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Accounting & tax analysis

Mid-size manufacturers save through group captives

Mid-size companies in light manufacturing are a perfect match for group captives as they can help them avoid premium hikes as rates in the open market harden. 11 July 2013

Analysis

‘Lazy grammar’ puts captives under unnecessary attack

Writing in our US Captive title, Dennis Harwick, president of CICA, argues that a recent New York regulatory report attacking offshore captives is a ‘political document’ that fails to differentiate true captives from so-called ‘shadow insurance’. 5 July 2013

Analysis

Vantage establishes first PCC in Jersey

Black Pearl Insurance 1 PC is the first protected cell company to be established in Jersey and will insure professional liability risk—professional indemnity and D&O—for Polygon Group. 5 July 2013

Analysis

Lund appointed to lead BBDC in Bermuda

The Bermuda Business Development Corporation, formed through a merger of Business Bermuda and the Insurance Development Council, has named Stephen Lund as its new CEO. 3 July 2013

Analysis

Middle market stigma is diminishing – Artex

The stigma against middle market captives is diminishing in the industry but has far from vanished, believes Jeremy Huish, business director at Artex Risk Solutions. 27 June 2013

Analysis

CICA thanks NAIC for support in shadow insurance showdown

The Captive Insurance Companies Association (CICA) sent a letter to the National Association of Insurance Commissioners (NAIC) to thank president Jim Donelon for his support of the industry. 26 June 2013

Analysis

R&Q completes first Bermuda captive transaction

Randall & Quilter (R&Q) announced this week that it has successfully reached an agreement to receive by way of novation all contracts underwritten by MPPA Insurance. 25 June 2013

Analysis

Labuan captive numbers grow with energy production

The Labuan International Business and Finance Center reported the highest number of license approvals in the last five years in 2012, according to an annual report issued by the Labuan Financial Services Authority. 20 June 2013

Analysis

Texas announces Captive Association formation

Captive International spoke to founding member and 20-year captive veteran Michael Mead about the newest captive domicile in the Union. 20 June 2013

Analysis

Cook Islands passes captive legislation

The Cook Islands, comprised of 15 small islands in the South Pacific, has become the third country in the region to pass captive insurance legislation. 19 June 2013

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