News
Analysis
Hawaii licensed eight new captive insurance companies in 2018, according to statistics from the Insurance Division of the state Department of Commerce & Consumer Affairs. 28 January 2019
Accounting & tax analysis
The Arizona-based lawsuit Shivkov v Artex Risk Solutions is being followed with great interest by the captive insurance industry, perhaps with good reason. One of the lead lawyers involved in the case now claims the alleged conspiracy is larger than it seems. He explained why to Captive International. 28 January 2019
Analysis
The State of Delaware formed 46 captive insurers in 2018, 30 of which were the domicile's recently introduced conditional licenses, insurance commissioner Trinidad Navarro has revealed. 24 January 2019
Analysis
The Self-Insurance Institute of America (SIIA) has released a code of professional standards to provide ethical business conduct guidance to captive managers. 23 January 2019
Analysis
With the cannabis industry expected to generate over $20 billion in US sales in 2021 and only a handful of insurers active in this space, there is a prime opportunity for captive insurers to step in. An inherent conflict at a federal level scares away many captive managers, but those not willing to act might get left behind. Matthew Queen, chief compliance officer and general counsel of Venture Captive Management, has the details. 21 January 2019
Analysis
Regulatory changes scheduled to be tabled before the Bermuda House of Assembly place Bermuda on a steady yet progressive footing to steer the captive market forward for years to come, says Matthew Carr, senior associate, corporate, of Appleby's Bermuda office. 14 January 2019
Analysis
Connecticut has entered into two separate memoranda of understanding with The Hartford and Liberty Mutual Insurance to provide supplemental financial assistance to policyholders who file claims and receive awards to remediate their crumbling concrete foundations through the state’s captive insurance programme, the Connecticut Foundations Solutions Indemnity Company (CFSIC). 9 January 2019
Law & regulation
The US state of Michigan has changed some of the reporting requirements that relate to captives in the state. One of the changes means that captives can now report using international financial reporting standards. 21 December 2018
Accounting & tax analysis
Captive managers and promoters including Gallagher and Artex have come under fire for allegedly conspiring to sell and manage illegal tax shelter captive insurance strategies. Matthew Queen, general counsel & chief compliance officer at Venture Captive Management, provides some insight into the lawsuit. 17 December 2018
Analysis
Delaware has introduced a ‘speed to market’ approach to setting up captives with the introduction of its conditional licensing programme. Captive International spoke with Steve Kinion about this new legislation and other developments. 13 December 2018
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