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Actuarial & underwriting
A survey conducted by Marsh and RIMS has revealed that although senior executives and risk management professionals opinions on the role that risk management should play in strategic planning are “more aligned than ever” there is yet to be full strategic integration. 30 April 2013
Bermuda analysis
The Marsh annual benchmarking report for 2012 found that new captive owners are gravitating toward onshore domiciles in the US and the EU, although few existing captives are re-domesticating to onshore jurisdictions. 29 April 2013
EMEA analysis
The latest Direct Taxation Arrangement (DTA) to be signed into law is between Guernsey and Hong Kong. 26 April 2013
EMEA analysis
Following in the footsteps of its European counterpart Solvency II, the South African Solvency Assessment and Management (SAM) regime for insurers has been delayed. 25 April 2013
Cayman analysis
The Cayman Islands captive insurance industry has rolled out a new brand at the RIMS 2013 conference to promote “its integrity and transparency”. 24 April 2013
EMEA analysis
Guernsey’s decision to opt out of Solvency II has helped to strengthen its global position in the captive industry, with the Island welcoming 72 licensees in 2011 and a further 97 in 2012, bringing total captives to 737 by the close of 2012. 24 April 2013
New Captive Models
Tennessee governor, Bill Haslam has signed new protected cell captive insurance legislation into law, lowering capital and surplus requirement and eliminating the requirement for a holding company. 23 April 2013
Accounting & tax analysis
All legal processes for the merger of Business Bermuda and the Insurance Development Council into the Bermuda Business Development Corporation (BBDC) were completed on Friday. 23 April 2013
Analysis
The CCRIF has signed a Memorandum of Understanding formalising a donation of $100,000 to the government of Jamaica to aid in the nation’s post-Sandy recovery. 22 April 2013
Executive Appointments
The Executive Committee of the NAIC has announced plans to establish an American Indian Liaison Committee to address insurance issues involving the cooperation and relationship between sovereign states and sovereign tribal nations. 19 April 2013
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