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Accounting & tax analysis
The Double Taxation Agreement (DTA) between Jersey and Hong Kong, originally signed in February of last year, has been formally introduced into law. 10 July 2013
Cayman analysis
Advantage Insurance Holdings, a specialty insurance services company based on the Cayman Islands, has appointed Walter Keenan as its president and chief executive officer. 9 July 2013
Analysis
Black Pearl Insurance 1 PC is the first protected cell company to be established in Jersey and will insure professional liability risk—professional indemnity and D&O—for Polygon Group. 5 July 2013
Analysis
Writing in our US Captive title, Dennis Harwick, president of CICA, argues that a recent New York regulatory report attacking offshore captives is a ‘political document’ that fails to differentiate true captives from so-called ‘shadow insurance’. 5 July 2013
Analysis
The Bermuda Business Development Corporation, formed through a merger of Business Bermuda and the Insurance Development Council, has named Stephen Lund as its new CEO. 3 July 2013
Actuarial & underwriting
R&Q has acquired MPPA Insurance, a Class 2 Bermudian captive already in run-off, for $3.4 million in its first Bermuda transaction. 2 July 2013
Analysis
The stigma against middle market captives is diminishing in the industry but has far from vanished, believes Jeremy Huish, business director at Artex Risk Solutions. 27 June 2013
Analysis
The Captive Insurance Companies Association (CICA) sent a letter to the National Association of Insurance Commissioners (NAIC) to thank president Jim Donelon for his support of the industry. 26 June 2013
Analysis
Randall & Quilter (R&Q) announced this week that it has successfully reached an agreement to receive by way of novation all contracts underwritten by MPPA Insurance. 25 June 2013
Law & regulation
The state of Vermont has announced a series of changes to the state's captive legislation. 24 June 2013
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