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Analysis
Thanks to broad bipartisan political support in the state for the enactment of captive legislation, North Carolina looks set be the latest US domicile to enter the captive field. 23 May 2013
Services
Atlanta headquartered Brown & Brown has moved to acquire insurance and risk management broker, Beecher Carlson in a cash move. 23 May 2013
Law & regulation
Governor Jay Nixon of Missouri signed legislation authorizing the formation and operation of sponsored captive insurance companies—or segregated cells—last week. 22 May 2013
Analysis
The Hon. Craig Cannonier, the Premier of Bermuda, has said the island’s regulatory regime is committed to remaining flexible and competitive to make certain it remains the jurisdiction of choice for both the captive industry and the international re/insurance industry. 21 May 2013
Analysis
BP’s Guernsey-based captive, Jupiter has had its financial strength rating affirmed as A (Excellent) and its issuer credit rating at “a” by AM Best as a result of almost $2 billion in technical profit achieved in 2012. 21 May 2013
Bermuda analysis
Bermuda welcomed a class 2 multi-owner captive and a long-term class B captive in April despite headwinds associated with the soft commercial market and pressure on offshore domiciles from the global taxman. 17 May 2013
Accounting & tax analysis
The Monetary Authority of Singapore (MAS) has announced its intention to “significantly” strengthen its framework for tax cooperation and ending cross-border tax offences. 16 May 2013
EMEA analysis
Marsh has appointed Neil Irwin to the lead the firm’s business development across the Middle East and North Africa (MENA) region. Irwin will be based in Dubai. 15 May 2013
Analysis
Tim Faries, a partner at Appleby Bermuda, told Captive International that bilateral tax agreements could be the key to attracting Latin American captive owners to the Island. 14 May 2013
Analysis
As two captive insurance bills wind their way through the North Carolina state legislature, an association has formed to help them find their way. 13 May 2013
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