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USA analysis
Captive insurance vehicles are increasingly being used by businesses to provide cover for non-traditional risks with political risk driving this growth, a new benchmarking report published by Marsh has shown. 12 May 2015
Asset management analysis
The Captive Insurance Companies Association (CICA), the domicile neutral trade association representing the captive insurance industry, has submitted a response to the Internal Revenue Service (IRS) regarding RIN 1545-BM69 – Exception from Passive Income for Certain Foreign Companies. 12 May 2015
USA analysis
Iroquois Captive Services, a Nashville-based consultant and manager for captive insurance companies, has named Belinda Fortman as managing director – Captive Management. 11 May 2015
Law & regulation
The Governor of Vermont, Peter Shumlin, will sign in new captive legislation today (May 7, 2015). 7 May 2015
Law & regulation
The Delaware Captive Insurance Association (DCIA) has backed legislation aimed at increasing the premium cap on 831(b) captives. 5 May 2015
Actuarial & underwriting
Randall & Quilter (R&Q) has appointed Nick Frost as president of its captive management division. 1 May 2015
USA analysis
Mitsubishi Motors North America has replaced its captive financing company, Mitsubishi Motors Credit of America, with Ally Financial. 30 April 2015
Accounting & tax analysis
Bermuda will highlight the benefits of establishing captives on the Island, when a team of 15 delegates head to Canada for a roadshow. 28 April 2015
Bermuda analysis
A strong Bermudian delegation, headed by Bermuda’s Premier, is currently attending the Risk and Insurance Management Society (RIMS) annual conference in New Orleans. 27 April 2015
Accounting & tax analysis
The Illinois Senate has unanimously passed legislation which will repeal a premium tax imposed on industrial insurer captive insurers. 27 April 2015
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