News

Analysis

Can captives avoid excessive regulation?

As the captive market has grown and thrived it has also caught the attention of regulators at all levels. This is something of a double-edged sword for a sector that thrives on innovation, argues Robert Myers of law firm Morris, Manning & Martin.   1 September 2017

Accounting & tax analysis

831(b) blues: the Avrahami aftermath

One of the most closely watched cases in the captive industry has drawn to a close, and the IRS has scored a win against 831(b)s in the case of Avrahami v Commissioner. Various experts weigh in on what can be taken away from this result.   25 August 2017

Accounting & tax analysis

Victories in 831(b) cases would prompt IRS to target larger captives

The scrutiny that some types of captives – in particular 831(b)s – face from the IRS is unlikely to go away, and advisors must get smarter about how they educate clients, according to Anne Marie Towle, captive consulting practice leader at JLT Insurance Management, speaking at the Vermont Captive Insurance Association’s (VCIA) annual conference in Burlington, Vermont.   11 August 2017

Analysis

Gibraltar to allow protected cell companies to write third party business

The Gibraltar government has indicated that it will allow Gibraltar licenced Protected Cell Companies (PCCs) third party business in a move intended to open up new opportunities for Gibraltar’s insurance sector.   10 August 2017

Analysis

Captive industry has boosted Vermont’s economy, says Governor Phil Scott

Since the introduction of the first captive bill in 1981, captive insurance has played an important role in supporting economic growth in the state of Vermont.   10 August 2017

Analysis

Puerto Rico poised for “significant growth” as captive domicile

Increasing premium limits, reporting requirements, ownership restrictions, and increased scrutiny from the Internal Revenue Service (IRS) has made prospective captive owners more cautious about forming 831(b) captives.   8 August 2017

Law & regulation

Obamacare uncertainty will drive more firms to use medical group captives

Against a backdrop of rising medical costs and uncertainty surrounding the future of US healthcare, more proactive business owners are looking at more competitively priced solutions such as medical group captives.   8 August 2017

Analysis

Abu Dhabi signs MOUs with Labuan to support growth in financial services

Abu Dhabi Global Market (ADGM), the financial centre of Abu Dhabi, has partnered with Labuan International Business and Financial Centre (Labuan IBFC) and Labuan Financial Services Authority (Labuan FSA) to support the growth and development in both financial ecosystems in Labuan, Malaysia and Abu Dhabi.   1 August 2017

Analysis

Clyde & Co opens LA office

US and international law firm Clyde & Co has opened an office in Los Angeles, following partner Julie Hawkinson's move to the city.   25 July 2017

Analysis

Trump administration ready to sign US-EU covered agreement

The US Department of the Treasury and the Office of the US Trade Representative have issued a public noticed of intent to sign the covered agreement with the European Union, and officials from the Trump administration are expected to sign in the coming weeks.   17 July 2017

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