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Mid-sized companies should follow the lead of Amazon, JP Morgan and Berkshire Hathaway by taking a more proactive, long-term approach to the purchase of their employees’ healthcare in response to skyrocketing costs, according to Mike Schroeder, founder and president of Roundstone. 29 March 2018
Analysis
The UK Government is extending the terrorism cover offered through Pool Re to include non-damage business interruption (BI) losses that result from acts of terrorism. 28 March 2018
Analysis
European legacy acquirer DARAG has formed a strategic partnership with London-based investment management company New Nordic Advisors, focusing on a number of project areas, including the provision of legacy, active business and restructuring solutions. 27 March 2018
Analysis
Board diversity, female leadership, cyber risk, blockchain and climate change will be among the hot topics shaping the 2018 agenda of the 14th Bermuda Captive Conference, slated for June 11–13 at Fairmont Southampton. 21 March 2018
Analysis
Representatives from major client corporations self-insuring via Bermuda captives including General Motors, Caterpillar, Microsoft, Coca-Cola, and True Value Hardware Stores will speak at the 2018 Bermuda Captive Conference. 21 March 2018
Analysis
Michigan-domiciled captive insurance companies exceeded $2 billion in written premiums for the first time in 2017 and three new captives were licensed in the state. 21 March 2018
Analysis
The state of Oregon licensed ten new captives in 2017 – although six closed in the same period. 20 March 2018
Analysis
Ratings agency AM Best has affirmed the Financial Strength Rating of A (Excellent) of Energas Insurance, the sole captive insurer of Petroliam Nasional Berhad, Malaysia’s national oil and gas company. The outlook of the ratings is stable. 19 March 2018
Analysis
Joel Chansky, a principal and consulting actuary in the Boston office of Milliman, has been elected chair of the board of directors of the Captive Insurance Companies Association (CICA). 15 March 2018
Accounting & tax analysis
The US Tax Cuts and Jobs Act 2017 represents the first major overhaul to federal taxes since 1986, and there are provisions that both US and international captives must be wary of. But changes are not expected to impact the numbers of captives formed. 14 March 2018
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