News
Analysis
Puerto Rico is working on its strategy to become the ‘Singapore of the West’, explains David Kirkup, CFO and COO of Captive Alternatives. 12 January 2018
Analysis
Acrisure, an insurance broker which has agency partners that offer insight and guidance for prospective captive owners, has reached an agreement to acquire 100 percent of re/insurance intermediary Beach & Associates’ equity from existing shareholders. 10 January 2018
Analysis
The State of Vermont licensed 24 new captives in 2017, bringing its total to 1,112, with 566 active captive insurance companies. 9 January 2018
Accounting & tax analysis
The Tax Cuts and Jobs Act of 2017 introduced by the Trump administration includes provisions affecting captives and risk retention groups (RRGs), and they should therefore contact their tax advisor to learn how it may affect them, according to captive management and consulting company JLT Insurance Management (USA). 9 January 2018
Analysis
The number of captive insurance companies domiciled in the State of Arizona increased by 7 percent in 2017, bringing the total to 121. 8 January 2018
Analysis
CLARA Analytics, an artificial intelligence (AI) and data science company focused on the P&C and disability insurance industries, aims to reduce the cost of claims with AI-based solutions by reducing claims leakage and frictional costs for both insurance companies and self-insured corporations. 5 January 2018
Analysis
RIMS, the risk management society, has appointed Robert Cartwright Jr to lead the society as president for the 2018 term, effective January 1. 5 January 2018
Analysis
The University of Vermont (UVM) Health Network has said that it will be moving its captive insurance company to Vermont from Bermuda. 5 January 2018
USA analysis
As the threat from cyber crime becomes more complex and the general insurance industry struggles to keep pace, captive insurers can come into their own, writes Matthew Queen, general counsel and chief compliance officer, Venture Captive Management. 2 January 2018
USA analysis
The Captive Insurance Companies Association’s (CICA) board of directors has voted for Courtney Claflin, executive director - captive programs University of California, office of the president, to fill an open seat. 22 December 2017
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