News

Accounting & tax analysis

Surrendered licences, 953(d) and beyond

US tax reform, natural catastrophes and new technologies are all shifting insurance market conditions, which is having an impact on captives in Bermuda, explains Gary Harris of Appleby.   8 October 2018

Analysis

BEPS and Brexit driving change in Europe

Against a backdrop of legislative pressures, Brexit and BEPS, many companies in Europe are reconsidering why they need a captive, as Alexandra Gedge of JLT Insurance Management explains.   8 October 2018

Analysis

Rely on existing regulations for European captives, FERMA urges OECD

The Federation of European Risk Management Associations (FERMA) has urged the Organisation for Economic Co-operation and Development (OECD) to use existing international regulations governing captive insurance companies when it publishes new guidelines on transfer pricing and value creation.   21 September 2018

Analysis

The shifting European captives landscape

Solvency II, Brexit and OECD BEPS are some of the influential forces reshaping the captives domicile landscape in Europe, and many captive owners are looking at the growing attractiveness of onshore vs offshore, explains Ciaran Healy of Willis Towers Watson.   17 September 2018

Accounting & tax analysis

Judgment time for small captives goes on

Fresh from its victory in the Avrahami and Reserve Mechanical cases, the IRS has set its sights on three more small captives. If it keeps winning, could that spell doom and gloom for the small captives sector, or the wider captive insurance industry? Captive International investigates.   17 September 2018

Accounting & tax analysis

Moody’s captive under fire for tax fraud from whistleblower

Moody’s Corporation, the holding company for rating agency Moody’s Investors Service, is facing allegations from a former employee who has claimed that Moody’s and its advisors defrauded New York State of potentially millions of dollars of tax revenues, with it’s captive Moody’s Assurance Company (MAC) accused of underpaying the state.   17 September 2018

Analysis

Vermont’s ARCs will help firms avoid BEAT and enhance domicile: AM Best

Vermont’s recently introduced captive structures, affiliated reinsurance companies (ARCs), will likely enhance the domicile’s standing in the captive industry, according to an AM Best briefing.   8 September 2018

Analysis

Hawaii as a captive domicile: quality, not quantity

Slow and steady growth has served the state of Hawaii well and continues to be one of the reasons it is consistently on the list of top domiciles for captives, says Paul Shimomoto of the Hawaii Captive Insurance Council.   4 September 2018

Analysis

A bright future for captives

Utah has become a leading domicile for captives on the back of technical innovation and affordability. Travis Wegkamp, captive director, Utah Insurance Department, outlines what has been achieved so far— and the opportunities that lie ahead.   4 September 2018

Analysis

Building on experience

On May 18, 2018, South Carolina governor Henry McMaster signed into law H. 4675, a package of amendments to the domicile’s captives legislation, which was first enacted in 2000. Jay Branum, director of captives in the South Carolina Department of Insurance, explains the background and the effects to US Captive.   4 September 2018

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