News

New Captive Models

Willis pension scheme uses a Guernsey captive to execute a longevity swap

The Willis pension scheme has executed a longevity swap through its Guernsey-based captive.   27 July 2020

Accounting & tax analysis

The lack of consistency in reporting standards and how this may hurt captives

There is very little consistency between countries when it comes to insurance tax reporting, and captives managers need to stay across the nuances to avoid trouble. Daniela Dinkova of Sovos explores some of the differences.   24 July 2020

article

Davies acquires Citadel Risk’s captive operations

The business will be re-branded and trade as part of Davies Captive Management.   24 July 2020

Accounting & tax analysis

More than 20 captives bodies file key brief in IRS CIC vs IRS Supreme Court case

It relates to Notice 2016-66 that forces some captives owners to report tax details to the IRS.   24 July 2020

article

Allianz appoints global head of AGCS ART unit

AGCS’ ART unit provides structured re/insurance solutions including fronting and captives solutions.   24 July 2020

Accounting & tax analysis

Blow for 831(b)s as tax court confirms IRS will seek 40% penalties

While the penalty is lower in the Oropeza case, this is an exception.   24 July 2020

Accounting & tax analysis

More detail emerges on captive coalition’s amicus brief filed in CIC case

It addresses specific concerns the captive insurance industry has around recent actions by the IRS.   24 July 2020

article

Strategic Risk Solutions hires son of captives industry founder Reiss as new MD

The executive was also a founder of Hamilton Insurance Group in Bermuda.   24 July 2020

article

Does your captive have a COVID-19-related claim?

Many businesses are suffering losses as a result of the COVID-19 pandemic that, at first glance, look likely to be covered by various different policies such as work stoppage and business interruption. But policyholders should double-check the small print, says TJ Strickland of Strickland Hardee.   22 July 2020

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Registrations open for virtual Bermuda Captive Conference

It has reduced registration fees to make this year’s virtual event more accessible.   21 July 2020

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