March 2017
Analysis
The US Department of Treasury’s first terrorism data call is approaching, requiring numerous captive insurance companies to submit their terrorism data by no later than May 15. 6 March 2017
Analysis
Legal and professional fees provider Arc Legal, has launched a new product offering both large and small accountancy firms a range of tax investigation insurance services. 6 March 2017
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AM Best has assigned a financial strength rating of B+ (Good) and a long-term issuer credit rating of “bbb-” to Elan Solutions (ESI). The outlook assigned to these credit ratings is stable. 3 March 2017
Analysis
Ratings agency AM Best has assigned Bermuda-based Split Rock Insurance a financial strength rating of A (Excellent). 1 March 2017
Analysis
The Illinois Manufacturers’ Association (IMA) has put forward an initiative to rewrite Illinois Captive law to make it more business friendly and encourage Illinois companies to locate their captives in the state, according to Mark Denzler, vice president and chief operating officer of the IMA. 1 March 2017
Analysis
The State of Arkansas has proposed a number of changes to its current captive legislation that could allow greater flexibility in the formation of a captive insurance company. 28 February 2017
Analysis
Prism Assurance, the single parent captive of Apogee Enterprises, has had its financial strength rating of A- affirmed by AM Best. 27 February 2017
Analysis
Beecher Carlson, a specialist insurance broker and captive management services provider, has appointed Keith Newell as managing director of its West Coast operations. 27 February 2017
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