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The captive insurance sector in North Carolina had an estimated $30 million impact on the state in 2017, according to insurance commissioner Mike Causey. 27 June 2018
Accounting & tax analysis
As the dust settles on the US Tax Court's latest ruling against a small captive, the captive insurance industry is still examining what the Reserve Mechanical Corp v Commissioner case means for the sector. 26 June 2018
Analysis
The State of Rhode Island has introduced amendments to its Voluntary Restructuring of Solvent Insurers Law and its Protected Cell Companies Act that should make run-off transactions easier to execute. 26 June 2018
Analysis
The UK economy is feeling the effects of the country’s move to leave the European Union and there could be even tougher times ahead, two notable economists agreed at a panel discussion held on Wednesday morning at the annual Bermuda Captive Conference, which is taking place at the Fairmont Southampton Hotel on Bermuda this week. 13 June 2018
Analysis
Labuan prides itself on being a unique midshore jurisdiction that doesn’t compete with, but rather complements, its Asian neighbours, as Farah Jaafar-Crossby, CEO of the Labuan International Business and Finance Centre Inc, tells Captive International. 29 May 2018
Analysis
Ahead of the Bermuda Captive Conference in June, one of the captives industry’s best-attended events globally, Captive International sought the views of Jeremy Cox of the Bermuda Monetary Authority and Premier David Burt to assess how they characterise the Island’s enduring appeal for captives. 21 May 2018
Accounting & tax analysis
The State of Vermont has passed new legislation offering an onshore affiliated reinsurance alternative to insurers affected by the recent imposition of the Base Erosion Anti-Abuse Tax (BEAT) on reinsurance ceded to offshore affiliates. 17 May 2018
Analysis
The captive insurance industry has welcomed a recent ruling by The Georgia Supreme Court in favour of a risk retention group (RRG) has prevented the state's insurance authorities from circumventing federal regulations. 16 May 2018
Analysis
The Connecticut General Assembly has passed a bill that would allow licensed insurance agents to establish an agency captive insurance company to insure against risks covered by the policies they sell, subject to specified conditions. 14 May 2018
Analysis
The Washington State Office of the Insurance Commissioner has issued a cease & desist order against Microsoft to stop using its Arizona-domiciled captive, Cypress Insurance, to directly insure its parent. 14 May 2018
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