News
Analysis
It is possible Bermuda will be removed from the European Union's list of non-cooperative jurisdictions in tax matters - also known as the blacklist - at a meeting of EU finance ministers (ECOFIN) on May 17. 15 May 2019
Accounting & tax analysis
Could high-profile settlements with the State of Washington lead to more captive domiciles following a similar path? Or will they adopt a more pro-business stance, like North Carolina? Pete Kranz, executive managing director and captive practice leader of Beecher Carlson, provides some key considerations on where to domicile a captive. 15 May 2019
article
Tennessee insurance commissioner Julie Mix McPeak, who has been attributed to modernising the state’s captive laws and is the former president of the National Association of Insurance Commissioners (NAIC), is stepping down from her position on June 14. 15 May 2019
Analysis
Captive management provider RMC Group has appointed Mark Elwell as executive vice president of risk. 14 May 2019
Actuarial & underwriting
As the lines between P&C and A&H coverages continue to blur, captives are gaining increased crossover relevance and are being used in more innovative ways. Phillip Giles, vice president, sales & marketing, accident & health, at QBE North America, has the details. 13 May 2019
Analysis
The Terrorism Risk Insurance Program Reauthorization Act (TRIPRA) is due to expire on December 31, 2020, but further extensions are uncertain, raising the potential for property/casualty insurers - and by extension captives - to face rating downgrades due to over-reliance on the programme, according to AM Best. 13 May 2019
Analysis
On May 6 the second cohort of Lloyd’s Lab kicked off in the venerable Lloyd’s building on Lime Street—the heart of the London Market. Marcus Schmalbach, CEO and founder of Ryskex, provides a glimpse behind the scenes from the eyes of a participant. 8 May 2019
Analysis
Insurance broker and managing general agency Caitlin Morgan Insurance Services has opened a new office in Vermont, and named Dustin Partlow as senior vice president to lead its captive management business. 8 May 2019
Analysis
Strategic Risk Solutions (SRS) has assumed the management of Old Main Assurance, the Bermuda-based captive of Texas energy company Marathon Oil, from Marsh. 8 May 2019
Analysis
Stanford Health Care has requested to withdraw the financial strength ratings of its Bermuda captive, SUMIT Insurance Company following a downgrade from AM Best. 8 May 2019
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