News
Law & regulation
Securing 831(b) tax status is an attractive option for owners of small captives—but with new legislation and increased scrutiny from the IRS it is vital to ensure your captive passes the test as a genuine insurance company and not merely a vehicle for wealth transfer. US Captive investigates. 3 August 2016
USA analysis
Dixon Hughes Goodman (DHG), a public accounting and advisory firm, has appointed Brian Kilbane as office managing partner of its Florida Office, which primarily serves the insurance industry. 29 July 2016
Law & regulation
The micro-captives industry is flourishing in Puerto Rico due to some ‘outstanding’ legislation passed under its international insurer rules and this growth has the potential to shake up the traditional captive locations, says David Kirkup of Captive Alternatives, who spoke to US Captive about the ways in which Puerto Rico has attracted micro-captives to its shores. 28 July 2016
USA analysis
AM Best has affirmed the financial strength rating of A+ (Superior) of Primerica Life Insurance Company and its affiliates, National Benefit Life Insurance Company and Primerica Life Insurance Company of Canada, collectively referred to as Primerica Life. 27 July 2016
USA analysis
AM Best will be presenting its annual webinar called ‘the state of the captive insurance market’, on August 5 at 2pm Eastern Time. 26 July 2016
USA analysis
The latest Captive Insurance Companies Association (CICA) webinar will cover the topic of how Pleiades Insurance has responded to the needs of its parent company, Subaru of America. 26 July 2016
USA analysis
Accredited Surety and Casualty (ASC), a property/casualty insurer and subsidiary of captive manager Randall & Quilter (R&Q), has entered the surety market in the US thanks to a new underwriting agreement. 15 July 2016
USA analysis
Vermont’s captive insurance industry is celebrating 35 years since its captive insurance legislation was signed into law by the late Governor Richard Snelling. 14 July 2016
USA analysis
Vermont Governor Peter Shumlin has named Michael Pieciak as commissioner of the department of financial regulation (DFR). 12 July 2016
Bermuda analysis
AM Best has affirmed the financial strength rating of A (Excellent) of captive insurer Nuclear Electric Insurance (NEIL). The outlook for the rating remains stable. 8 July 2016
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