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Agency captives can allow agents or brokers to build strong relationships with insurers – and sometimes entice an insurer to write difficult to place business, according to David Provost, deputy commissioner of the captive insurance division of the Vermont Department of Financial Regulation. 12 March 2018
Accounting & tax analysis
The State of Connecticut licensed one new captive insurer and had one licensed captive insurer that never actively wrote business shut its operation, bringing the total number of captives to 14. 11 March 2018
Accounting & tax analysis
The European Commission has stressed the issue of aggressive tax planning in seven EU countries: Belgium, Cyprus, Hungary, Ireland, Luxembourg, Malta and The Netherlands. 11 March 2018
Analysis
International financial centres such as Barbados must develop a niche strategy within the limitations of a new world order requiring more onerous governance and regulation, as Ricardo Knight & Kirk Cyrus of JLT Barbados explain. 9 March 2018
Analysis
The president of the National Association of Insurance Commissioners (NAIC), Julie Mix McPeak, will be attending the CICA 2018 International Conference, the first-ever visit from an NAIC president to this event. 5 March 2018
Analysis
Ratings agency AM Best has revealed plans to establish an office in Amsterdam, the Netherlands, in 2018 as part of its Brexit contingency plan. 2 March 2018
Analysis
Bermuda’s insurance industry registered a total of 58 new insurers, ranging from captives and long-term re/insurers to special purpose insurers (SPIs), compared to 42 in 2016, according to Bermuda Monetary Authority (BMA) statistics. 1 March 2018
Analysis
The State of Georgia licensed 18 new captive insurance companies in 2017. 27 February 2018
Analysis
The Kansas state government has introduced a bill aimed at modernising the captive insurance laws in Kansas. 22 February 2018
Analysis
Bermudian attorney and managing partner Michael Hanson in association with offshore firm Carey Olsen has established a new practice in Bermuda. 8 February 2018
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