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Actuarial & underwriting
AM Best has affirmed the financial strength rating of A (Excellent) of Bison Insurance Company (Bison). The outlook of the rating is stable. 31 October 2016
Accounting & tax analysis
The Organisation for Economic Co-operation and Development (OECD) has released its schedule for Action 14 peer reviews and has asked for taxpayer input on its Base Erosion Profit Shifting (BEPS) Action Plan. 31 October 2016
EMEA analysis
Great American Insurance Group’s (Great American) Alternative Markets Division, which operates agency captive and group captive programmes, has entered into an agreement with JM Associates/ Burnham and Company, a division of HUB International Northeast, to be the insurance carrier for the national elevator insurance programme. 31 October 2016
Cayman analysis
Atlas Insurance Management (Atlas), a Charlotte-based captive insurance management firm, has restructured its executive management team to accommodate its increase in business demands and staffing within both its onshore Charlotte office and its offshore Cayman Islands office. 28 October 2016
Law & regulation
EXCLUSIVE: Captives could be a bigger part of the solution if regulatory rules get ironed out: Artex
The past five years has seen significant growth of the captive insurance industry and the next five years will likely continue this trend, Jeremy Huish, senior vice president, captive business development at Artex, North America, tells Captive International. 28 October 2016
Law & regulation
AM Best has revised the outlooks to negative from stable and affirmed the financial strength rating of B (Fair) of Golden Insurance Company, a risk retention group (Golden). Mitigating factors includes Golden’s profitable earnings in recent years and the addition of a more reputable captive manager. 25 October 2016
EMEA analysis
Only 5 percent of captive industry professionals who listened to the Captive Insurance Companies Association (CICA) webinar about the impact of BREXIT on the captive insurance market have captives in the European Union (EU) that directly write UK risk. 25 October 2016
Accounting & tax analysis
One solution to funding for property damage caused by hurricanes is a captive insurance company. It can be treated as a real insurance company for tax purposes and help a company to save for a stormy day, says Jeffrey Kenneson of R&Q Captive Management. 20 October 2016
Accounting & tax analysis
Delaware Insurance Commissioner Karen Weldin Stewart has issued a bulletin providing captive insurers guidance to make it easier to comply with the new requirements within the federal Protecting Americans from Tax Hikes (PATH) Act. 18 October 2016
IT & claims management analysis
AM Best has affirmed the Financial Strength Rating of A- (Excellent) of Casiopea Re, a captive reinsurer based in Luxembourg. The outlook of the ratings remains stable. 17 October 2016
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