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Analysis
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
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
Law & regulation
The state of Vermont has announced a series of changes to the state's captive legislation. 24 June 2013
Law & regulation
HB 473, the North Carolina Captive Insurance Act, has been signed into law by Governor Pat McGrory. 21 June 2013
Analysis
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
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
Accounting & tax analysis
Meeting with the UK Prime Minister, David Cameron ahead of the G8 summit, Guernsey’s chief minister, Peter Harwood has defended the domicile’s international tax credentials. 18 June 2013
Accounting & tax analysis
The American Council of Life Insurers has defended the value of captive insurance in the face of criticism of so-called ‘shadow insurance’ levelled at the life sector by the New York regulator. 17 June 2013
Analysis
Despite uncertainties around the implications of Solvency II, captive levels remain robust, although increasing headwinds related to tax and reputation will present an increasing challenge. 14 June 2013
Analysis
The New York Department of Financial Services has released its report into the world of ‘shadow insurance’ in which certain insurers employ shell captives to reinsurer particular risks and artificially lower their capital requirements. 13 June 2013
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