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Bermuda premier David Burt and minister of finance Curtis Dickinson is leading a team to Europe for discussions aimed at laying the groundwork for removing the island from the EU's list of non-cooperative tax jurisdictions, also known as the blacklist. 27 March 2019
Analysis
AM Best has affirmed the financial strength rating of A (Excellent) and the long-term issuer credit rating of “a” of Energas Insurance. The outlook of these ratings is stable. 25 March 2019
Accounting & tax analysis
The US Internal Revenue Service (IRS) has added microcaptives to its Dirty Dozen list of common scams that it claims that US taxpayers may encounter. 22 March 2019
Analysis
Peter Mullen has rejoined alternative risk management company Artex as chief executive officer, with David McManus taking up the new role of chairman. 22 March 2019
Analysis
Lockton has formed a new reinsurance business and hired three senior executives from Guy Carpenter and Marsh, including the former leader of Marsh Captive Solutions, Nick Durant. 8 March 2019
Analysis
Michigan State University (MSU) had set up a captive insurance company following its former primary insurer, United Educators, introducing “onerous” new terms after allegedly failing to provide general liability insurance coverage for lawsuits and claims arising from the Larry Nassar sex abuse scandal. 7 March 2019
Analysis
North Carolina has introduced a new bill aimed at attracting redomestications of captive insurance companies back to the state through a "premium tax holiday". 5 March 2019
Analysis
AM Best has given US-based Nuclear Electric Insurance Limited (NEIL) a financial strength rating of A based on the insurer’s strong balance sheet, marginal operating performance, favorable business profile and enterprise risk management. 4 March 2019
Analysis
Ride-sharing company Lyft has outlined details of its wholly-owned captive insurance subsidiary in an SEC filing. 4 March 2019
Analysis
Rising geopolitical and geo-economic tensions are leading to increased uncertainty and risk for multinationals with direct foreign investments, which in turn provides opportunity for political and trade credit insurance, and by extension captive insurance. 28 February 2019
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